Ergo continues to establish itself as a leading choice for cryptocurrency miners
This fall, the Ergo Foundation will be hosting the fifth edition of the highly successful ErgoHack series. This latest hackathon will be held from October 3-20, 2022, and will be offered jointly with flowAnd the Aliphos and the grandfather alliance. With the Ethereum Merge expected to roll out this fall, this ErgoHack aims to inspire developers and entrepreneurs to explore projects as they relate to mining and rail with the potential for cross-chain development and distribution (for example, consider the ways your project can benefit from the tools in these other block chains). Please note that although the topic of the hackathon deals with mining and railroading, any and all project proposals are welcome to be submitted.
As a Tier 1 blockchain, Ergo is one of the most active platforms in terms of developer activity – it consistently ranks among the top in this category on Stack. Ergo hacks have become a hallmark of the platform over the past year, and previous ErgoHacks have spawned some of the most widely used dApps currently in the ecosystem. With the upcoming Ethereum Merge, there will be countless miners looking for new cryptocurrencies to mine, and Ergo is preparing to receive a large number of these miners. The Ergo platform is ideally placed to provide miners with many technological innovations in the Proof of Work mining industry (eg storage lease, governance responsibilities, etc.). Ergo is already starting to see an increase in hash migration with the network hash rate increasing over 250% since the beginning of August.
Focusing on the future of Proof of Work mining, ErgoHack V: Mining and Minting will primarily focus on creating dApps, tools, and infrastructure to attract miners who will be looking for new cryptocurrencies to mine after the Ethereum merger. Those who wish to take part in this exciting opportunity are welcome to visit ErgoHack website For details on how to apply. The ErgoHack V prize pool is also the biggest yet! Awards include:
- First Prize – 10,000 USD
- Second Prize – $6,000
- 3rd Prize – 2k SigUSD
Additional prizes from co-submissions will include 1800 DACAU (Gedad Alliance Contribution Accounting Unit), 20,000 DACAU, and more!
Ergo sets a new standard in the evolution of Proof of Work blockchains. Together with our partners, participants are invited to help us build the future of blockchain and explore the possibilities of cross-chain publishing. Are you ready to help build the future? visit Ergo Platform For more information about Ergo and get ErgoHack App It started today!
ErgoHack V . Sponsors and Providers
Ergo is a solid proof of work, smart contract platform built on the eUTXO model with several technological innovations, including NIPoPoWs, Storage Rent, Sigma Protocols, ErgoMixer, SigUSD, and sub-cluster mining to name a few. It was just launched with no pre-mining, no pre-allocation of tokens, and no venture capital partnerships. The entire supply of ERG tokens was reserved for the mining consensus, with the exception of a small portion (4.37% of the total supply) that was sent to the Treasury to be spent on strengthening and developing the Ergo blockchain. The team behind the project represents some of the greatest minds in blockchain development, with many years of experience and countless academic papers to their credit. At the time of writing, the ERG token is up over 195% from mid-July 2022.
JED is an officially crypto-backed, stablecoin protocol. Ergo’s main stablecoin, SigmaUSD, is publishing an open source implementation of this protocol. The GED Alliance is overseeing the development and growth of the JED protocol, with the goal of stabilizing the cryptocurrency industry.
Alephium is the first operational scale for L1 split blocks and optimized for PoW and UTXO concepts. Decentralization, autonomy, and security meet high performance, accessibility, and energy efficiency in a scalability-friendly network optimized for DeFi applications and smart contracts. For more information, please visit the website Alephium website.
FLUX Flux is building a new generation of decentralized and scalable cloud infrastructure. Web3 development, Flux offers advantages such as redundancy, interoperability, decentralization and cost efficiency. For more information, please visit the website Flux’s.
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