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What is Everscale (EVER)?

Everscale (EVER) is a cryptocurrency project formerly known as Free TON and was rebranded to Everscale in 2023. Everscale is a universal open-source blockchain platform with the goal of creating a decentralized internet.

Everscale Technology

The technology underpinning Everscale is based on the TON (Telegram Open Network) protocol developed by the Telegram team, including the Durov brothers. This protocol was designed for high speed and scalability, making it suitable for mass use.

Everscale employs a multi-chain architecture (shardchains and workchains) to ensure its scalability. This means that the network can process many transactions in parallel, providing high throughput and quick transaction processing times.

EVER Token

EVER is the native token of the Everscale network. It is used for network governance, including voting on proposals and making changes to the protocol. The EVER token is also used to pay for transaction fees and smart contracts on the network.

Everscale Community

One of the key features of Everscale is its active and passionate community. From inception, the network operates on principles of decentralization, and decisions are collectively made by the network participants. This has resulted in a multitude of different validators, developers, and communities contributing to Everscale’s development.

Conclusion

Everscale is a unique project in the cryptocurrency industry. With its decentralized governance principles, powerful technology, and active community, it has the potential to be a key player in the future of blockchain technologies.