Everscale

The history of Everscale (EVER) is rooted in the development of the Telegram Open Network (TON), founded by brothers Pavel and Nikolai Durov in 2018. Initially, TON was intended to be a decentralized, peer-to-peer blockchain, but it faced legal issues with the U.S. Securities and Exchange Commission (SEC) regarding the secondary sales of its proposed token, GRAM. As a result, Telegram shut down the project, but it made the codebase open-source, allowing the Everscale community to take over development efforts.

On May 7, 2020, a group of professional validators and developers, including the EverX team, launched Everscale, building upon the TON technology. The community-driven project aimed to create a scalable, fast, and secure blockchain platform. Over time, Everscale has evolved through several phases, including the implementation of decentralized messaging, the integration of the Threaded Virtual Machine (TVM), and the development of programmable economies on separate Workchains.

Everscale's history is marked by its technological advancements, such as dynamic sharding and multithreading, which enable it to handle high loads and increase node production. The platform has also developed a robust ecosystem, including decentralized applications (dApps) like exchanges, bridges, non-custodial wallets, and GameFi applications. Additionally, Everscale's native token, EVER, serves as a governance and fee token, allowing users to stake and earn rewards.

Today, Everscale continues to grow and expand its capabilities, solidifying its position as a technologically advanced blockchain platform with a strong focus on scalability, decentralization, and security.

Everscale (EVER) is a fast, secure, and scalable layer-one blockchain that can process up to millions of transactions per second. It operates on a sharded architecture known as workchains, which efficiently processes data and transactions. Here's a detailed overview of how it works:

The Everscale blockchain is divided into three main components:

1. Masterchain: This is the central chain that records all transactions and ensures the integrity of the network.
2. Workchains: These are separate chains that handle specific tasks and transactions. There are up to 232 workchains, each with its own format of account addresses, virtual machines, and transaction formats. More workchains are activated as the network load increases.
3. Shardchains: These are smaller chains that handle a subset of accounts and transactions. Each shardchain is responsible for a specific part of the network and can handle a high volume of transactions. If an incorrect block needs to be replaced, a new block can be added to the shardchain without affecting the entire network.

Everscale's sharding mechanism is unique in that it allows for the creation of new workchains and shardchains as needed. This approach enables the network to scale efficiently and handle a high volume of transactions without compromising speed or security.

Everscale boasts sub-second transaction finality, meaning that transactions are settled virtually instantly. This is significantly faster than other blockchains like Bitcoin and Ethereum, which require users to wait minutes for their transfers to be processed.

The EVER token is the native token of the Everscale blockchain and is used for various purposes, including staking, yield farming, governance, transaction fees, and payments in decentralized applications. The token supply is fully released and in circulation, offering investment and farming opportunities.

Everscale has a strong developer community and provides a range of tools and resources for building decentralized applications (dApps). The network supports multiple programming languages and has a grants program for new developers and promising projects.

Everscale aims to become the backbone for high-load applications with real use cases, such as DeFi, NFTs, and GameFi. It also supports bridges, decentralized communication, sustainability, and self-sovereign identity, among other use cases.

Overall, Everscale's architecture and sharding mechanism make it a highly scalable and efficient blockchain, well-suited for a wide range of applications and use cases.

The Everscale (EVER) token has several strengths that make it a promising cryptocurrency:

1. Scalability: Everscale is designed to be highly scalable, with the ability to process millions of transactions per second. This is achieved through its unique architecture of workchains and shardchains, which allows it to handle a high volume of transactions efficiently.

2. High Throughput and Quick Transaction Finality: Everscale boasts sub-second transaction finality, making it incredibly user-friendly. This is particularly beneficial for use cases like DeFi and NFTs, where fast transactions are crucial.

3. Variety of Use Cases: Everscale supports a wide range of use cases, including DeFi, NFTs, voting, bridges, decentralized communication, GameFi, sustainability, CBDCs, self-sovereign identity, decentralized domains, and metaverse applications. This versatility makes it an attractive platform for developers and users alike.

4. Tokenomics: The EVER token is used for staking, yield farming, governance, transaction fees, and payments in decentralized applications. It also has a clear tokenomics structure, with a consistent supply rate and a predefined cap of five billion tokens.

5. Utility: The EVER token is a utility token, meaning its value is derived from its practical roles within the Everscale ecosystem. This includes staking, governance, and facilitating transactions, which ensures its value is tied to the network's growth and adoption.

6. Security: Everscale employs a Proof-of-Stake (PoS) consensus mechanism, which is more energy-efficient and less vulnerable to centralization compared to traditional Proof-of-Work (PoW) mechanisms.

7. Developer Support: The Everscale ecosystem provides incentives for developers through the developer treasury, which allocates 10% of the token supply to support community developers building projects and contributing to the ecosystem.

These strengths position Everscale as a robust and scalable blockchain platform with a versatile token that supports a wide range of applications and use cases.

Everscale (EVER) is a cryptocurrency that carries several financial risks. These risks include:

• Regulatory Issues: Changes in regulatory policies or laws can significantly impact the value of EVER. Governments and financial institutions may impose restrictions or bans on cryptocurrencies, affecting their market performance.

• Market Volatility: Cryptocurrencies are known for their price fluctuations. EVER's value can drop or rise rapidly due to market sentiment, supply and demand, and other external factors. This volatility can result in significant losses for investors.

• Technological Risks: As a blockchain-based project, Everscale is susceptible to technical issues, such as security breaches, network congestion, or scalability problems. These risks can compromise the integrity and functionality of the platform, leading to financial losses.

• Risk of Manipulation: Everscale's risk score indicates that it is a relatively high-risk investment. This score is based on factors such as the amount of money required to shift its price and recent changes in volume and market capitalization. A high risk score implies that the coin is more susceptible to price manipulation.

• Partnership and Collaboration Risks: While Everscale has partnerships with various companies and organizations, the success of these collaborations is not guaranteed. If these partnerships fail or do not yield the expected results, it can negatively impact the value of EVER.

Investors should carefully consider these risks and conduct thorough research before making any investment decisions in Everscale (EVER).

• Blockchain Family: The core team behind the EverName domain system, which is a development company that contributes to Everscale by creating tools to optimize the user experience.