The platform uses the Autolykos consensus protocol, which solves many of the problems in Bitcoin's blockchain regarding security and scalability and returns to the fundamental principle: 'one graphics processor - one voice.'
The outstanding resilience of a blockchain system is achieved by a combination of modern cryptographic algorithms and decentralized architecture. While cryptography is widely used outside of cryptocurrencies, decentralized architecture forms a unique property of blockchain systems making them even more secure due to a lack of single point of failure.
Ergo is built from the ground‐up to resist centralization at all levels. Ergo has both an ASIC and pool resistant Proof-of-Work algorithm, preventing blockchain centralization in the hands of miners and pool operators. Its treasury system prevents governance and development centralization, while light nodes with high-security guaranties prevent services centralization.
Alex Chepurnoy, Ergo Core Developer, explained: "We have developed an approach to smart contracts in line with Bitcoin's original concept, but with small additions that potentially cover 99% of current use-cases. Ergo allows people to synchronise with the network by downloading less than a megabyte of data, reducing the process from potentially weeks to minutes and enabling it to take place on mobile devices – all with the same security as current third-party solutions."