Ergo was created in response to stagnation in the blockchain area. It implements various technical and economic ready-to-use ideas that add value but do not reduce the known advantages of blockchain systems. Ergo’s primary focus is to provide an efficient and secure way to implement financial contracts, which are the most widely used application of blockchain technology. It is created to provide an easy way to use financial contracts by ordinary people, that should be able to use them in a decentralized manner without any trust. Unlike the traditional financial system, no bailouts, blacklists or other forms of discrimination should be possible on the core level of Ergo protocol. Ergo protocol is designed to be survivable in the long-term, making it useful to implement contracts for a period of a person’s life and also enabling it to be a good store of value.
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