{"id":37504,"date":"2022-04-22T15:26:00","date_gmt":"2022-04-22T12:26:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=37504"},"modified":"2025-08-29T17:46:57","modified_gmt":"2025-08-29T14:46:57","slug":"what-is-everscale-ever","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/what-is-everscale-ever\/","title":{"rendered":"What is Everscale (EVER)?"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Key points<\/h2>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/everscale.network\" target=\"_blank\" rel=\"noreferrer noopener\">Everscale<\/a> is an ecosystem whose blockchain was built on the architecture of Telegram Open Network (TON). The project was initially called Free TON, but in November 2021 the community voted to <a href=\"https:\/\/forklog.io\/free-ton-pereimenovali-v-everscale\/\">rename it<\/a>.<\/li>\n<li>From the outset, the Everscale protocol has offered a multilevel blockchain, sharding and multithreaded execution, making it one of the fastest blockchain platforms.<\/li>\n<li>Everscale\u2019s community is developing DeFi and NFT projects; holders of the native coin, EVER, can vote in the DAO.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Who launched Everscale, and when?<\/h2>\n<p>Development of <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-ton\">Telegram Open Network<\/a> began in 2018. Fundraising was led by Pavel Durov, and the project\u2019s white paper was written by his brother, Nikolai Durov.<\/p>\n<p>TON was slated to launch in autumn 2019, but this was derailed by an injunction from America\u2019s Securities and Exchange Commission. The legal battle lasted several months.<\/p>\n<p>Meanwhile TON\u2019s developers, together with external contractors, kept working and open-sourced code for completed components. In spring 2020 Telegram chose not to continue the case, and Pavel Durov <a href=\"https:\/\/forklog.io\/pavel-durov-obyavil-o-zakrytii-proekta-telegram-open-network\/\" target=\"_blank\" rel=\"noreferrer noopener\">announced<\/a> the project\u2019s closure.<\/p>\n<p>More than two dozen companies and teams\u2014including some who had worked on TON\u2014then used its ready-made protocol alongside their own work to launch the Free TON mainnet <a href=\"https:\/\/forklog.io\/sostoyalsya-zapusk-osnovnoj-seti-free-the-open-network-free-ton-na-baze-razrabotok-telegram\/\" target=\"_blank\" rel=\"noreferrer noopener\">in May 2020<\/a>. Founders included Everstake, Simplex, Forklog\u2019s founder Anatoliy Kaplan, the Kuna exchange and others.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"\u041d\u043e\u0432\u044b\u0439 \u043b\u043e\u043a\u0430\u043b\u044c\u043d\u044b\u0439 \u043c\u0438\u043d\u0438\u043c\u0443\u043c \u0431\u0438\u0442\u043a\u043e\u0438\u043d\u0430 \u0438 \u0433\u043e\u043d\u043a\u0430 L1  | \u0422\u043e\u043d \u0412\u0435\u0439\u0441, \u041d\u0438\u043a\u0438\u0442\u0430 \u0418\u043d\u0448\u0430\u043a\u043e\u0432, \u0412\u043b\u0430\u0434\u0438\u043c\u0438\u0440 \u041c\u0430\u0441\u043b\u044f\u043a\u043e\u0432.\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/yXldjP8vs4Y?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Is Everscale a fork of TON?<\/h2>\n<p>Everscale is not a TON fork, because TON never launched. The new blockchain used Telegram Open Network\u2019s code, which was open to all.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What is Everscale\u2019s native coin called?<\/h2>\n<p>The cryptocurrency bears the same name as the network and trades under the ticker EVER on various exchanges: Gate.io, MEXC, Kuna, Coinone, HitBTC and others. Custom tokens are also issued on the Everscale blockchain.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Where can you store EVER?<\/h2>\n<p>Several popular wallets support Everscale coins and other network tokens:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Ever Surf<\/strong>. An open-source wallet from EverX\u2014the company that worked on TON and later became one of Everscale\u2019s founders. The app is <a href=\"https:\/\/ever.surf\/download\/\">available<\/a> for Android and iOS. It supports \u201cdebots\u201d\u2014applications with various functions and a chat-style interface, similar to Telegram bots.<\/li>\n<li><strong>EVER Wallet<\/strong>. A wallet from another key developer and Everscale co-founder, Broxus. <a href=\"https:\/\/l1.broxus.com\/everscale\/wallet\">Available<\/a> for Android and iOS, and as a browser wallet, making it convenient for DeFi and Web3 apps.<\/li>\n<li><strong>Everspace<\/strong>. A popular <a href=\"https:\/\/everspace.app\/\">mobile wallet<\/a> developed by a group of programmers from the Everscale community.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What distinguishes the Everscale blockchain?<\/h2>\n<h3 class=\"wp-block-heading\"><strong>Consensus algorithm<\/strong><\/h3>\n<p>The network uses a Proof-of-Stake family algorithm. Validators verify the blockchain\u2019s data and produce blocks. A protocol called Soft Majority Fault Tolerance (SMFT) is responsible for the security and integrity of the blockchain\u2019s data. It governs how a group of validators reaches consensus on the \u201ccorrect\u201d block to be added to the chain. Validators select one of their number to \u201cfind\u201d a new block and broadcast it to the network; a group of validators then confirms the block\u2019s correctness.<\/p>\n<h3 class=\"wp-block-heading\"><strong>Multilevel blockchain<\/strong><\/h3>\n<p>Everscale has inherited parts of TON\u2019s architecture as described in its white paper. The network consists of several layers of blockchains:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Masterchain<\/strong>. The main blockchain, responsible for verifying core network data and existing as a single chain. Its blocks store key information about Everscale\u2019s state\u2014confirmations of the correctness of all workchains\u2019 data.<\/li>\n<li><strong>Workchains<\/strong>. Blockchains designed for specific components of the ecosystem, such as decentralised applications. A workchain can have its own address and transaction formats, separate virtual machines and so on. Workchains must be mutually compatible\u2014this is enforced by the masterchain. Their number can change.<\/li>\n<li><strong>Shardchains<\/strong>. The basic building block\u2014a \u201cmini-blockchain\u201d that can include one or more blocks. A single workchain can have several shardchains.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\"><strong>Sharding and multithreading<\/strong><\/h3>\n<p>Everscale bills itself as the first multithreaded blockchain, operating like a modern multi-core processor. From launch it has supported sharding\u2014validators executing multiple operations in parallel. This is enabled by the multilevel architecture: each workchain has its own ledger and its own validator set, which reaches consensus independently. The number of shardchains storing transaction data is elastic and adjusts to current load.<\/p>\n<p>Read more about Everscale\u2019s architecture in the project\u2019s <a href=\"https:\/\/everscale.network\/docs\/everscale-litepaper_v1.02-c.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Litepaper<\/a> and <a href=\"https:\/\/everscale.network\/docs\/everscale-whitepaper.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Whitepaper<\/a>.<\/p>\n<p>Current network data\u2014validator counts, transactions, workchains and shardchains, plus information on individual addresses and transactions\u2014are available in the block explorers <a href=\"https:\/\/everscan.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Everscan<\/a> and <a href=\"https:\/\/ever.live\/landing\" target=\"_blank\" rel=\"noreferrer noopener\">EverLive<\/a>.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Who runs Everscale?<\/h2>\n<p>Initially, governance had two tiers: a council of founders and multiple \u201csub-governances\u201d\u2014groups of active community members who voluntarily organised around specific tasks. They ran contests to deliver defined objectives.<\/p>\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/everscale_FL_A-min-1024x819.png\" alt=\"\u0427\u0442\u043e \u0442\u0430\u043a\u043e\u0435 Everscale\" class=\"wp-image-171037\" width=\"768\" height=\"614\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/everscale_FL_A-min-1024x819.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/everscale_FL_A-min-300x240.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/everscale_FL_A-min-768x614.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/everscale_FL_A-min.png 1200w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/figure>\n<p>In spring 2022 the community voted to adopt a new governance model. A decentralised autonomous organisation (DAO) called <a href=\"https:\/\/everdao.net\/governance\">Ever DAO<\/a> was created, which now hosts votes on the project\u2019s development.<\/p>\n<p>Anyone holding EVER can vote (one coin, one vote). To do so, holders must wrap EVER into WEVER on the DAO website and lock the tokens in a smart contract. A decision requires participation from at least 500,000 WEVER holders and a majority in favour. Proposing an initiative requires 100,000 EVER.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Which applications run on Everscale?<\/h2>\n<p>Several applications with active communities operate on Everscale. Among them:<\/p>\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/flatqube.io\/\">FlatQube<\/a>. The main decentralised exchange on Everscale, developed by Broxus and the Everscale DeFi Alliance. It uses an automated market maker. As of 20 April the total value locked (TVL) on FlatQube exceeds $65m. Twenty tokens trade on the exchange.<\/li>\n<li><a href=\"https:\/\/octusbridge.io\/\">Octus Bridge<\/a>. A cross-chain bridge for transferring assets between blockchains. The app currently supports Ethereum, BNB Chain, Polygon, Phantom and Everscale. Avalanche and Milkomeda are slated to be added.<\/li>\n<li><a href=\"https:\/\/chessnft.com\/\">ChessNFT<\/a>. A platform for minting and trading non-fungible tokens themed around chess. An official project of the International Chess Federation (FIDE).<\/li>\n<li><a href=\"https:\/\/grandbazar.io\/\">GrandBazar<\/a>. The main NFT marketplace on Everscale. More than 3,300 unique tokens from 200 collections trade there.<\/li>\n<li><a href=\"https:\/\/everlend.app\/\">EverLend<\/a>. A decentralised lending protocol operating on principles similar to Compound. Users create pools of various assets from which funds can be borrowed at a dynamic interest rate.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">How is Everscale developing?<\/h2>\n<p>In February 2022 the project\u2019s key developers presented a roadmap for 2022.<\/p>\n<p>The plan envisages improvements to the protocol and the Ever OS operating system, more tools and documentation for developers, growth in NFT, DeFi and GameFi, and integration with other blockchains, notably Tezos and Cardano.<\/p>\n<p>The roadmap also calls for implementing zk-SNARKs and migrating to a new consensus algorithm.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Further reading<\/h2>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-blockchain-trilemma\">What is the blockchain trilemma?<\/a><\/p>\n<p>What is a hard fork?<\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-airdrop\">What is a cryptocurrency airdrop?<\/a><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-fantom-ftm\">What is Fantom?<\/a><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-are-cross-chain-bridges\">What are cross-chain bridges?<\/a><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-dao-decentralised-autonomous-organisation\">What is a DAO?<\/a><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-solana-sol\">What is Solana?<\/a><\/p>\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-theta-network\">What is Theta Network?<\/a><\/p>\n<p>What are layer-2 scaling solutions?<\/p>\n<p>What is Cardano?<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Everscale is an ecosystem whose blockchain is based on the open-source code of Telegram Open Network (TON). The network hosts several major DeFi and NFT projects. The native coin is EVER, and holders can vote in the DAO.<\/p>\n","protected":false},"author":1,"featured_media":37505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"2","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[2113],"tags":[2117,1777],"class_list":["post-37504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptorium","tag-101-altcoins","tag-everscale"],"aioseo_notices":[],"amp_enabled":true,"views":"83","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/37504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=37504"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/37504\/revisions"}],"predecessor-version":[{"id":37506,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/37504\/revisions\/37506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/37505"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=37504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=37504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=37504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}