1D
United States Dollar logo
USD
We’re first to list 90% of new cryptoassets. Get listed →
Ergo (ERG)ERG
$13.73
-15.34%
Ergo (ERG)
ERG Price
$13.73
-15.34%
Rank
#132
Market Cap (24H)
$595.94M
-15.26%
Volume (24H)
$8.67M
148.63%
Circulating Supply
43,389,501
Transp. Vol.
25%
Grade
C gradeC grade
1H1D1W1M1Y
+0.85%-15.34%-20.93%-7.02%+1,650.45%
Ergo is a blockchain protocol created to provide ordinary people with an efficient, easy, and secure way to implement fi...Read more
Ergo logo
ERG
United States Dollar logo
USD

Ergo Price (ERG)

ERG Daily Performance

Today's Ergo price is $13.73, which is down 15% over the last 24 hours. Ergo's market cap is $595.94M. 24 hour ERG volume is $8.67M. It has a market cap rank of 132 with a circulating supply of 43,389,501 and max supply of 97,739,924. Ergo is traded on exchanges. Ergo had an all-time high of $18.74 19 days ago. Over the last day, Ergo has had 25% transparent volume and has been trading on 53 active markets with its highest volume trading pairs being .

Want Daily ERG Price Updates?

  • Delivered when you want
  • Track additional assets & more
Privacy GuaranteedSecure Submission

This site is protected by reCAPTCHA and the Google  Privacy Policy and  Terms of Service apply.

Ergo Statistics

Summary
Ergo Price (24hr)$13.73 (-15.34%)
Market Cap$595.94M (-15.26%)
Trading Volume (24hr)$8.67M (148.63%)
Transparent Vol. (24hr)
$2.18M25% (140.08%)
Transparency GradeC gradeC grade(Fair)
Circulating Supply43,389,501 (44.39%)
7D Price Prediction
N/A
API Coverage
1st 1D CandleJul '17
1st TradeMar '20
1st OrderbookJan '20
Exchanges19
Trading Pairs53
Updated2 minutes

Price

$13.73
Price Change
-$2.4891 (-15.34%)

All-Time High

$18.74
Date of ATH9/2/2021
Days Since ATH18
% of ATH73.28%
Price vs ATH

Market Cap

$595.94M
Mkt Cap Change
-$107.29M-$107,287,924 (-15.26%)
Mkt Cap Rank132
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

43,389,501
Max Supply97,739,924
% in Circulation44.39%
% in Circulation

Volume

$8.67M$8,669,620
Vol. Change
$5.18M$5,182,619 (148.63%)
Exchange VolumeUnknown

Transparent Volume

25%
Transparent Volume (Δ)
140.08%
Transparent Volume
A - 25%
C - 73%
D - 2%
? - <1%

About Ergo

Ergo is a blockchain protocol created to provide ordinary people with an efficient, easy, and secure way to implement financial contracts and build dApps. Ergo’s primary focus is to make financial contracts efficient and secure so that people could use them in a decentralized manner without any prior trust.

Ergo blockchain features include contracts in the multi-stage extended UTXO model, Autolykos, ErgoScript, and an innovative fee model with a mandatory storage-rent component. The consensus protocol of Ergo is Autolykos based on the Proof-of-Work (PoW) algorithm to guarantee security and access to mining. Autolykos is an ASIC resistant GPU mineable algorithm. ErgoScript is an alternative coding language, which makes it possible to create more complex and more secure financial contracts and is safe against heavy validation attacks.

The Ergo token

The Ergo platform has its native token Ergo or ERG, which is important for the platform’s stability and security. It is subdivided into the smallest units, nanoErgs. A nanoErg is one-billionth of an ERG.

Users can acquire tokens by mining. To start mining you need an Ergo wallet, a compatible GPU, and a pool. The Ergo token is set up in a way that helps to prevent mining farms from shadowing people which means that users do not need expensive GPUs to mine it. Simple commodity hardware can easily mine Ergo. In other words, a regular user with a smartphone can join the network and use Ergo as a fully-fledged node.

However, the easiest way to acquire Ergo is to buy it. You can buy or trade ERG coins on such exchanges as Bitcoin.com, Changelly PRO, KuCoin, Gate.io, BiKi, and ProBit Global against BTC and USDT. Users can store ERG tokens on a desktop Ergo wallet with multisig and scripts support, Ergo wallet for Android devices, and Yoroi wallet.

With Ergo, there was no ICO or pre‐mine. Tokens are mined through a non-linear Proof‐of‐Work (PoW) algorithm called Autolykos v.2, which does not require access to private keys. Ergo does not have a block size limit. The block size can increase or decrease based on demand. However, it is limited to a certain growth rate to prevent overgrowth in a short period of time. The block interval is 2 minutes. Miners perform memory-hard computations and when a correct solution is found, they broadcast the block along with the solution and become eligible for the reward. After that, the rest of the network verifies the solution.

Ergo token emission is planned to be completed within 8 years. After that miners will only be able to receive ERG from fees. The final ERG supply will be 97,739,925 coins and no additional inflation will apply.

For 2.5 years since the launch, a portion of mining rewards has been allocated to the Treasury to support development and marketing. The total amount of Ergs received by the Treasury is 4.43% of the total monetary base.

Every Ergo coin is protected by a program in the ErgoScript scripting language. Users can select and encode the coins’ terms of use, such as who can spend them, when, under what conditions, etc. Pools also support ERG by increasing network decentralization and accessibility for potential miners. Miners can vote to determine key parameters including the storage rent fee, block size, maximum computational cost of a block, and how Treasury funds will be spent.

The Ergo native token is used by developers to pay storage rent and transaction fees. Storage rent will ensure mining stability and provide miners with long-term revenues after the token emission finishes. If output remains in this state for 4 years without being moved, miners may charge storage fees from obsolete boxes. This can prevent a decrease in circulating supply due to lost keys and forgotten coins. Besides, it encourages miners to secure the network and incentivizes consumers to purchase, use and save ERG coins if they want to continue using applications on Ergo.

Ergo’s team and partners

Ergo is designed by a strong team of researchers and developers with experience in compiler theory, cryptography, blockchain technology, core development, and cryptographic e-cash. Alexander Chepurnoy is the co-founder and lead developer of Ergo. He also publishes academic papers as an IOHK researcher. Dmitry Meshkov was the Ergo co-founder till October 2019. He led a full cycle of cryptocurrency project development till its release. He has also published several research papers at peer-reviewed conferences. Alex and Dmitry have been involved in several projects, including IOHK (a technology company).

Among the Ergo partners are some of the top exchanges and cryptocurrency data aggregators. Ergo has established strategic cooperation with Cardano on a DeFi project. Apart from the collaborative research, Ergo and Cardano are also partners of EMURGO, a technology company that provides Yoroi wallet for them. Ergo and Graviton have teamed up to improve interoperability between networks, provide wider liquidity mining opportunities and expand their global reach and value.

Read More

Ergo Markets

(Top 10)
Loading...

Ergo Historical Data

(Past 7 Days)
Loading...

Frequently Asked Questions

  • What’s the current Ergo price? How much is 1 Ergo worth?

    The price of 1 Ergo is $13.73. Over the last 24 hours, a Ergo is worth -15.34% less. Visit our currency converter page to convert ERG prices to currencies other than USD.
  • When did Ergo start?

    The earliest trading data for Ergo is on July of 2017 (based on current exchange data).
  • How high can the Ergo price go?

    Ergo’s price has gone as high as $18.74 (which is ERG’s all-time high). It achieved this price 19 days ago. Speculations abound for how high Ergo’s price will get in the future.

Today's ERG / Ergo News for September 20, 2021

Loading...

Similar Assets

(By Market Cap)
Loading...

Comments