It also opens the way for @LithosProtocol
A viable path for @ergo_platform to become one of the most decentralized and censorship resistant chains in terms individual block producers.
Opening new market structures and incentives for miners.
Exciting day.
6.0 opens a lot of new possibilities for @ergo_platform
Probably the most anticipated is the implementation of matrix, a new design using fractal pruning, which leads to storing full blocks.
We have a more complex structure with input and ordering blocks designed to use intelligent pruning to offset bloat while maintaining clear assumptions.
This new pathway to form blocks offers significant benefits both short and long term.
This novel blockchain
architecture separates transaction processing from block ordering to achieve faster transaction confirmations and improved network throughput.
The system introduces two types of blocks:
Input Blocks for fast transaction processing
Ordering Blocks for final consensus, maintaining backward compatibility through a soft-fork approach.
This architecture enables confirmation time to be in seconds range, reduces network bandwidth usage for blocks propagation, and improves scalability without compromising security or decentralization.
Sacrificing UTXO set management long term for speed is suicidal for a p2p networks.
Matrix is a pretty elegant solution so balance the two.
And since block #1,629,184 , 6.0 nodes have a value for the now voteable parameter, number of sub-blocks per block (to be used in sub-blocks protocol if it will be voted on by miners) . 5.0 nodes are in agreement!
✅️ In wallet fiat on/off-ramps
Banxa has been successfully integrated in Nautilus and Minotaur wallets, providing easy access for Ergo users around the globe 🌎
Even you, America 🇺🇸
https://t.co/CcCV7fKifj
#Ergo has Sigma 6.0, the biggest upgrade to Ergo’s smart contract layer
What’s Changing?
More powerful numbers
Better data handling
Smarter transactions
New math and list tools
Built-in PoW validation
Upgradable governance
https://t.co/EBRaeMaEpw
#Ergo2Top10@ergo_platform
Runes+, an upgrade to #Bitcoin’s Runes protocol turning a simple token into a versatile DeFi asset leveraging Bitcoins security.
Runes+ allows creating and moving rich tokens with extra data across different blockchains. Runes+ supports #DeFi tools, cross-chain transfers, and features like stablecoins and real-world assets, all built on Bitcoin’s L1.
What’s the latest @RosenBridge_erg
• The Dogecoin Rosen SDK is currently under review.
• Our dependencies are being updated and integrated into our services quickly and efficiently.
• We will be publishing a research document on Monero.
• The Rosen app asset page is being refactored, and a beta version will be released soon.
•Discussing plans for Bitcoin L1 expansion around Runes+
Beginning of a new Era @ergo_platform
6.0 has been activated!
6.0 and 5.0 nodes are in consensus.
Mining network is doing well.
6.0 details: https://t.co/K6KzxGCvL2
👀 Thanks to @RosenBridge_erg thousands of people across multiple chains now hold $rsERG
@coingecko
Requesting that you add Binance Smart Chain contract address to the rsERG page:
0xe0e8a04242f35b95dc64b07e0eae23a8e43a78e4
Milestone 5 @RosenBridge_erg was approved.
Will be doing an X space as required for Milestone 6 soon.
The Runes Extension, opening Runes to every supported token was not really within the scope of the grant, but wanted to make the outcome as useful as possible for the larger community.
We spent some extra time building that as it appeared possible.
Feel free to review, as always, everything is open source.
https://t.co/P0bF9K1RYv