What is Everscale (EVER)?
Everscale is a sharded, dynamically multithreaded blockchain that can scale up to one million transactions per second.
It integrates all of the newest blockchain innovations and ideas.
Its adaptability enables it to grow into a decentralized hub for various blockchains and resource-intensive applications, like GameFi, DeFi, microtransactions, real-time bidding, etc.
The Everscale blockchain’s native asset is called EVER Token (EVER).
Who Are the Founders of Everscale?
Everscale began when brothers Pavel and Nikolai Durov launched The Open Network (or “Telegram Open Network”) (TON) in 2018.
Due to legal challenges and investor problems, TON could never wholly launch.
Yet the early parts TON developers developed generated so much attention that they were made available to the general public.
In 2021, the project’s name was changed to Everscale due to a unanimous user vote. As part of the Everscale blockchain redesign, their coin was renamed EVER.
What Makes Everscale Unique?
Sharding and dynamic multithreading technology are available from Everscale.
The blockchain is made up of a masterchain and a large number of workchains, often known as shards.
In the same way that Polkadot and Ethereum 2.0 depend on the Masterchain, which holds all block proofs from every workchain in the network, the entire network’s security depends on it.
Nevertheless, unlike other blockchains, Everscale’s sharding is dynamic, allowing for the addition of a new workchain whenever the capacity of the existing workchains is nearly reached, preventing even the slightest congestion.
Also, when a new validator node joins Everscale, it is assigned to a workchain and a thread, saving the validators from having to process the network’s data entirely.
The total number of transactions that the workchains can handle over time is the network’s throughput because they can only manage a finite amount of data.
In conclusion, the network can scale practically infinitely, which no other blockchain can claim. There is always more opportunity to add capacities to handle any strain.
How Many EVER is in Circulation?
1,790,227,613 EVER coins are now in circulation, and the maximum supply is unknown.
Everscals (EVER) Price Predictions by Year
| Year | Maximum Price (USD) | Average Price (USD) | Minimum Price (USD) |
|---|---|---|---|
| 2024 | $0.8 | $0.6 | $0.4 |
| 2025 | $1.5 | $1 | $0.9 |
| 2030 | $3 | $2.5 | $2 |
| 2035 | $5 | $4 | $3.5 |
Detailed Yearly Predictions:
2024:
Everscals (EVER) is expected to see significant growth in 2024, with a maximum price of $0.8, an average of $0.6, and a minimum of $0.4. This growth can be attributed to several factors, including increased adoption of blockchain technology in various industries, positive market sentiment towards cryptocurrencies, and the development of new use cases for EVER tokens. Additionally, potential partnerships and technological advancements in the Everscals ecosystem may further drive demand for EVER tokens and contribute to price appreciation.
2025:
In 2025, Everscals (EVER) could continue its upward trajectory, reaching a maximum price of $1.5, an average of $1, and a minimum of $0.9. As blockchain technology becomes more integrated into mainstream businesses and consumer applications, EVER tokens may see increased utility and demand. Furthermore, strategic partnerships with key industry players and the introduction of new features or products within the Everscals ecosystem could positively impact EVER’s price performance.
2030:
By 2030, Everscals (EVER) is forecasted to reach new milestones, with a maximum price of $3, an average of $2.5, and a minimum of $2. Continued advancements in blockchain technology, coupled with broader adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs), may drive EVER’s value higher. Additionally, regulatory clarity and increased institutional interest in cryptocurrencies could further bolster EVER’s price growth potential.
2035:
Looking ahead to 2035, Everscals (EVER) may solidify its position as a prominent player in the blockchain space, with a maximum price of $5, an average of $4, and a minimum of $3.5. By this time, EVER tokens may be widely accepted as a medium of exchange and store of value, with a diverse range of use cases across various industries. Continued innovation within the Everscals ecosystem, along with strategic partnerships and broader market trends, could support EVER’s long-term price appreciation.
Factors Influencing Price Predictions:
- Market Trends: Positive trends in the cryptocurrency market, such as increased adoption, regulatory developments, and growing investor interest, may drive EVER’s price higher.
- Technological Advancements: Advancements in blockchain technology, scalability solutions, and smart contract capabilities could enhance the functionality and utility of EVER tokens, influencing their value.
- Potential Partnerships: Strategic partnerships with established companies, blockchain projects, and industry organizations could expand the reach and adoption of EVER tokens, contributing to price appreciation.
- Overall Market Sentiment: Overall market sentiment towards cryptocurrencies, influenced by factors such as geopolitical events, macroeconomic conditions, and regulatory decisions, may impact EVER’s price movements. Positive sentiment could lead to bullish trends, while negative sentiment could result in price corrections.
How is the Everscale Network Secure?
Everscale employs SMFT, or soft majority fault tolerance. Using this voting process, all validators can contribute to complete network security rather than being forced to follow their workchain.
When no malicious activity is present, it permits quick transactions, but when someone votes against validation, the entire network of validators is consulted.
In the end, this enhances decentralization as well as security.
Read more: https://fxcryptonews.com/what-is-solar-sxp-how-to-buy-and-use-it/
How Can Crypto Investors Use Everscale (EVER)?
Network users can use EVER Tokens to pay transaction fees, connect ecosystems, carry out swaps, and stake and vote on governance initiatives.
Where to Buy EVER?
EVER is available for trading on centralized exchanges, such as Huobi Global, Gate.io, and KuCoin, and decentralized platforms like FlatQube.
FAQs
- How quickly can you transact on Everscale?
The endless sharding used by Everscale makes it extremely quick, and it can finish up to 63,000 transactions per second as a multithreaded blockchain.
- How is Everscale managed?
The founders’ council and several sub-governments were the first two layers of the project management structure.
The Everscale community migrated to a new governance model in the spring of 2022.
Ever DAO, a decentralized autonomous organization (DAO), was established and is now the foundation for voting on the project’s advancement.
