Smart Contracts
Intermediate
What is
Multi-Stage UTXO Model?
Ergo's extended UTXO model, detailed in a peer-reviewed paper, enables the implementation of Turing-complete smart contracts, offering advanced scripting capabilities.
Ergo's extended UTXO model, detailed in a peer-reviewed paper, enables the implementation of Turing-complete smart contracts, offering advanced scripting capabilities.
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Frequently Asked Questions
Questions about Multi-Stage UTXO Model
Common questions about this topic
How to build DeFi on Ergo?
Building DeFi on Ergo starts with understanding the eUTXO model and ErgoScript. Unlike account-based chains, Ergo's box model provides deterministic execution, no MEV by design, and predictable gas costs. Use Oracle Pools for price feeds, and leverage existing patterns from Spectrum Finance and SigmaUSD.
How-to
DeFi
Is Ergo better than Monero for privacy?
Different privacy models for different needs. Monero provides always-on, protocol-level privacy with ring signatures. Ergo offers optional privacy via Sigma Protocols with selective disclosure - you can prove things about data without revealing the data. Ergo excels at programmable privacy (private smart contracts), while Monero excels at simple private transfers.
Comparison
Privacy
How to get started with Ergo?
Start by getting a wallet (Nautilus for browser, Terminus for mobile). Back up your seed phrase securely offline. Get some ERG from an exchange (Gate.io, KuCoin) or DEX (Spectrum). Make a test transaction. Then explore: try DeFi on Spectrum, check out NFTs, or dive into the technology if you're a builder.
How-to
Getting Started
How is Ergo different from Bitcoin?
Ergo extends Bitcoin's model with smart contracts. Both use PoW and UTXO, but Ergo adds: eUTXO for programmable boxes, ErgoScript for smart contracts, Sigma Protocols for privacy, storage rent for sustainability, and NiPoPoWs for light clients. Think of Ergo as 'Bitcoin with smart contracts done right.'
Comparison
Technology