The Ergo project is a cryptocurrency that builds upon the same UTXO model as Bitcoin but extends its functionality with additional features. Ergo allows for more complex programmability by providing access to the entire spending transaction and the block solution in the execution context. This enables the creation of Turing-complete contracts and the implementation of contractual money, where digital coins can be explicitly bound to a contract in the form of executable code.
Proof of Work. No pre-mine. Interoperability with any other chain thanks to Rosenbridge. The founder is one of the founders of CHAINLINK. Charles Hoskinson, Cardano's founder, said that it is the spiritual successor of Bitcoin.
Their community looks like the early Bitcoin cypherpunks community, lot's of innovation, lots of nerds, lots of technical talking.
Currently it has a $70m market cap........... Should I sell part of my BTC BTC for ERG?
Big words for a $70M marketcap coin. I have nothing against Ergo, in fact i sort of like it, but calling it successor to bitcoin is a stretch. There has been several neat non ico try outs and sooner and later they die because devs have lives and actual work to do where they get paid. So development of hobbyist is a little different then paying for 24/7 job to develop.
It isn't in the radar of nearly anyone. Maybe one reason is that it isn't offering any real competition to any other crypto out there.
Charles had a thing for Ergo for a long time now, and i guess he sees something in it that he likes. Maybe it's the fact that it didn't need ICO, which has pros and cons. One of the main pros being that i don't think there's a change that it ever could be a declared as a security.