Ergo Platform/Ergo Platform is a secure, adaptable, open, license-free, truly decentralized underlying public chain for DeFi applications built from scratch. It mainly focuses on providing an efficient, safe and easy way to achieve financial contract. It is based on the new PoW consensus mechanism Autolykos and always abides by PoW. It is constructed using the EUTXO model that combines the advantages of the UTXO model and the account model. It follows the Bitcoin tradition but adds many new functions, and its ability to implement complex financial contracts far exceeds that of its opponents.
The total supply of its native token ERG is 97,739,925 pieces, which will never be issued and will never be destroyed.
Ergo started development in 2017 and the mainnet went live on July 1, 2019. It is built by a top technical team with 10 years of blockchain theoretical research and practical experience led by the famous kushti (Alexander Chepurnoy) on Github. Team members have participated in the development of NXT, Scorex, Cardano and Waves, etc.