Ergo Platform Monthly Wrap Up: May
Welcome to the Ergo Platform monthly wrap-up for May! We are thrilled to share the exciting progress we have made over the month, highlighting enhancements, project developments, and community interactions.
July 2023 will mark the 4th ErgoVersary of the Platform. This is a momentous occasion, and there is so much to celebrate! Find out more now!
Mark your calendars. July 1-3, 2023 will feature a big event for Ergo combining ergoversary and ergosummit! Whether you are new to Ergo or have been active on the network for a while now, there will be something for everyone. Spread the word, Ergonauts, and congrats to all of us on reaching this milestone together.
Now, let's dive into the updates!
Ecosystem Updates 🌐
Introducing the newest addition to ergoplatform.org: a live chatbot! This advanced chatbot has been meticulously trained on the comprehensive Ergo documentation. Take it for a spin and explore its wealth of knowledge!
Throughout May, our dedicated teams have been working tirelessly to ensure the continuous evolution and improvement of the Ergo ecosystem.
Developer statistics are now available on Artemis. Despite the recent downtrend, the developer community continues to thrive, driving innovation in Ergo Core and Sub-Ecosystems.
Project Developments: We have witnessed significant progress in various projects within the Ergo ecosystem:
Paideia DAOs are now operational on-chain! Their remaining task is to integrate both components to provide users with a seamless experience.
DexyGold testing is going well, keep your eyes peeled as in the coming days access to testnet bank UI will be shared 🤫
Announced that they have completed all required APIs to allow for Ergo DeFi integration on Coingecko!
After the successful launch of their Yield Farming protocol, they are extending this functionality to ecosystem projects and allowing them to launch their own yield farms!
PalmyraComDex: has released a roadmap for its MVP. ZengateGlobal also announced that they will officially launch their IDO through ErgoPad, making it the first cross-chain IDO on both the Ergo and Cardano blockchains.
Duckpools is approaching a full launch, with most contracts and their off-chain components in the final stage of development. The new pool contracts have undergone a thorough security audit.
Rosen Bridge introduced a roll-up to the project and awaits code review. Additionally, they have started working on research and development for integrating EVM-based chains into the Rosen Bridge.
SkyHarbor completed Ergo Pay testing and is currently developing an automated collection creation system.
SigmaUSD has introduced a series of updates. Firstly, improved congestion handling has been implemented, resulting in a notable decrease in conversion failures. Secondly, SigmaUSD now directly interacts with the bank, bypassing proxy contracts. This enhancement leads to reduced failures and eliminates the need to wait for refunds. Lastly, an adjustable miner fee has been introduced, allowing users to effectively compete with others and bots.
Bitdomains, a new name service for Ergo has overcome frontend challenges and is now focused on developing low-level and higher-level AVL tree libraries and continuing work on contracts,
SigmaFi finalized the contracts for a new feature, Loan Offers, which are now ready for beta testing.
Analog Ergo completed automated Ergo script contract deployment and introduced contract value verification by the receiver.
single-tx-swap.com is now usable by anyone with an updated Nautilus wallet.
TabbyPOS development updates included addressing mundane coding tasks and optimizing interfaces, with a plan to complete the Merchant Portal by the middle of next month. Additionally, the platform clarified its position as not being cross-chain but rather adding support for other cryptocurrencies on top of the existing ERGO infrastructure. In other news, they successfully obtained the Merchant Account for BinancePay, and AnetaBTC has established a presence in Malaysia with a strong possibility of obtaining a cryptocurrency exchange license, which would greatly facilitate fiat transactions.
ergopad announced Coinecta Finance, a Cardano token LaunchPad that will allow them to host Cardano IDOs as well as cross-chain Ergo-Cardano IDOs.
Wallets:
Nautilus now has a handy ‘dApps’ section which contained a tool to allow you to easily identify and consolidate your UTxO boxes!
SAFEW v0.7.2 brings an improved dApp connector with immediate node address updates, an enhanced node table with version and height details, and an improved display of box count and storage rent time per wallet and address.
Ergo Wallet App focused on enhancing transaction capabilities and improving user experience. These updates include bug fixes, the ability to export transactions to CSV, and transaction data fetching from the node when the node Explorer API is selected.
Koinly is progressing with integration, a cryptocurrency tax software. This will help users manage their portfolio and tax obligations. Hopefully ready in a few weeks!
Community MVP: There is a new explorer in town! It loads wallet addresses near-instantly with a user-friendly UI ergexplorer.com
NFTs, Gaming & Tokens 🎨 👾 ☄️
The NFT ecosystem on Ergo continues to flourish and captivate enthusiasts.
The Ergo Auction House, a decentralized platform for auctioning NFTs and other items, has launched the third iteration of its platform! 🎉 Additionally you can stake their token on ergopad and earn a share of the revenue! 30% of profits are shared with token holders, manually distributed (initially) every 4 weeks
Comet launched a new front end for their Comet Lottery, now integrated with Ergo Pay.
Mick, aka LowKeyNerd, returns to Ergo Pulse to bring us another awesome update and demonstration of the amazing progress he has made in the last 12 months working on Blitz TCG. Blitz is a trading card game that will use the blockchain to allow true digital ownership of game assets. qx(), also known as qx parenthesis, stands in for Armeanio in this episode and joins Dan 'from Japan' Friedman.
Grand Gambit now enables users to make plays directly from their wallets and has listed the Paideia and $BASS tokens allowing its users to play Plinko, Roulette, Coinflip, and more with the native tokens.
Development & Research 🔬
Ergo's team of developers and researchers continues to innovate and push the platform's capabilities.
Reference Client: Node 5.0.11 released with improved wallet scan performance, automatic version substitution, clearer API error messages, and other small fixes. Version 5.0.12 is already under testing, introducing UTXO set snapshots that will cut sync times dramatically! (30-60m on a regular laptop)
sigmastate-interpreter version 5.0.8 and Sigma.JS is almost here. The combination of Sigma JS and Fleet will provide similar usability to Javascript developers as AppKit does for JVM developers.
ergo-lib-go: A go-lang wrapper for the sigma-rust c-bindings which allows developers to use sigma-rust in golang
The Nautilus and Fleet software development kits (SDKs) have received significant upgrades to promote code reuse and consistency across dApp implementations.
Discussions with the Djed Alliance on a new stablecoin design ‘SigGold’
kushti has been exploring the development of an auction-based emission and degen finance autonomous machine, known as Auction Coin with anon_real
Articles 📚
May was filled with enlightening discussions and articles about the Ergo platform. One notable post titled "Discover Ergo's Storage Rent Potential" provided an in-depth analysis of the potential and implications of storage rent for the future of
Media 🎥
In addition to our regular weekly Ask Me Anything (AMA) sessions and Developer Updates, we’ve had multiple exciting developments within the community.
Here are some highlights from various platforms:
Youtube
If you missed our last monthly wrap-up, CW provides a comprehensive overview here
SigmaPrism sat down with the Ergo Foundation Business Manager: Joseph Armeanio in The State of Crypto Today. Discussing the current state of crypto, US regulations, how to gauge success on #Ergo, and the future of the Foundation (plus much more)!
SigmaPrism sat down with Luca (@ldgaetano) to learn more about what it is truly like working with ErgoScript and developing useful applications for multiple projects on Ergo in Ergo dApp Developer | Sharing Insights:
Ergo is a great blockchain, here is why from community member Dawson Allen who talks about what makes Ergo really cool. Some dapps, some technology, some wallets, the fundamental ideas behind it, tokenomics and more.
Why you need to mine Ergo! from Hawk Crypto Mining Co gets together with CW. They discuss the significant developments in the Ergo ecosystem, including the introduction of SigmaFi and the upcoming Rosen bridge. They also highlight the importance of community engagement and the increasing number of developers and projects building on Ergo.
Twitter Spaces
Community Highlights 📣
Our Reddit community, "r/ergonauts," had several engaging discussions, updates, and announcements. Developer updates, storage rent discussions, and community threads were prominent topics. Additionally, there were inquiries about Ergo's ledger support following the recent Ledger incident. (They have since reversed this decision)
Ergonauts Talking About Life: Our community is not just about blockchain and cryptocurrencies. In the 'Ergonauts Talking About Life' thread, members of our community have been sharing their thoughts and experiences about various aspects of life. It's always great to see the human side of our Ergonauts!
Twitter and Reddit Strategy: We've been brainstorming on how to effectively use social media platforms like Twitter and Reddit to spread the word about Ergo. These discussions have been insightful and we're excited about implementing these strategies to grow our community. Make sure to join the Community Marketing chat on Telegram or Discord
Long Term Investment of Trust is a concept that has been under active discussion and development within the Ergo ecosystem. While the specifics of LIT are still being refined, the core idea revolves around creating a system that encourages and rewards long-term investment and trust within the Ergo network.
Storage Rent Activation An announcement about the activation of storage rent at block number 1051200. Also make sure to check out this informative series: Tracking storage rent potential | 3rd ed.
What’s next? 🚀
We are incredibly excited about the future of Ergo. As we continue refining our platform, enhancing our projects, and engaging with our amazing community, we eagerly anticipate the progress we will make in the coming month.
Thank you, Ergonauts, for your continued support and participation.
Stay tuned for more updates next month, and happy exploring on Ergo!
I’ll leave you with this beautiful graphic from TortoDelivery on ergopad