Everscale (EVER) is a fast and secure layer-one blockchain that is claims to be capable of handling millions of transactions per second.

Everscale is based on the Telegram Open Network (TON) architecture. Amid the growing popularity of cryptocurrencies in late 2017, several traditional tech companies began exploring the space. The popular instant messaging service, Telegram, was one of them. It began developing the Telegram Open Network in 2018.

Ultimately, TON’s plan to launch in the fall of 2019 was cut short by regulators after the US Securities and Exchange Commission filed a lawsuit. In the spring of 2020, Pavel announced the closure of the project. However, in May 2020, several companies and teams used TON’s off-the-shelf protocol to launch the main Free TON network. Among the founders are Simplex, Everstake, Forklog creator Anatoly Kaplan, Kuna exchange, and others. In November, the community decided to rebrand the project to “Everscale.”

Everscale touts itself as “the most scalable blockchain network.” The scalable smart contract-based platform offers unique features such as sharding, dynamic multithreading, and low gas costs.

Everscale is a blockchain network that aims to power a range of applications that require fast, secure and scalable transactions. The network uses a proof-of-stake (PoS) consensus mechanism that rewards participants for securing the network and reduces energy consumption. Everscale claims to be a fifth-generation blockchain network that incorporates the latest innovations and concepts in the field. It can support various types of blockchains and applications, such as gaming, finance, micro-payments and online advertising. The project’s vision is to become a decentralized platform for high-performance applications with real-world relevance, and to foster an ecosystem of decentralized applications (dApps) such as exchanges, wallets, bridges and gaming platforms.

Everscale is the byproduct of a collaboration between several companies and teams who wanted to continue working on the Telegram Open Network. There are over 200 people working full-time on developing the network and its ecosystem. The project is constantly scouting for new projects and developer talents in an always-on mode through the Grants Programme and hackathons.

In January 2023, the company raised $5 million in funding from Venom Ventures Fund to expand its engineering team and fund other ecosystem developments.

For developers, Everscale introduces unique features, such as its implementation of the Reliable External Messaging Protocol (REMP). This protocol allows Everscale to achieve a remarkable balance of scalability, speed, and security. Moreover, the platform employs a soft majority consensus as its decision-making mechanism, ensuring enhanced validation and coordination within the network. It also offers distributed programming and a governance model utilizing a Soft Majority Voting protocol. Everscale claims to be able to process 100k+ transactions per second, with sharding, dynamic multithreading and low gas costs.

In Spring 2022, the community decided to adopt a new governance model – a decentralized autonomous organization (DAO) called Ever DAO. This has become the basis for voting on proposals within the ecosystem.

All EVER token holders are eligible to vote on a 1 coin – 1 vote basis. To participate in governance, holders must first transfer their tokens to the DAO’s website’s “wrapped” analog of WEVER, which is then locked in a smart contract.

Out of its total supply of 2,049,945,261 EVER tokens, 1,793,889,884 EVER were in circulation at the time of writing.

EVER is listed for trading on numerous cryptocurrency exchanges, including Huobi Global, Gate.io, KuCoin and more.

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The all-time high of EVER was 1.70 USD on 2020-10-26, from which the coin is now down 98.77413424111765%. The all-time high price of Everscale (EVER) is 1.70. The current price of EVER is down 98.77413424111765% from its all-time high.

As of , there is currently 1.99Bn EVER in circulation. EVER has a maximum supply of 0.

The current market cap of EVER is 41.38M. It is calculated by multiplying the current supply of EVER by its real-time market price of 0.020839717901.

The all-time low of EVER was 0.02356978 , from which the coin is now up -11.582891732549044%. The all-time low price of Everscale (EVER) is 0.02356978. The current price of EVER is up -11.582891732549044% from its all-time low.

Everscale (EVER) has a market capitalization of $41.38M and is ranked #845 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Everscale (EVER) price trends and patterns to find the best time to purchase EVER.