GATE.IO LISTING FOR ERG IMMINENT

[Anonymous No.23054962]

https://twitter.com/ergoplatformorg/status/1313154995387355137?s=21

[Anonymous No.23054981]

>Ergo is a PoW cryptocurrency and DeFi platform, building on the first principles of Bitcoin. With a research-driven but practical development model, Ergo has prioritised useful features without compromising on security. The platform’s smart contracts are built on the extended UTXO model, offering a radically different approach to other implementations, and provide unique, flexible cryptography based on privacy-centric Sigma Protocols. Off-the-peg use of ring and threshold signatures powers non-custodial and non-interactive dApps. Additional features include storage rent for long-term survivability, and ultra-efficient light clients.
>Ergo Platform’s native token, ERG, is used to pay all transaction fees for transfers and smart contract execution. Storage fees are also charged on dormant accounts, providing ongoing incentives for miners even after block rewards end. This new economic model ensures a sustainable network.
>One of Ergo’s unique contributions to DeFi and dApps is powerful, safe scripting with a focus on privacy. While ERG functions as the core token and will likely be used for stablecoin collateral and many other applications, custom tokens can also be created. Ergo’s Sigma Protocols have already been used to facilitate non-interactive and non-custodial mixing for both ERG and other Ergo tokens. Ergo tokens can be distributed to miners and other ecosystem stakeholders using logic defined by smart contracts, including built-in PoW-style emission schedules.

[Anonymous No.23055046]

That has to mean gate.io right?? Top 5 exchange according to coingecko. And with yoroi integration almost complete according to devs in telegram. This is going to moon.

[Anonymous No.23055067]

[Anonymous No.23055255]

>>23054962
Where i can buy it? All exchanges low volume.

[Anonymous No.23055298]

>>23055255
Hotbit or Tidex until for now have the most available for sale

[Anonymous No.23055336]

Looks like it’s being added to gate.io

[Anonymous No.23055361]

[Anonymous No.23055417]

[Anonymous No.23055536]

If you anons just knew how big this will be...

[Anonymous No.23055596]

Poop exchange for a poop project

[Anonymous No.23055634]

>>23055596
Top 10 exchange, lol.

[Anonymous No.23055696]

shitcoin scam. LINK will dominate the oracle space, ERG is just piggybacking off the success of their betters. Cardano partnership is fake news, they're going to let ERG test their oracle netowork and copypaste the code to ADA. imagine buying a shitcoin endorsed by this cucklord.

[Anonymous No.23055760]

>>23055696
OBEY

[Anonymous No.23055847]

>>23055696
How dense are you? You have clearly never joined their telegram group. Also one of the founders of erg worked with Sergey this is the farthest thing from a scam. Your just a link marine trying to fud any project in the same space.

[Anonymous No.23055995]

>>23055760
>>23055847
telegram trannies tongue my anus

ERG doesn't have a chance. should give up on oracles and invest in kneepads

[Anonymous No.23057447]

>>23055696
Keep telling yourself that. You are holding biz' bags at this point. A that is token literally not needed.

[Anonymous No.23057882]

CL vs Oracle Pools

>Oracle Pools use the base cryptocurrency of the blockchain for funds/payments/stake. This means they do not require anyone to purchase of use an extra token like LINK which provides no value to either end users or the oracles themselves, but instead makes adoption needlessly more complex.

>By design, oracle pools divide time into epochs where oracles must post within. This provides a framework for building a lot stronger incentives for ensuring datafeeds are updated on a schedule, making collusion less profitable, and thereby allowing for more trustworthy datafeeds.

>Similarly, epochs provide a perfect way to implement disincentives, such as stake slashing (oracles joining a pool have to put up collateral to join). ChainLink aggregators do not have this at all currently (with only promises that it will be implemented), and their design makes it more challenging to encode them. Oracle pools are designed specifically to improve the assurance of oracle data, thus incentives and disincentives fit in perfectly. We have already started to write informal specifications (and contracts soon) making them a palpable reality rather than just an idea in someone’s head. (Also all stake is in the blockchain’s native currency, rather than a custom token like LINK)

>An oracle’s job inside of a pool is to source and guarantee that external data is posted onto the blockchain in timely manner. This is a job that has actual value, and makes 3rd parties who aren’t the source of the data actual valuable participants. This is a consequence of the epoch design of oracle pools which doesn’t exist in ChainLink. Thus for datafeeds, ChainLink oracles are effectively useless middlemen that simply take a cut, which in Oracle Pools the oracles themselves are performing the equivalent of a timely delivery service.

[Anonymous No.23057914]

>Oracle pools have multiple approaches for incorporating governance (ChainLink has none). Furthermore oracle pool governance is very flexible and has a stronger impact than ChainLink’s passive reputation system. This means that oracle pools can use internal governance where individual oracles (who all have a game theoretic incentive to act well in order to earn money) vote on parameters/the list of oracles, or an external governance DAO which distributes the responsibility to a large number of DAO members can be used too. Due to the longevity of oracle pools, an external reputation system isn’t required, but instead direct action can be taken through the governance mechanism to immediately improve the quality of data and remove bad actors. This direct approach provides immediate effects which has a much greater impact for the end-user (furthermore a reputation system can still additionally be built on top if so desired, where if any oracle is kicked out of one pool their global reputation decreases).

[Anonymous No.23057977]

>Oracle pools provide greater sybil attack resistance and general assurance because the individual oracles part of the pool willingly co-ordinate and come together in order to launch their oracle pool. ChainLink’s more individualized approach to oracles tied with a bidding process is akin to hiring mercenaries/thugs who have no allegiances and are prone to mutiny at the drop of a dime if it benefits them (and in this case you can’t tell if the different groups of thugs you’ve hired aren’t actually conspiring together and/or the same person). Oracle pools in this point of view, can be viewed more as a cooperative of oracles who know each other and have aligned incentives together with a common goal. They are significantly more likely to perform their job as expected, but if they don’t, disincentives and governance are in place to ensure they are severely penalized and removed. This is a shift in core philosophy of how oracles are chosen with a focus on using market dynamics between competing oracle pools, rather than competing individual oracles. And with this, a lot more assurance is provided to the end users.

[Anonymous No.23058008]

>Thanks to extended UTXO, we can construct arbitrarily large oracle datapoint hierarchies of confidence easily which make it possible to have pools of pools (continuing to higher tiers as well) and thereby scale accuracy upwards at the cost of price/speed. This isn’t possible with ChainkLink’s design, because oracles are inherently sole actors, and there is no design for aggregating aggregators, and having that scale. Furthermore, the lack of the UTXO model prevents such hierarchies from working well at all. The accumulation of data upwards through the hierarchy and the dispersal of funds from the top downwards are both an order of magnitude more complex to perform (and likely more prone to bugs/errors), which translates to higher costs and making it an open question whether it is viable at all on an account-based model.

>Furthermore, datapoints generated by an Oracle Pool (on a UTXO system with data-inputs) are accessible by anyone at next to no extra cost. This means that they can be used by any dApp on the blockchain easily, thereby making oracle pools much more like a public good. Thus even small “p2p” smart contracts between two individuals (say in Africa who can’t afford paying for oracle data explicitly) can still have access to vital oracle datafeeds. This is something extremely novel, and quite exciting in my book.

>It is trivial for a dApp to use datapoints from multiple oracle pools in a single tx. Allows for more complex DeFi dApps to come about while still being reasonably priced.

[Anonymous No.23058045]

>Because oracle pool datapoints can be used by anyone on the chain after they are produced, that means everyone on the blockchain has an incentive to submit funds to said oracle pool to keep the datafeed going. Thanks to the UTXO model, this can be very done very easily in a passive manner where dApps require users to create an extra output UTXO in their tx which goes to an oracle pool and contains a very small amount of funds (ex. $0.05 equivalent). These tiny amounts are barely felt by the users, yet they accumulate quickly and provide a steady stream of funds for the oracle pool to ensure it continues to run smoothly. Thus oracle pools provide us with a whole new experience, where users passively fund oracle pools and thereby produce datafeeds that essentially become a public good.

>Because oracle pools have longevity and are easy to fund, the blockchain ecosystem can focus on building key permanent oracle pools with incentives/disincentives in place, together with baked-in governance for parameters + entry into the oracle pool (which aids in ensuring sybil attack resistance by actors involved). Thus we can create trustworthy oracle datafeeds that anyone on the blockchain can use. This is a vastly different vision than what ChainLink is attempting to build, and in my opinion much more exciting. Our approach is more targeted/opinionated, and together with the extended UTXO model, provides a number of benefits that are completely novel.

[Anonymous No.23058220]

Ajsj

[Anonymous No.23058280]

>>23057882
>>23057914
>>23057977
>>23058008
>>23058045
i'm not reading all that

[Anonymous No.23058332]

>>23057882
>>23057914
>>23057977
>>23058008
>>23058045
DR;NB

[Anonymous No.23058727]

>>23058280
>>23058332
The saddest cope. You hate to see it.

[Anonymous No.23058933]

>>23057882
Chainlink is scum, why even compare?

[Anonymous No.23059021]

>>23058933
Trying to help inoculated anons who are holding biz' link bags rn