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Deciding which crypto is right for your portfolio can be challenging when there are hundreds of options from which to choose. One project you might want to consider is Ergo, which is designed specifically to bridge the gap between Ethereum and Bitcoin. Investors have shown substantial interest in this altcoin, and it’s currently at a healthy price. If you’d like to place some of your money into ERG, it would behoove you to have a solid understanding of the Ergo platform and its many features.
Ergo is a type of secure blockchain based on decentralized finance (DeFi) functionalities. Its purpose is to combine the best features of Ethereum with those that Bitcoin has to offer.
The project is outfitted with a proof of work (PoW) similar to the consensus protocol that Bitcoin uses to ensure its network is secure and smart contracts are available to accommodate DeFi. The security features were taken from Bitcoin, while the smart contracts and decentralized features came from Ethereum. If you want to mine Ergo tokens, this platform uses a protocol referred to as "Autolykos," which is a substantially modified version of the Bitcoin mining protocol.