Everscale is a highly advanced blockchain network that operates on a Proof-of-Stake (PoS) model and is considered a 5th generation layer-1 blockchain network. It has integrated all the latest blockchain innovations and concepts and has the potential to act as a decentralized hub for various blockchain applications such as GameFi, DeFi, micro-transactions, real-time bidding, etc.The platform has its own native token called EVER, which serves as a fee and governance token. EVER is traded on multiple exchanges and is also available as a wrapped ERC-20 token called WEVER on some exchanges.
Enabling Almost Infinite Network Scalability
Everscale is a blockchain network that employs dynamic multithreading and sharding technology. The network comprises a Masterchain and numerous workchains, or shards. The Masterchain holds all the block proofs from every workchain in the network, which makes it crucial for network security, akin to Polkadot and Ethereum 2.0. However, Everscale’s sharding approach is unique in that it’s dynamic. When the current workchains approach maximum capacity, a new workchain can be added to prevent congestion. Validator nodes that join Everscale are assigned to a specific workchain and tread, enabling them to process only a limited amount of data rather than the entire network. This system ensures that the overall throughput of the network is determined by the cumulative transaction processing capacity of the workchains.
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