Everscale is a blockchain platform that utilizes a multi-threaded architecture to achieve transaction processing speeds of millions per second. This technology addresses the scalability limitations of traditional blockchain networks, enabling efficient operation for decentralized applications.
Funding
Funding not disclosed
Founders
Product
Problem
Existing blockchain networks often struggle to handle high transaction volumes and complex decentralized applications, leading to slow speeds and high fees. This limits their usability for mainstream applications like games, social media, and high-frequency financial transactions.
Solution
Everscale is a fifth-generation blockchain platform designed to overcome the scalability limitations of earlier blockchains. It employs a multithreaded architecture and a Turing-complete virtual machine (TVM) capable of processing transactions at speeds ranging from thousands to millions per second. The platform supports asynchronous Solidity smart contracts and offers a suite of developer tools, enabling the creation of scalable and efficient decentralized applications. Everscale also features a distributed token standard (TIP-3), paid storage mechanisms for cost-effective transactions, and cross-chain transfer capabilities via the Octus Bridge.
Target Audience
Everscale targets developers building decentralized applications that require high throughput and low transaction fees, as well as enterprises seeking a scalable blockchain solution for various use cases.
Features
- Asynchronous Solidity smart contracts for flexible and parallel execution
- Turing-complete TVM capable of processing high transaction volumes
- TIP-3 token standard for efficient digital asset transactions
- Paid storage to reduce transaction costs for end-users
- Octus Bridge for fast cross-chain transfers with Ethereum, BNB, Polygon, Solana, Avalanche, and Fantom
- REMP (Reliable External Message Passing) for guaranteed external message processing
- Locklift IDE plugin for streamlined smart contract development
- On-chain governance mechanisms for community-driven development