Ergo Joins BPSAA as New Alliance Member
Ergo is a blockchain platform offering smart contract solutions for the decentralized finance sector. Based on Sigma protocols, Ergo's highly customizable applications are easy to implement right out of the box. This methodology harnesses the power of zero-knowledge proofs and enables ring and threshold signature functionalities. With these fundamentals, Ergo has built a trustless, non-interactive mixer for coins and tokens.
Ergo utilizes a decentralized governance system to ensure key blockchain updates without controversial hardforks. Ergo uses the Autolykos Proof-of-Work consensus algorithm, with block rewards ending after 8 years and a maximum supply of 97,739,925 coins. The algorithm offers a novel storage rent feature which provides miners with long-term revenues. To ensure economic viability, project development and marketing are funded in part, by a nominal portion of the mining rewards. This is managed by the Foundation and will continue for the first 2.5 years.
The BPSAA is at its core, a think tank. The founding members, Pirate Chain, Turtle Network, Sentinel and Ether-1 established the alliance based on a shared desire to collaboratively improve the blockchain ecosystem. In addition to the increased brain trust, intangible benefits to alliance members include shared resources, augmented expertise and a potentiated voice empowering the opinions and efforts of the group.
There are numerous mutual benefits with Ergo's addition. First, Ergo's team adds extensive experience in blockchain core development to the BPSAA. Together with current cadre of 14 well experienced developers shared amongst the alliance founders, Ergo's team will increase the pool size to 23. Next, Ergo's decentralized exchange (DEX) and mixer technology will be a great addition to the vault of privacy solutions being curated by thr BPSAA. Furthermore, all BPSAA members will be added to the upcoming Ergo DEX platform.
Find out more about the members of the BPSAA here: https://bpsaa.vision/