What is Everscale (EVER)?

Deep Dive

1. Purpose & Value Proposition

Everscale aims to support real-world applications requiring high throughput, such as payment systems (stablecoins, CBDCs), decentralized exchanges, and gaming platforms. Its core innovation lies in maintaining decentralization despite scaling—a common blockchain trilemma challenge.

2. Technology & Architecture

The network employs a two-tier structure:
- Masterchain: Coordinates consensus and manages global rules.
- Workchains: Autonomous blockchains that process transactions in parallel via dynamic sharding, splitting into smaller threads as demand grows.

Key technical features:
- Soft Majority Fault Tolerance (SMFT): A PoS consensus variant penalizing malicious validators.
- Threaded Solidity: A modified programming language for TVM (Threaded Virtual Machine), enabling parallel smart contract execution.
- REMP protocol: Ensures ordered message processing between contracts.

3. Tokenomics & Governance

• EVER is used for transaction fees (~$0.001 per tx), staking rewards, and governance.
• WEVER (wrapped EVER) allows voting in Ever DAO, where proposals require 100,000+ WEVER to submit.
• Treasury controls 43.6% of supply, funding ecosystem development through community-approved grants.

Conclusion

Everscale combines Telegram’s original TON vision with novel scalability solutions, positioning itself as a contender for enterprise-grade dApps. Its focus on parallel processing and decentralized governance raises a critical question: Can it attract developers to build the next wave of high-demand Web3 applications?