While Ethereum has proposed a sharding solution to its scalability trilemma, Everscale has already set the industry standard.
Blockchain technology is integrating into the global economy, with its decentralized nature and efficiency attracting a lot of attention.
With the rapid spread of crypto, more and more people are dealing with blockchain.
However, no matter how good a blockchain technology looks on paper, when it is used by a large number of people, its ability to scale will inevitably be put to the test. An effective scaling mechanism is crucial as it can ensure that a blockchain will function reliably regardless of the transaction load.
In terms of scalability, the Everscale blockchain performs both memory and compute sharding and claims to be the most adaptable network out there. Here we will look at sharding and see what it is, how it works and why it is important.
Everscale in a nutshell
That Everscale mainnet was launched on May 7th, 2020. By unanimous vote of users, it changed its name from Free TON to Everscale on November 10, 2021.
What makes Everscale different is its scalability. Dynamic multithreading and memory sharding enables Everscale to perform Over 64,000 transactions per second without sacrificing security and decentralization.
Unlike networks running EIP-1559, load size does not affect Everscale’s processing fees, making it a viable option for hosting CBDCs, GameFi, SocialFi apps, and other load-intensive projects.
What is Everscale bringing to the table?
Everscale is the only blockchain implementing Sharding for both storage and computation. While computational sharding has been used by various L2s with varying degrees of success, storage sharding has not really been achieved by other networks.
The proto-thanksharding EIP seems like a solution, but it isn’t “enable” Shards.
For more information on how Everscale sharding compares to Ethereum 2.0, see the documents section of the Everscale website.
- Develop Smart Contracts in Solidity / C++
- Asynchronous execution
- Reliable External Messaging Protocol (REMP), making it scalable, fast, and secure at the same time
- Distributed programming SMFT consensus
- Special funding program for potential projects and new developers
- Over 100,000 transactions per second
- low gas fees
- Investment, farming and employment opportunities
- Undervalued early stage technology
- Everscale is listed on Gate.io, KuCoin, HitBTC, PancakeSwap, Coinone, INDODAX, Huobi, MEXC and CMC
Why should developers build on Everscale?
Blockchain networks use sharding, a database partitioning method. Networks do this increase their scalability and the number of transactions per second they can handle it. Whole blockchain networks are divided into smaller sections or “shards” by sharding.
While Ethereum initially proposed its plans for sharding, they have not yet been made public. Everscale had the opportunity to do this learn from the mistakes and shortcomings of the Ethereum network.
That asynchronous architecture Concept in Everscale is something the network built from the ground up. All contracts exchange messages to communicate.
For sharding to work properly, the only requirement is cross-shard synchronization of message queues. The Everscale team took it one step further and introduced it endless sharding.
Everscale’s endless sharding
With its sharding capabilities, Everscale has massive network bandwidth. Except that Ethereum Sharding (eip4844) is still in the offer phase. It’s actually just a step towards sharding and not a standalone sharding mechanism. Data availability cannot be guaranteed.
To avoid even the slightest overload, a new workchain can be created at any time when the existing workchains are almost full. This is one of the advantages of Everscale’s dynamic sharding protocol.
Everscale’s sharding mechanism has enabled it to achieve some of the fastest processing speeds in the industry while keeping transaction costs at minuscule levels. This has made Everscale an ideal network to launch a range of high-utilization projects and attracted talented developers from around the world.
Developers joining the group can work on a scalable, decentralized world computer, complete with its own operating system, Ever OS. In addition to the usual blockchain features like Turing-Complete smart contracts and a Solidity compiler.
Ever OS also has decentralized user interfaces and can process messages in parallel, a feature that allows it to adapt to the needs of any dApp, regardless of its size.
Under the hood, Everscale has a wealth of developer tools including two different compilers, APIs, an SDK, a local node for dApp testing, and client libraries for 13 different programming languages.
All of this has helped the network evolve into one of the most technologically sophisticated and exciting blockchains in existence. Developers looking to take up the gauntlet and test their skills on the cutting edge of blockchain technology have answered the call and have built one of the most diverse ecosystems in all of DeFi around the network.
The EVER token powers the Layer 1 PoS blockchain network. Users can trade EVER on multiple exchanges.
- Ticker: ALWAYS
- Total offer: 2,049,945,261
- Tradeable on 12+ exchanges according to CoinMarketCap
The team is working on several things for the coming months.
- Industrial formal smart contract verification tools
- NFT bridge to EVM blockchains
- GameFi pilots
- loan log
- Optimizations for block finality
- Decentralized naming service
- drive chain
- Open Derivatives Protocol
Because of its adaptability, Everscale has the potential to serve as a decentralized hub for multiple blockchains. It can also serve resource-intensive applications like GameFi, DeFi, supply chains, and more.
Everscale is also one of the most sophisticated blockchain networks. It combines multiple blockchain technologies into one. The characteristics of the network make it able to handle any load without congestion.
It has powerful developer tools like Solidity, C++ and client libraries for 13 languages and works on any platform. All of these qualities make it what it is the ideal blockchain to base your projects on.
- How do I buy EverScale?– Everscale can be bought on 12 different exchanges according to the data provided by CoinMarketCap.
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