Ergo Information

Ergo is an innovative blockchain platform designed to provide a flexible and efficient environment for decentralized applications and smart contracts. Its emphasis on security and scalability positions it as a promising player in the ever-evolving cryptocurrency landscape. With unique features that enhance user experience and developer functionality, Ergo aims to empower individuals while fostering a sustainable ecosystem.

Ergo

$1.59

Title : Ergo
Symbol : erg
Current Price $ : 1.59 $
High 24h : 1.62 $
Low 24h : 1.57 $
Price Change 24h : -0.024845399105221 $
Price Change % 24h : -1.53723 %
Market Cap : 126341898
Website : https://ergoplatform.org/en/
Community : https://ergoplatform.org/docs/whitepaper.pdf
Total Volume : 233474
Market Cap Change 24h : -1922594.9539731
Market Cap Change % 24h : -1.49893 %
Circulating Supply : 79390542
Total Supply : 97739924
Last Updated : 2025-01-21 23:51
All Time High (ATH) : 18.72
ATH Change % : -91.49578 %
ATH Date : 2021-09-03 00:00
All Time Low (ATL) : 0.094191
ATL Change % : 1590.38719 %
ATL Date : 2020-03-13 02:24

more information

Introduction to Ergo

Ergo is an innovative blockchain platform designed to provide a secure, efficient, and accessible means of managing decentralized applications and smart contracts. Launched in 2019, Ergo aims to address various limitations found in existing cryptocurrencies, particularly in terms of scalability, security, and ease of use. Its native token, ERG, plays a crucial role in the platform’s ecosystem, enabling users to participate in governance, transaction fees, and more.

Historical Price Performance

Since its inception, Ergo has witnessed significant fluctuations in its price. The token reached its all-time high (ATH) of $18.72 on September 3, 2021, driven by increased interest in decentralized finance (DeFi) and smart contracts. However, like many cryptocurrencies, it experienced a substantial decline and, as of now, is trading at approximately $1.32. This represents a staggering drop of over 92% from its ATH, but its all-time low (ATL) was just $0.094, indicating a remarkable recovery with a 1298% increase from that point.

Technical Architecture and Features

One of the standout features of Ergo is its unique proof-of-work mining algorithm, which is designed to be ASIC-resistant. This approach promotes decentralization by allowing everyday users to participate in the mining process. Moreover, Ergo employs a novel use of ‘proof-of-knowledge’ that enhances security while allowing for a more efficient verification of transactions. Its smart contracts utilize a special programming language called ‘ErgoScript,’ which strives to be user-friendly while maintaining the necessary complexity for advanced applications.

Pros and Cons of Ergo

Like any cryptocurrency, Ergo has its own set of advantages and disadvantages:

Pros:
- Innovative technology designed to ensure security and scalability.
- Strong community support and development activity.
- A focus on accessibility for both users and developers.
- Indicates potential for growth based on past recoveries from lows.
Cons:
- High volatility and the challenge of recovering from significant price drops.
- Limited market adoption compared to more established cryptocurrencies.
- Potential technical challenges in attracting developers to its unique ecosystem.

Future Prospects of Ergo

Looking ahead, the potential for Ergo remains promising. The increasing interest in decentralized applications and the need for robust platforms could favor Ergo’s growth. Its unique features, such as the ASIC-resistant mining and user-friendly smart contracts, may well cater to a growing demand for more accessible decentralized solutions. However, Ergo must continue to expand its community and developer base to compete with existing giants in the crypto space.

Conclusion

In conclusion, Ergo represents a forward-thinking approach to blockchain technology, with a clear emphasis on security, decentralization, and ease of use. While the road has been rocky with significant price fluctuations, the fundamentals of the project paint a picture of potential. As the cryptocurrency landscape evolves, Ergo could play an increasingly important role in the ecosystem if it can maintain its innovative edge and grow its user base.

Learn More

To find out more about Ergo, visit the official website at Ergo Platform or check out the comprehensive whitepaper to better understand its technology and vision.

General Information
from price $2
Title Ergo
Symbol erg
Whitepaper -
Website https://ergoplatform.org/en/
Community https://ergoplatform.org/docs/whitepaper.pdf
Last Updated 2025-01-21 23:51

Price Data
Current Price $ 1.59 $
High 24h 1.62 $
Low 24h 1.57 $
Price Change 24h -0.024845399105221 $
Price Change % 24h -1.53723 %

Market Data
Market Cap 126341898
Total Volume 233474
Market Cap Change 24h -1922594.9539731
Market Cap Change % 24h -1.49893 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 79390542
Total Supply 97739924
Max Supply -

Historical Data
All Time High (ATH) 18.72
ATH Change % -91.49578 %
ATH Date 2021-09-03 00:00
All Time Low (ATL) 0.094191
ATL Change % 1590.38719 %
ATL Date 2020-03-13 02:24