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| Ergo 
| #ERG
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| ERG Price: | $1.49 | | Volume: | $338.8 K | | All Time High: | $19.38 | | Market Cap: | $98.8 M |
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| Circulating Supply: | 66,320,889 |
| Exchanges: | 9
| | Total Supply: | 97,739,924 |
| Markets: | 15
| | Max Supply: | 97,739,924 |
| Pairs: | 4
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The price of #ERG today is $1.49 USD.
The lowest ERG price for this period was $0, the highest was $1.49, and the exact current price of one ERG crypto coin is $1.48969.
The all-time high ERG coin price was $19.38.
Use our custom price calculator to see the hypothetical price of ERG with market cap of BTC or other crypto coins. |
The code for Ergo is #ERG.
Ergo is 2.3 years old. |
The current market capitalization for Ergo is $98,797,294.
Ergo is ranked #227 out of all coins, by market cap (and other factors). |
The trading volume is medium today for #ERG.
Today's 24-hour trading volume across all exchanges for Ergo is $338,787. |
| The circulating supply of ERG is 66,320,889 coins, which is 68% of the maximum coin supply. |
ERG has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 9 crypto exchanges.
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Security and Privacy Tooling On Ergo
The Cypherpunk theme for Ergo’s first ErgoHack of 2023 looks to inspire ideas relating to cryptocurrencies’ first principles. Since its inception, optional privacy and robust security have been recognized as some of Ergo’s identifying features. One of the first dApps deployed on Ergo was the first non-interactive, non-custodial mixer in the cryptocurrency industry. With Ergo, the tooling is in place to create financial products that are decentralized, permissionless and promote autonomy for the ordinary person. — Exploring the use cases of security and privacy tools in cryptocurrency - During the 2022 Ergo Summit, the founder of Ergo, Alex Chepurnoy, spoke at great length on the topic of privacy and security. He offered an in-depth presentation on the various use cases for certain privacy applications, such as Schnorr signatures, mixers, stealth addresses and other various aspects of privacy tooling. Let’s take a brief look at some of the features he discussed: Schnorr signatures essentially “enable a transaction to be signed with a single signature, regardless of how many addresses the funds are being sent from.” The primary utility of Schnorr signatures is to allow for enhanced privacy while securing one’s cryptocurrency. In order to improve the security and privacy of your transactions, one can use multiple signatures when sending transactions. This can involve requiring approval from multiple people or... 
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Privacy on Ergo — A Fundamental Human Right
Privacy on Ergo — A Fundamental Human Right - It has long been debated that privacy is one of the primary use cases of blockchain technology. At its core, one of the defining principles of Ergo is financial privacy for the ordinary citizen. Some may argue that if you have nothing to hide, then one does not need privacy. However, this is a weak argument when considering that the right to privacy does not necessarily mean one is hiding something. In the Ergo Manifesto, Alex Chepurnoy describes why privacy is an essential human right — regardless of whether one’s actions are ethical or not. The Ergo Manifesto states that:“Financial privacy is especially vital because it can be the difference between survival and systematic suppression of an opposition group in a country with an authoritarian government. Absent privacy, individuals in society have no means of survival when under the threat of oppressive regimes.” It is a harsh reality that many places in the world deal with extreme systematic financial inequality. Chepurnoy elaborates on this by asking the question:“How many times in human history have religious, political, or tribal conflicts led to one group in power forcibly taking the wealth of another less powerful group? How often is seizing financial assets used as an authoritarian control?” Our geographic borders, and respective economies, can have a significant impact on how we all perceive privac...
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Earning ERG in 2023 and Beyond
The Ergo blockchain uses a Proof of Work (PoW) consensus mechanism, known as Autolykos. Although Proof of Stake (PoS) has become very popular lately, deploying the Ergo network as a PoW blockchain was an intentional decision. As with any design choice, this involved tradeoffs: PoS prioritizes minimizing energy consumption, while Ergo’s PoW prioritizes security and decentralization. Within community forums, many newcomers who are familiar with PoS projects, like Cardano or Ethereum, often ask if they can stake their ERG to earn yield. While the Proof of Work model does not rely on staking to secure the network, the purpose of Decentralized Finance is to offer individual’s the ability to access financial tools that may help them earn yield, diversify their investments, or manage risk. Ergo’s goal is to provide organic and sustainable financial tools that do not introduce unnecessary fragility and risk into the economy, which is far too common in today’s crypto ecosystem. The following is a collection of current and future applications that allow users in the Ergo ecosystem to earn ERG: — Mining - The most conservative investment in all of crypto is mining. You can choose to sell the coins you earn, and your GPU’s will maintain their value over time. For example, an investment in mining equipment during 2021 would likely be worth more today than an investment in actual crypto because the price of GPU’s has not ...
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Ergo Platform 2022 Year in Review
What a year it has been for the blockchain industry. Many may look back on this year as a down year for the cryptocurrency sector, but for Ergonauts, it can be argued that 2022 was one of the best years yet. Turning only three years old this year, the Ergo Platform has already reached new highs in developer activity. Let’s take a look back at some of Ergo’s more notable memories from this last year. — EIP-27 - EIP-27 was proposed as a measure to ensure the crypto-economic security of Ergo’s long term viability. Because the original $ERG emission schedule was set to be completed within eight years of the mainnet launch, there was a concern that this did not leave enough time for the proper development of the Ergo ecosystem. How would the mining protocol be incentivized if block rewards ended before the network could reach a sustainable, critical mass of regular transactions? Ergo’s founder and core developer, Alex Chepurnoy, proposed a restructuring of the emission schedule such that a portion of the $ERG from each block would be transferred to a future emission contract. This reallocation of mining rewards ensures that the network will enjoy steady block rewards until approximately 2045. At which point, the blockchain’s daily transactions and Storage Rent feature should offer sufficient rewards for miners. For an overview of EIP-27 and the restructured emission schedule, please read the Ergo Foundation’s pub...
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Cold Wallet Explanation: Everything You Need To Know
What is a cold wallet? - Cold wallets allow for the offline storage of cryptocurrency, providing the strongest form of security and self-custody. Cold storage wallets can receive crypto without an internet connection, and some types of cold storage, such as hardware wallets, can sign outgoing transactions without directly connecting to the internet. Cold wallets are resilient against hackers, who require network access to hack devices. Hot wallets are more versatile wallets that are used to quickly transact and interact with decentralized applications. These wallets are stored and connected online, often as web browser extensions, allowing users to interact with the blockchain by signing transactions with a typed password. Examples include browser wallets such as Nautilus (Ergo) or Metamask (Ethereum), as well as centralized exchange (CEX) wallets. It is important to note that not all types of hot wallets are equal in their security assumptions. For instance, you do not own the keys of the exchange wallets you use, whereas you do own the keys to your private browser wallets. Having said that, all hot wallets are still open to vulnerabilities due to the fact that they are connected online. Hot wallets can be more versatile and convenient to use, but they are also more vulnerable to hacks. Users are encouraged to use cold wallets in order to maximize security and mitigate risk. — How does a cold storage wallet work? - ...
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Babel Fees on Ergo: How-To Guide
The Problem - Every blockchain requires a fee to fund transactions, and it is most often a blockchain’s respective coin that pays for transactions on the network. In the case of Ergo, every transaction requires a payment in $ERG. For those who are active within a blockchain’s ecosystem, there is often a desire to hold assets other than that blockchain’s coin. You may want to buy NFTs, or you may want other tokens native to the blockchain. Depending on a wallet’s holdings, the need to use $ERG to pay for transactions may create some complexities. What if the wallet does not have enough $ERG to fund a transaction where the user is trying to send a native token? This sort of scenario might discourage a person from using the chain because they cannot fund a transaction with $ERG. Based on the above scenario, it would be more convenient to pay for transactions in native tokens rather than $ERG. This is now possible with the introduction of Babel fees. — Babel Fees - With Babel fees, you no longer need $ERG to pay for a transaction. You can pay for the transaction using fungible, native tokens that have liquidity. Let’s take a look at how this new feature works on Ergo. — Providing Babel Fee Liquidity - Before using Babel fees, someone (or many people) must provide liquidity on the blockchain. They agree to buy the native asset for $ERG at some rate. To illustrate: Go to the Tokenjay site <tokenjay.app&g...
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What is a Mining Rig?
Introduction Since the inception of Bitcoin, mining rigs have played a pivotal role in securing and maintaining Proof of Work (PoW) blockchains. Although those who operate mining rigs are offering a service to the blockchain, they are often incentivized to provide this service through payments of the respective blockchain’s native coin. These computers perform complex computations via the respective consensus algorithm that then verify network transactions and data blocks. Depending on the blockchain, there can be a variety of mining rigs that will perform these tasks. What is a Mining Rig? The three most common PoW mining rigs are ASIC (Application-Specific Integrated Circuit), CPU (Central Processing Unit), and GPU (Graphic Processing Unit) miners, and it is important to note that one type of mining rig can not necessarily mine all PoW blockchains. With regards to ASIC miners, they tend to be used primarily for Bitcoin mining. There are several networks that are CPU mineable, but one of the more popular coins is Monero (although it can be mined with a GPU, it is more efficient with CPU mining). GPU mining has had a long history of mining Ethereum, however Etherum recently completed the transition from Proof of Work to Proof of Stake and is no longer a mineable network. Since the Ethereum Merge, many GPU miners have redirected their hashing power (hash is the measurement used for determining how much mining power a rig ha...
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Personal Thoughts PoW Post ETH
With a date set for ETH we move into an era. Many are asking what is next for GPU minable proof of work. I am frequently asked about what my thoughts are post merge as this is a major shift in the PoW... So here they are. Mining is a business and the profitability, risks, ROI, and cashflow are unique factors each person needs to individually access and manage. You will not find me trying to run in front of the crowd and try to sell miners on why ERG. The point here is to share my own thoughts. The GPU capacity coming from ETH is massive. GPU minable Proof of Work tends to be winner take all game. The collective hash rate that has grown over the years has led to an impressive hardware security barrier protecting the Ethereum network, only outdone by Bitcoin itself. What will that unwind look like? Well I don’t know the future, but here are my thoughts. The first assumption is that the current market (the remaining GPU minable coins collectively) is not currently structured to absorb this capacity. Therefore, mining profitability is a risk each miner needs to look at based on their own situation. Personally, I think mining will go through a consolidation phase first. It may not happen immediately but the overcapacity in supply relative to demand leads me to believe we will see this occur. The collective search for profitability may drive profitability and consolidate rewards to those who have the lowest carrying costs. Mine...
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Ergo: A Blockchain to Stand the Test of Time
When discussing cryptocurrencies, one must take into consideration which blockchains have the potential to be resilient and promote longevity. A blockchain must grow in its technological development on a consistent basis in order to stay relevant in an industry that is moving at a rapid pace. Ergo has always been a project that puts longevity at the forefront of its priorities, and it endeavors to be a blockchain that will provide real-world applications for decades to come. This goal is made possible through a combination of factors, such as organic community growth, technological innovation and development, prioritizing long-term growth over short-term growth, and ultimately, thoughtful planning. Organic Community Growth One way of measuring organic community growth can be through “the growth of your social media channels without paid advertising. It’s achieving your social media goals with your actions, for instance, by regularly engaging with your audience [and] building a community” (Databox.com, 2020). Most of Ergo’s marketing is grassroots and community led which fosters a community that genuinely cares about the project. In the article Long-term Success is Found in Organic Community Growth, Stan Peterson states that: “Such communities that bloom from an idea that everyone can believe in allow new markets and new crypto-based products to grow through trust in the fact that everyone is working towards the same...
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Blockchain for Beginners: What is a Blockchain?
Yup okay, I think I’m starting to get it. So, I can have fractions of a coin and they’re stored in my wallet, which is my own little corner of the blockchain world. I have 3.1415 Ergo in my Ergo Wallet which I control on the blockchain. But all of this is still on the internet. Can’t it just be hacked away from me? Come to think of it, what actually is a blockchain? Poignant point from my father. In previous publications, we have explained crypto wallets and coins. For the above average crypto user, you might find this a strange sequence to explain to someone, but in my experience, explaining blockchain to those with basic computer skills can be a daunting task. For those who may only have the computer literacy to format cells in Microsoft Excel, starting with “what is blockchain” can actually be a tough place to begin a discussion. I know from my own experience when “what is blockchain” was first explained to me, it sounded less like a financial/transaction system and more like a type of software or computer program for verifying niche applications on the internet. In truth, it is both of these things (on a general level), but its use in finance and commerce was not immediately apparent to me when I first learned about it. Starting with more practical concepts (practicality being a core tenet of Ergo) is often more productive. You will almost certainly see terms like decentralized, consensus, immutable, and ledg...
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 | ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Has...
Ethereum has officially transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) system after seven years of operating as a PoW blockchain. The Merge has forced ethereum miners to transition to other PoW-based tokens and after the ruleset change was codified, a handful of PoW coins compatible with the Ethash algorithm saw their hashrates skyrocket. Ethereum Classic's hashrate has tripled in size since The Merge was triggered by Ethereum's Paris Upgrade.5 Tokens Reap the Benefits of Ethereum's Leftover Hashrate
Ethereum, the second largest crypto asset in terms of market capitalization, now operates under a proof-of-stake (PoS) blockchain system. The Merge was triggered by the Paris Upgrade on September 15, at block height 15,537,391 at 2:42:42 a.m. ET. A few hours prior to The Merge, Ethereum's hashrate plummeted significantly, and a great deal of hashrate was pointed at Ethereum Classic (ETC).
During the early morning hours (ET) on September 15, ETC's hashrate was around 80.77 terahash per second (TH/s). Hours after The Merge on September 16, ETC's hashrate increased by 228%, jumping to the current 228.62 TH/s. ETC was the main beneficiary in terms of getting the most hashrate from Ethereum's forced transition from PoW to PoS. However, a handful of other tokens with similar hashing algorithms also saw a significant rise in computational power.
At the start of the day on September 15, Ravencoin's (RVN) hashrate was around 10.15 TH/s but the following day it...
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