Ergo works with other UTXO channels to improve technology for the benefit of humans.

Alliance UTXO

The UTXO Alliance is an initiative that begins to work with individuals and organizations to make the UTXO (Unspent Transaction Outgoing) model more scalable, secure and interoperable.

A collaboration between Cardano, Input-Output Global, Ergo Platform, Nervos and Topl will define the future of scalability, programmability and interoperability.

Compared to the account model obtained by Ethereum, the UTXO model has many advantages. He offers:

For privacy, UTXO is a single item, so privacy permissions can be created.

Scalability, because connections make it easier to work and understand. UTXO is also more familiar with those familiar with unoccupied solutions.

Interoperability is similar to off-chain and sidechain protocols. From the visual point of view of the chain, the waste can be easily processed.

Exchange rates can be estimated and the same chain function can only be used on smart contracts. As a result, exchange rates fell and, more importantly, exchange rates were predictable, eliminating the need for “oil prices”.

The basic principle of the UTXO Alliance is dedicated to solving the problem of data transfer in different blockchain environments (data use, data processing, exchange rate and electricity use).

Addressing these challenges will allow an individual to securely share digital assets such as coins, tokens, data, and smart contracts across multiple blockchains. To achieve this goal, Alliance members strive to promote collaboration, expand access to information, and educate and support larger clients.

Each member develops a unique functionality and the unique tools it brings to the UTXO Alliance.

Cardano: Ouroboros Aiming to Realize a Strong Value Proposition and Past

Ergo: Sigma protocol and multi-level agreement on safety and security

Nervos: UTXO cell model for scene storage optimization (UTXO box model)

Topl: Impact monitoring necessary for profitable businesses

Ergo Japon eUTXO

The eUTXO (Extended UTXO) system enables smart contracts terminated by Turing. This new development will allow us to redesign the old version used by Bitcoin, but with more features.

The eUTXO model adds support for a wide range of smart contracts and underlying resources while managing the Bitcoin model. Ergo in the same way as Cardano's eUTXO, with its own multistage UTXO model showing the UTXO chain.

Tiered contracts provide an extension to the Bitcoin UTXO model, making it easier to use smart contracts at any difficulty. Ergo only uses text for non-financial use as the only reading in the industry. The current proof-of-work algorithm is compatible with most authentic non-interactive online (NiPoW) protocols and does not support any wire reliability, interaction, and interoperability between strings. Using Emurgo's new research, you can understand data entry and the real update it brings to the UTXO blockchain.

Over the next few months, Cardano plans to add data from the stiff competition to allow the Oracle pool design to interact below.

Ergo's Sigma protocol (Sigma protocol), combined with the advanced process of the UTXO ledger model, can provide near-low scalability and strong privacy and security features with read-only inputs and rich content completion of Turing. Zero-knowledge applications like Ergo UTXO's Collective Sending Vault are superior to various states like Ethereum.

Ergo has always been committed to working with mind-blowing businesses to promote the development of technology and its benefits to humans. We believe the blockchain industry needs more integration and collaboration than democratic governance. Industry integration only allows the development and implementation of the tools we develop.

Ergo and Cardano have a wealth of experience working together. General information about this partnership is provided below, as well as the design and testing process in collaboration with Emurgo and IOG.

to believe

Ergo previously worked with Emurgo (co-founder of Cardano) to research and grow the business. Through this collaboration, we see the integration of the Yoroi portfolio and Oracle's innovation.

Ergo's Oracle pool design is more efficient and programmable than using multiple Oracle datasets (eg, Chainlink's Oracle design). We use Oracle Pools and Oracle Pools Pools in Ergo to build trust processes. It's faster, cheaper and more cost effective for end users.

Chainlink Oracle Pas vs Ergo Oracle Pas

Recherche Emurgo : Pools Oracle

Check out the Reddit Cardano group's posts, which are rich and engaging with a discussion of their commentary strengths.

SigmaUSD

Ergo previously worked with Emurgo and IOHK to develop SigmaUSD. This study aims to lay the foundations for a new era of digital finance.

SigmaUSD is an example of the AgeUSD protocol, the world's first UTXO-based Stabilitycoin. Its economic model governs the storage space of private property and avoids the needs of the market. In addition to this, it also supports the overall stable financial distribution structure. As a result, SigmaUSD provides the world with a stable, convenient and decentralized stability coin. Ergo's launch of SigmaUSD allows Cardano to learn how to create real-world situations. One last change since SigmaUSD v2 will connect to Djed and run on the Cardano blockchain.

Ergodex

ErgoDEX is an unmanaged exchange that enables fast, easy and secure transitions between Ergo and Cardano networks. The eUTXO model offers a unique ability to inform the market about Automated Market Makers (AMMs) and to book exchange orders and transactions and restrict the order of flights in the same pool. Other UTXO channels can also use this feature!

To make ErgoDEX safer for first-time coins (ICO), recurring orders and partial support provide investors with additional security measures. Integrating NiPoPoW and / or ErgoMixer with ErgoDEX will help create seamless exchanges with enhanced connectivity and privacy.

Check the current plans and promotions on the legitimate ErgoDEX website.

the story

Alexander Chepurnoy (aka Kushti) is one of the main developers of the Ergo platform and has been involved in blockchain development and smart contracts since 2011. He is a key developer of NXT (Original Pure PoS) who has joined smartcontract.com (now Chainlink) with Sergey Nazarov in 2014, is an IOHK scholar and has over 20 academic courses. While working on NXT, he developed a "simple blockchain framework" called ScoreX. This project was used to create a blockchain feature like Waves and was listened to by Cardano and Ethereum co-founder Charles Hoskinson.

Alex is focused on applying the knowledge he has gained through these activities to create a truly fair PoW that will be beneficial under the IOHK and Cardano FX deals. See the Ergo announcement for more details.