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Ergo Takes The Lead in Crypto Innovation, Prepares to Launch ERGOHACK II

Ergo Takes The Lead in Crypto Innovation
  • DeFi ecosystem Ergo is set to launch its second iteration of the ERGOHACK.
  • The platform is also working toward launching its own cross-chain DEX.
  • ERGOHACK II will explore themes of social transformation and mass adoption blockchain solutions.

Still soaring from the success of its first-ever hackathon, Ergo is now focusing its attention towards organizing the second iteration of its hackathon, ERGOHACK II. At the same time, there is a great deal of excitement within the crypto industry for the launch of Ergo’s first-ever cross-chain DEX. The DeFi ecosystem, a brainchild of notable Cardano alumni, is hard at work to differentiate itself from other cryptocurrencies by offering a set of diverse and unique features.

As a blockchain, Ergo offers a Proof-of-Work protocol with no pre-mining and no initial coin offering in an attempt to create a fair ecosystem, leveraging cryptographic features and radical new DeFi functions. In fact, Ergo’s advent as a blockchain platform lies in the very need to address socio-economic issues using tools that can empower the average citizen. Therefore, its smart contract platform aims to create financial equity for all.

With its first-ever Hackathon, Ergo tested out teams that wanted to “hack for change” and provide solutions to major issues plaguing the crypto industry. Some of these focused on tokenization schemes, visual tools for constructing multi-signatures, stealth address pool implementations, tools for NFTs, and more.

Following its successful run, Ergo sets its target at creating a network that is censorship-resistance, resilient, open, and free for users. Additionally, projects from the June hackathon are now being developed for implementation on the platform.

It is all too often those at the bottom who suffer in separation from those at the top, who initiate the suffering. This cycle of economic abuse needs to be broken.-   Ergo Manifesto

With this success and the opportunities it creates in mind, the platform is now announcing the second iteration of its hackathon, ERGOHACK II. Set to run from October 8 to 10, 2021, the event will explore the theme of social transformation. Maintaining its aspiration to create a monetary system benefitting the average person at the top of its priorities, Ergo will bring together developers working towards the mass adoption of blockchain technologies.

For this next hackathon, ERGOHACK will have a total prize pool of $9000 SigUSD (the ecosystems own stablecoin). What’s more, is that an opportunity to come work with the Ergo Team might also be up for grabs. Now is the time to bring your best foot forward developers.

The deadline to apply is September 15, 2021. Visit their website: ergoplatform.org

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.