Ergo Crypto Price Prediction, Value and Chart (ERG)

Ergo (ERG) Frequently Asked Questions

What is Ergo?

Ergo builds advanced cryptographic features and radically new DeFi functionality on the rock-solid foundations laid by a decade of blockchain theory and development. Ergo is the open protocol that implements modern scientific ideas in the blockchain area. Ergo operates an open contributor model where anyone is welcome to contribute. EFYT (Ergo First Year Tokens) served the dual purposes of helping to build an early community of stake holders and enthusiasts for Ergo and of raising a small amount of funds for the platform before launch to fund development, promotion etc. EFYT is strictly a Waves token and is not the same as an ERG, which is the Ergo mainnet native token mined after Ergo’s mainnet launch. EFYT were swapped with a fraction of the ERG mined within the first 1 year post mainnet launch (July 1st 2019) (Description provided by CryptoCompare)

How do I buy Ergo?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Ergo.

Where can I get Ergo wallet?

Ergo produces its own wallet software that is available for download on its website, which allows you to store Ergo on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Ergo?

One Ergo (ERG) is currently worth $3.11 on major cryptocurrency exchanges. You can also exchange one Ergo for 0.00012432 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Ergo in U.S. dollars is $99.60 million.

What hashing algorithm does Ergo use?

Ergo is a proof of work (PoW) coin that uses the Autolykos algorithm.

How do I mine Ergo?

Ergo can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a Ergo and access to a mining pool that pools your effort with other miners and a wallet to store the Ergo that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.