What is
A fraudulent attempt to obtain sensitive information like usernames, passwords, and financial details by posing as a trustworthy entity.
A fraudulent attempt to obtain sensitive information like usernames, passwords, and financial details by posing as a trustworthy entity.
Common questions about this topic
Yes, Ergo is highly secure. It uses Proof-of-Work (the same security model as Bitcoin), has never been hacked, and the eUTXO model eliminates entire classes of smart contract vulnerabilities. The code is open-source and peer-reviewed. Your security also depends on proper seed phrase management.
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.'
Storage rent is Ergo's solution to state bloat. Boxes (UTXOs) that remain unspent for 4+ years can have a small fee deducted by miners. This incentivizes cleaning up unused state, provides long-term miner revenue after emission ends, and keeps the blockchain sustainable. Lost coins eventually return to circulation instead of being locked forever.
Rosen Bridge is Ergo's cross-chain bridge protocol for trustless asset transfers between blockchains. It connects Ergo with Cardano, Bitcoin (Runes), and Dogecoin. Unlike centralized bridges, Rosen uses a decentralized watcher network and multi-sig security. Bring assets to Ergo's DeFi ecosystem or move ERG to other chains.