Everscale (EVER) is a highly efficient and secure blockchain that boasts the ability to handle a large volume of transactions per second. Built on the Telegram Open Network (TON) architecture, Everscale emerged from the development of Telegram's own blockchain project, TON. Despite regulatory hurdles that halted TON's launch in 2019, a group of companies and teams adopted TON's existing protocol to establish the main Free TON network, later rebranding it as Everscale. Everscale positions itself as the most scalable blockchain network, offering features like sharding, dynamic multithreading, and low gas costs. It operates on a proof-of-stake (PoS) consensus mechanism, which not only rewards network participants for securing the network but also reduces energy consumption. With ambitions to power fast, secure, and scalable transactions for a wide range of applications, including gaming, finance, micro-payments, and online advertising, Everscale aims to become a decentralized platform for high-performance applications and foster an ecosystem of decentralized applications (dApps), such as exchanges, wallets, bridges, and gaming platforms.
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