Alex Chepurnoy
@chepurnoy
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aka kushti, core dev of Ergo Platform ( @ergoplatformorg ). Cryptography, blockchain, research. Prev: Nxt,,IOHK Papers coauthored:
Joined October 2009
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Thanks for the mentions
@IOHK_Charles
, Ergo is always happy to collaborate to help advance eUTxO.
Be sure to pass our regards to Bruno, excellent work as always.
Also congratulations on the recent smooth transition to alonzo white.
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Ergo will be Proof-of-Work, with innovative financial applications for miners in particular already exist & there will be more. I do not see how anyone can compete with Ergo here.
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Can you prioritize listing of normal cryptocurrencies then over centralized overhyped "blockchain projects" with bad design ?
1. At
#Binance
we prioritize user protection. We made the decision to suspend LUNA and UST trading. Here's why.
A thread 👇
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Take as much control over the Ergo ecosystem as you possibly can.
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Thanks
@IOHK_Charles
! Yeah, it becomes a mystery
@IOHK_Charles
"I cannot for the life of undertand why Ergo is not in the top 15, top 20. With what it's accomplished and what they've done.
Doesn't matter, they don't get liquity.
Don't know why. I really don't. Especially given all the other stuff that gets it."
#ERGO
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Bitcoin is unstoppable money. Ergo is unstoppable money and financial system.
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Ergo node is going to get biggest updates since the mainnet launch: bootstrapping with UTXO set snapshot and nipopows (by me), optional indexes for explorer-like queries (by fanta)
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Sad to see Bitcoin sidechains with EVM , means a lot of hacks, flashloan attacks etc there. Better DeFi with Ergo and Sigmachains to the rescue!
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Do not forget that the main point of cryptocurrencies is about creating money with no trusted parties. Which is even more problematic than giving privacy back to users.
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In the middle of a drama, another loan to Kenyan cooperative has been provided, with 42% of the loan amount taken from repayments of previous interest-free loans. Let's not forget why are we here.
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There will be only 97.74M ergs issued. More than 60% of it already mined.
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So nice to see RVN folks digging into the Ergo protocol. I am sure many will stay here.
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Every day some bank is failing. At the same time, Kushti's Self-Sovereign Bank (KSSB) on top of autonomous solid money works normally with perfectly known trust assumptions and risk profile
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Under the hood, SigmaFi ( ) has beauty UTXO-centered design: every bond is p2p contract, there is no central contract to pause or hack everything, not hard to augment existing bond contracts with new ones.
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Ergo Platform Reference Client 3.2.3 released !
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"Long-term vision for Ergo" (my personal thoughts just)
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In few years Ergo will be hyperconnected blockchain, with many bridges, sidechains, relays etc
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Tested NiPoPoWs with stateless mode, works well. Config example (storage after bootstrapping ~100Mb):
ergo {
networkType = "mainnet"
node.stateType = "digest"
node.blocksToKeep = 1440
node.nipopow.nipopowBootstrap = true
}
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Having emission stated explicitly in a contract is helping with making emission logic observable, cleaner and testable, which, in turn allows to avoid emission bugs like ones happened in Bitcoin and Ravencoin
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Officially halted blockchain ???
The Terra blockchain was officially halted at a block height of 7603700.
Terra validators have decided to halt the Terra chain to prevent governance attacks following severe $LUNA inflation and a significantly reduced cost of attack.
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Any chance Binance will stop listing crappy tokens like Serum in a rush ?
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Artifical Economic Intelligence On (Ergo) Blockchain
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Ergo-centered applications (Ergo Mixer, SigmaFi, Oracle pools, ChainCash, Lithos etc) are about peers (or even p2p networks) making agreements via lean on-chain contracts
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"We are pleased to inform you that your research paper:
"MONEY CREATION WITH ELASTIC SUPPLY VIA TRUST AND BLOCKCHAIN ASSETS IN GLOBAL DIGITAL PEER-TO-PEER ENVIRONMENT" has been
ACCEPTED for full paper submission and oral presentation at the RAMICS2024 conference..."
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Ergo protocol reference client 5.0.13 released
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"According to a report, Solana founder Anatoly Yakovenko said in a tweet message that Serum's original key may have been compromised with the FTX hack, and developers are working on forking Serum's code."
Note, does not have keys
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L1 scalability plan was broken since day 1, incomplete and useless GHOST component, weird design of authenticated state, no stateless clients support there, unsuccessful attempts to introduce storage rent etc
Ethereum was everything that I wanted Bitcoin to become; ever since I discovered it in 2013
ETH was fulfilling Bitcoin's promise of security & scarcity combined with DeFi!
Scaling without sacrificing decentralization!
That is until ETH pivoted away from L1 scaling last year...
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We are looking for security researchers to perform audit of Ergo's p2p code around December. Please reach us @ team
@ergoplatform
.org
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It was quite obvious to me even few years ago that programmable money should be emitted by a program. So emission contract was one of the earliest (and can be found in the ErgoScript WP). Surprisingly, still shocking for many newcomers.
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Both, but we are not scammy enough it seems
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How can things published in the whitepaper before the mainnet launch be a secret? Yes, ERGs are locked up in contracts, unlike Bitcoin and its forks which do not have expressive contracts, and so emission hardcoded in client code (which is worse for many reasons, e.g. RVN fork)
Wtf
#Ergo
?
How has this been kept secret?
Seriously. Wtf $ERGO?
Are there’s accurate statements?
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A kind reminder
Take as much control over the Ergo ecosystem as you possibly can.
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Most of today's DeFi is just a simulation of rent-economy's financial sector (i.e. status quo). For the Ergo alternative, the goal I think is about using markets where it makes sense (and only there), and connect DeFi to the real world
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Meanwhile, it seems 5.0 soft-fork has enough 90+% hashrate support, so activation is expected in about 45k blocks. It will provide big boost to tps, tooling, and simplify many contracts.
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True, it is a greatest pleasure to work for such a community.
One of
#Ergo
’s greatest strengths is the community of
#Ergonauts
! This project is built for you and we are focused on making Ergo equitable for everyone - for all present and future Ergonauts!
#DeFi
#crypto
#money
$ERG
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And that's just the beginning of realizing eUTXO cuteness
It's almost as if this EUTXO thing is a really good idea or something.......
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There's nothing unnecessary in Ergo design. PoW, scalability solutions (stateless clients, NiPoPoWs), storage rent, gas-less contracts in the UTXO model - you can't remove or change any part of the equation without seriously reconsidering security assumptions.
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Scam artists, just stop to spread APY lies at this point. Try to tell something about risk profile of your "projects" instead.
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Ergo's transaction validation protocol tries to be leanest government possible. Thus it does not care about tx fee, it does not even know about it. Tx fee is a result of agreements between nodes in the network & between miners and users
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Network of Ergo nodes, offchain bots (DEX matchers, financial instruments issuers), ChainCash servers in future is basically unstoppable digital free banking system. Good reading list on free banking can be found at
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Good to see some Ergo team members from 2018 coming back. Also, so many new developers, hard but happy days.
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Finally, provided an interest-free loan to Kenyan cooperative using EXLE beta interface!
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If you think you understand money, you don't understand money.
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As a reminder, do not hold on CEXes. Prefer DEXes over CEXes. Use trust-free DeFi tools.
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"SigmaBonds is a decentralized, P2P bond protocol built on the Ergo blockchain"
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Recently, a paper on 2 novel layer-0 attacks on pre-merge Ethereum (and so, ETC / EthPoW) cients appeared . Ergo ref client is immune to imaginable variants of both attacks. No random PoW validation, different ghost sidechain processing & no master peer
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ErgoHack IV is just mind-blowing. Like 5 or 6 projects I am willing to check details about
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After activation of 6.0 Sigma update soft-fork, efficient trustless Ergo hashrate derivatives will be possible
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Next node release will have much improved bootstrapping, especially in regards with memory footprint (got full sync done with 1GB limit and heavy profiling attached)
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Ergo Platform moving towards being true community-driven Proof-of-Work cryptocurrency, now "Team" page is replaced with "Hall of Fame"
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ChainCash whitepaper has been massively updated: , would be happy to get feedback!
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Toxic greed eth ecosystem is based on since The DAO contributed a lot to the Scam Bankster-Fraud
Automatically downgrading every single thing SBF believed in is an error. It's important to actually think and figure out which things contributed to the fraud and which things didn't.
Don't be the guy who would have tried to cancel vegetarianism in 1945.
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First outgoing multisig transaction signed by cooperative of Kenyan farmers , using Minotaur wallet
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The World Needs For More Collateral
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On height 1,044,479 nodes on v. 5.0.12 taken the first UTXO set snapshot. Thus bootstraping with UTXO set snapshot is unlocked in the mainnet now.
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ChainCash code (and very early whitepaper draft) done during the ErgoHack
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During the ErgoHack VII we've proven (with real contracts) that for Ergo <-> Ergo-like sidechain transfers can be trustless (so security is reduced to consensus issues).
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On July, 1st, we'll have 5th Egversary, with another online event focused on future of Proof-of-Work and next 5 years of Ergo ecosystem growth
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ErgoPad staking contracts successfully deployed is the whole new level in exploring eUTXO possibilities
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Just imagine the world where money supply is defined by individual settings in peer-to-peer network(s)
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A Kenyan cooperative is repaying (interest free) loans on time ! . With on-chain transparency, EXLE loans would set a new standard for charities.
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More hard lessons in decentralization are coming
JUST IN: 🇫🇷 Telegram Founder & CEO Pavel Durov arrested in France.
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Such wow. Rare chance to learn from some world's biggest scammers in one day
Breaking🚨:
SBF has just CONFIRMED that he will be speaking next week at the New York Times Event
Other speakers? Well The President of Ukraine, Larry Fink, Janet Yellen, Mike Pence, & more.
And the cost to attend? - $2,400
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Exploring and helping to explore programmable money possibilities, to pave the future of PoW mining in particular. However, RVN is absolutely helpless about that.
#Ergo
What are you doing to celebrate Ravencoin’s fifth anniversary this month?
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First step towards doing contracts and apps on Ergo with no coding!
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Happy 14th Bitcoin mainnet anniversary! Bitcoin was an inspiration. And a Bitcoin block id was used in proof-of-no-premine generated during Ergo mainnet launch ceremony.
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CCIP (ChainCash Implementation Proposal)
#1
draft for basic on-chain contracts has been published
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Ergo was specifically designed for making new classes of monetary systems on top of it, such as LETS and ChainCash, with p2p interactions, and p2pFi instruments like SigmaFi or SigmaO (or exchange tools like TradeHouse)
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Oracle Pools 2.0 client released , 2.0 protocol description
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Next version of the ZeroJoin protocol (ErgoMixer is implementing) will provide possibility to anyone to profit from mixing coins, with mixer privacy preserved via a stealth address scheme
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The Ergo Summit will mark the beginning of a new era with storage rent in action and aggressive emission reduction
Around 4th Ergversary (on July 1st) it will be another online Ergo Summit . What do you what to get out of it?
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Wanna touch the future with programming money in a hack-minimized and logical way? Learn ErgoScript by reading example smart contracts powered by the Ergo Playground:
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ChainCash is a base layer for collaborative finance
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"Not your keys, not your coins" does not hold for ofac-compliant blockchains
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Ergo is still open for everyone and still GPUs powered
@kr00tmantech
I was sold on the pushback against banks and governments. All it is now is an industry run by the same type of people keeping the general public out of it
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Around 4th Ergversary (on July 1st) it will be another online Ergo Summit . What do you what to get out of it?
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Ergo reference protocol client 5.0.17 released!
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Ergo scalability updates
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Ergo protocol reference client 5.0.12 released!
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Ergo protocol reference client 5.0.13 supporting headers-chain bootstrapping via NiPoPoWs is finalized and under review now
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Will add some applications on top of the Ergo blockchain (oracles, dex, etc) and publish as PDF later
Know Your Assumptions - on security assumptions used in Bitcoin and Ergo protocols
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Dexy public testing data:
LP UI:
Bank UI:
Testnet Nautilus is needed:
Please provide feedback over
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Just created TG chat to discuss design and deployment of DexyGold, an algorithmic gold-pegged stablecoin, and corresponding oracle pool. Please join!
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Future of Bitcoin's security budget is more and more unclear with time, security budget in every PoS is based on endless emission, only in Ergo future of security budget is based on storage rent (aka demurrage aka vault fee), as well as endless emission of secondary tokens
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Interesting to see Autolykos2 being used outside of Ergo. And with support for custom Autolykos2 proof check coming to ErgoTree(/Script) , that would mean possibility to build efficient Blocx relays on Ergo!
🎉 BLOCX. transition to a New Era! 🎉
We're thrilled to announce a major shift at BLOCX. We're changing our hashing algorithm from X11 to Autolykos2, paving the way for full GPU friendly mining! 🚀
Here’s everything you need to know:
🔸Why Change?
- Decentralization: ASIC
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Ergo node is not affected by log4j (CVE-2021-44228) vulnerability.
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Bank & LP UI testing for Dexy testnet contracts is going well!
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Reminder, no reentrancy hacks possible on Ergo
liquidity management protocol Visor was attacked again by hackers. Hackers withdrew more than 8.8 million VISR tokens and sold them on Uniswap, causing the VISR tokens to plummet by nearly 95%, and it has used Tornado laundering
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During the upcoming Ergversary, Cipher from
@NervosNetwork
community, Author of the RGB++ Protocol and Founder of CELL Studio, will present a talk on “UTXO STACK: The Bitcoin Native Extension Stack"
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Some mind-blowing PoW research from academia will be presented. Stay tuned!
On July, 1st, we'll have 5th Egversary, with another online event focused on future of Proof-of-Work and next 5 years of Ergo ecosystem growth
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Sold my first options on . Better to understand them via experiments. Group to discuss SigmaO
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