What is
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge - a cryptographic proof system that allows one party to prove they know a secret without revealing the secret itself.
Zero-Knowledge Succinct Non-Interactive Argument of Knowledge - a cryptographic proof system that allows one party to prove they know a secret without revealing the secret itself.
Common questions about this topic
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.
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.
This is not financial advice. Ergo has strong fundamentals: fair launch (no VC dump risk), innovative technology (eUTXO, Sigma Protocols, NiPoPoWs), active development, and a cypherpunk ethos. It's a smaller market cap project with higher risk/reward than established chains. Research thoroughly, understand the technology, and never invest more than you can afford to lose.
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.