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...
This article was first published on coinquora.com.
Written by CoinQuora.