If you are a developer or know anyone who codes, the Ergo team is currently looking for talented coders to join its second ERGOHACK! The application deadline for the ERGOHACK II is September 15, 2021 and applications can be submitted via ergohack.io.
After the great success of the initial ErgoHack in June 2021, ERGOHACK II will take place from October 8-10. This hackathon will focus on the theme of social transformation as it relates to the mass adoption of blockchain.
Proof-of-Work (PoW) Blockchain Ergo
Ergo is a Proof of Work (PoW) blockchain and it deploys decentralized applications (DApps) through a powerful and protocol-friendly native scripting language, ErgoScript. Just like Bitcoin, Ergo has digital scarcity and the total supply of ERG (approximately 97 million) will complete its emission schedule eight years after its mainnet launch.
Ergo, as a unique smart contract platform, enables more innovative and targeted economic implementations that the conventional banking sector cannot achieve. How? By offering powerful tools with smart contract-powered microcredit facilities. These include a Local Exchange Trading System (LETS), a mutual credit association in which individual members can trade in a local currency. All loans taken within LETS are recorded in a distributed LEDGER to ensure transparency and accountability.
