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While Ethereum has proposed a sharding solution to its scalability trilemma, Everscale has already set the industry standard. 



Blockchain technology is integrating itself into the global economy, with its decentralized nature and efficiency garnering a great deal of attention.



With the soaring adoption of crypto, more and more people are getting involved in blockchain.



However, no matter how good any blockchain technology looks on paper, when it is used by a massive number of people, its scaling capabilities are invariably put to the test. Having an effective scaling mechanism is crucial as it can ensure that a blockchain can operate reliably, regardless of the transaction load.



On the scalability front, the Everscale blockchain does both storage and computation sharding and claims to be the most adaptive network in existence.  Here we’re going to dive into sharding and see what it is, how it works, and why it is important.



Everscale in a nutshell



The Everscale mainnet was launched on May 7, 2020. By a unanimous user vote, it changed its name from Free TON to Everscale on November 10, 2021.



What makes Everscale different is its scalability. The dynamic multithreading and storage sharding allows Everscale to perform 64k+ transactions per second without sacrificing security and decentralization. 



As opposed to networks operating with EIP-1559, load size doesn’t affect Everscale processing fees, making it a viable option for hosting CBDCs, GameFi, SocialFi apps, and other load-intensive projects.



What does Everscale bring to the table?



Everscale is the only blockchain that implements sharding both for storage and computation. While computational sharding has been employed with varying degrees of success by various L2s, storage sharding has not really been achieved by other networks. 



The proto-danksharding EIP may seem to be a solution, but it doesn’t actually “enable” sharding. 



For more on how Everscale sharding stacks up against that of Ethereum 2.0, check out the docs section on the Everscale site. 



For developers



Develop smart contracts in Solidity / C++Asynchronous executionReliable External Messaging Protocol (REMP), allowing it to be scalable, quick, and secure at the same timeDistributed programming SMFT consensusDedicated grants program for potential projects and new developers



For users



100k+ transactions per secondlow gas fees



For investors



Investment, farming, and staking opportunitiesUndervalued technology in the early stageEverscale is listed on Gate.io, KuCoin, HitBTC, PancakeSwap, Coinone, INDODAX, Huobi, MEXC, and CMC 







Why should developers build on Everscale?



Blockchain networks employ sharding, which is a database partitioning method. Networks do this to increase their scalability and the number of transactions per second they can handle. Entire blockchain networks are divided into smaller sections, or “shards,” by sharding.



While Ethereum initially proposed its plans for sharding, they have not been released yet. Everscale had the opportunity to learn from the mistakes and shortcomings of the Ethereum network.



The asynchronous architecture concept in Everscale is something that the network built from the ground up. All contracts exchange messages to communicate. 



For sharding to function properly, the only requirement is the synchronization of message queues across shards. The Everscale team pushed it up a notch and introduced endless sharding.



Everscale’s endless sharding



With its sharding capabilities, Everscale has massive network bandwidth. Beyond the fact that Ethereum sharding (eip4844) is still in the proposal stage. It is actually just one step towards sharding and not a sharding mechanism in its own right. It cannot guarantee data availability.



To avoid even the tiniest congestion, a new workchain can be created at any moment when the capacity of the present workchains is nearly 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 also keeping transaction costs at a minuscule level. This has made Everscale an ideal network for a number of high-load projects to launch and attracted talented developers from all over the world. 



Developers that enter into the fold are able to work on a scalable, decentralized world computer, complete with its own operating system, Ever OS. In addition to 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 size. 



Under the hood, Everscale has a plethora 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 to emerge as one of the most technologically sophisticated and exciting blockchains in existence. Developers looking to pick up the gauntlet and test their skills on the cutting edge of blockchain technology have answered the call and built up one of the most diverse ecosystems in all of DeFi around the network. 



EVER token



The EVER token powers the layer-1 PoS blockchain network. Users can trade EVER on several exchanges.



Ticker: EVERTotal supply: 2,049,945,261Tradeable on over 12 exchanges, according to CoinMarketCap



Roadmap



The team is working on several things for the upcoming months.



Q3 2022



Industrial formal smart contract verification toolsNFT bridge to EVM blockchainsGameFi pilotsLending protocol



Q4 2022



Optimizations for Block FinalityDecentralized Name ServiceDriveChainProtocol for Open Derivatives



Final thoughts



As a result of its adaptability, Everscale has the potential to serve as a decentralized hub for several blockchains. It can also serve resource-intensive applications like GameFi, DeFi, supply chains, and more.



Everscale is also one of the most refined blockchain networks. It incorporates several blockchain technologies into one. The network’s features make it capable of handling any load without congestion.



It has powerful developer tools like Solidity, C++, and client libraries for 13 languages and works on any platform. All these features make it the ideal blockchain to build your projects on.



FAQ



How to buy EverScale?– Everscale can be purchased from 12 different exchanges as per the data provided by CoinMarketCap.



Website | Twitter | Telegram Ann | Telegram | Discord
The post Is Everscale a Better Sharding Alternative Than Ethereum? appeared first on BeInCrypto.


While Ethereum has proposed a sharding solution to its scalability trilemma, Everscale has already set the industry standard.&#160; Blockchain technology is integrating itself into the global economy, with its decentralized nature and efficiency garnering a great deal of attention. With the soari...

beincrypto.com

Is Everscale a Better Sharding Alternative Than Ethereum?

At this point, meme coins Dogecoin and Shiba Inu are no strangers to attention from prominent personalities in the crypto space. From Elon Musk to Mark Wallace, support continues to pour in from the rich and famous worldwide. Former US congressional candidate David Gohshtein has also joined the list of individuals who support the cryptocurrencies, publicly announcing positions in both digital assets.
Supporting SHIB And DOGE
In a tweet, David Gohshtein expressed support for the top two meme coins, Dogecoin and Shiba Inu. Usually, there has been a divide between both communities sparked by the competition of Shiba Inu marketing itself as the “Dogecoin killer.” However, not everyone has played into this divide and instead continues to support both digital assets.

David Gohshtein, who is the CEO of Gohshtein Media, told his more than 690,000 followers that it was fine to hold both digital assets, saying, “I can be in both $SHIB and $DOGE.” He likened this to being told that he could not have an iPhone while using a Samsung phone, pointing to the fierce competition between these cellphone manufacturers. 

DOGE down more than 92% from all-time high | Source: DOGEUSD on TradingView.com
This builds on Gohshtein’s tweet from four months ago, where he had expressed that he was allowed to hold both meme coins. He reminded his followers that they were in the market to make gains and not to pick sides, which he likened to a “sporting event.” It is not surprising given that it has usually been a one or the other conversation when it comes to Dogecoin and Shiba Inu. 
Profitability Of Dogecoin And Shiba Inu
Even though both meme coins are fierce competitors and are often mentioned together, their performances have been vastly different in the market. It is even more apparent with the recent bull trend, where most digital assets have lost a significant portion of their values.
In terms of profitability, Dogecoin remains in the lead. Where only 24% of Shiba Inu holders are currently in profit, 46% of all wallets holding Dogecoin are currently in profit. This also shows a wide disparity in the loss margins of both digital assets. 52% of all DOGE holders are realizing losses, whereas 73% of SHIB holders are in loss. This shows that the vast majority of those who invested in the latter cryptocurrency are more likely to lose money.

Selling pressure on Shiba Inu has also been high lately. It was revealed that top Ethereum whales had dumped more than 1.2 billion SHIB tokens in a span of 3 days, worth tens of millions of dollars. This sell trend has adversely affected the price of the meme coin.
However, comparing the decline from their all-time highs put SHIB in the lead. Dogecoin is currently more than 92% down from its all-time high price of $0.7, while Shiba Inu is 87.59% down from its all-time high of $0.00008845.
Featured image from Vauld, chart from TradingView.com
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At this point, meme coins Dogecoin and Shiba Inu are no strangers to attention from prominent personalities in the crypto space. From Elon Musk to Mark Wallace, support continues to pour in from the rich and famous worldwide. Former US congressional candidate David Gohshtein has also joined the l...

bitcoinist.com

Former US Congressional Candidate Publicly Supports Dogecoin And Shiba Inu

With the completion of the Ethereum Merge, founder Vitalik Buterin has turned his attention to other things that could help improve the network. Ethereum Layer 2 protocols had been big business back in the bull market of 2021, and even now, they continue to gather support from network users who continue to use these roll-ups. Now, Buterin has pointed to the possibility of Layer 3 protocols on the network. Here’s what he expects them to do.
Ethereum Layer 3 Protocols
In a post, Ethereum founder Vitalik Buterin delves into the idea of Layer 3 protocols that have been circling the space now. At first, the idea started that with the functionality of the existing Layer 2 protocols, it was possible to build on them to provide even more scalability. Buterin refutes this in his post: “Unfortunately, such simple conceptions of layer 3s rarely quite work out that easily.” So what then can make a successful Layer 3 protocol?

The bottleneck comes from the data that needs to be stored on the blockchain as transactions are processed. Layer 2s already do a good job of compressing the data needed to store transactions on-chain but don’t eliminate the need to store data on-chain. Given this, once the data is already compressed once to reduce its size, it is impossible to compress it again. This means that it is not possible to get more scaling by just building a Layer 3 rollup onto a Layer 2 roll-up.

ETH price trending above $1,300 | Source: ETHUSD on TradingView.com
The natural conclusion for how Ethereum Layer 3 protocols would then work would be that they would have different functionalities from the already existing Layer 2 protocols. So, where an L2 would be focused on scaling, an L3 would go towards more specialized functionality like privacy. This discards the idea of wanting to ‘improve’ upon the compression of Layer 2 and instead gives L3s something new to work and focus on. 
This customized functionality can go towards anything, really. It can go towards customized scaling where applications could use compressed data for specific applications according to a particular data format, doing computations using something other than EVMs, etc. Buterin also notes that where Layer 2 solutions are for trestles scaling, Layer 3s can be for “weakly-trusted scaling (validiums).”
Layer 3s would also likely provide better operations for cross-chain transactions as the “three-layer model allows an entire sub-ecosystem to exist within a single rollup, which allows cross-domain operations within that ecosystem to happen very cheaply, without needing to go through the expensive layer 1.”

The Ethereum Layer 3 protocols are still very much a concept idea right now, but the Ethereum founder points to a framework that was proposed by Starkware as one that carries a lot of promise. This more sophisticated framework goes beyond the school of thought of just stacking another layer atop a Layer 2 and expecting it to increase the compression. Buterin points out that this is a good idea “if it’s done in the right way.”
Featured image from The Ecoinomic, chart from TradingView.com
Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
 


With the completion of the Ethereum Merge, founder Vitalik Buterin has turned his attention to other things that could help improve the network. Ethereum Layer 2 protocols had been big business back in the bull market of 2021, and even now, they continue to gather support from network users who c...

Ethereum Layer 3 Protocols Might Be A Thing, Here’s What To Expect

Metaverse and web 3 developments are attracting South Korea’s attention as the sectors continue to develop. As of now, the government invested around $200 million in the sectors. On the other side, state authorities have struggled to design effective regulatory frameworks like other jurisdictions around the globe introducing new cryptocurrency rules.
In a meeting of the country’s National Data Policy conducted on Wednesday, the Ministry of Science and ICT (MSIT) issued new guidelines on crypto policies to enable the fast growth of Metaverse.
Related Reading: Why Amazon Was Chosen By The European Central Bank To Develop Its Digital Euro
Agency planned the new rules considering the need for fresh regulatory frameworks for rapidly growing Metaverse, OTT streaming organizations, and autonomous vehicle platforms. Citing concerns about the development of Metaverse technology in the state, the officials touted existing regulations as a stumbling block in the ecosystems that slowdowns developments.
A rough translation of the press release revealing the official’s stance on proposed regulations reads;
Establish guidelines for classification of game products and metaverses for rational and consistent regulation and support for enactment of related laws (enactment of special metaverse laws, etc.
However, the designation of the old rules is still on the table that wins the support of a couple of committee members. Park Yoon-kyu, the Director General of the ICT Policy at MSIT, pointed toward the supportive policies on the other hand. He noted at the event;
We will not make the mistake of regulating a new service with an existing law.
Metaverse’s coin SAND currently trades around $0.87. | Source: SANDUSD price chart from TradingView.com
MSIT To Remove Legal Hurdles In Metaverse Growth
Notably, South Korean law enforcement has stopped gaming platforms from running cashable reward programs. These rules also apply to blockchain-based companies while NFTs are transferred as a reward in a distributed ledger-based gaming environment. And applying similar policies on Metaverse will shut down the door for gaming in digital space. That’s why MSIT’s official expressed worries about the implementation of fresh legislation that supports the state’s million-dollar investment.
Nevertheless, Metaverse already developed a reward system in South Korea implemented by SK Telecom’s Ifland virtual world. It lets specific users liquidate their rewards earned in a game by allowing them to spend loots online.
A newly elected president of the country, Yoon Suk-yeol, has expressed his interest in digital assets and rolled out many developments and policies in favor of digital transformation since he came into power.
MSIT’s positive approach to digital assets and its designation in the leading role in supervising the digital ecosystem in the coming days opens the way for crypto enthusiasts to drive relevant regulations.
South Korean Authorities Ramp Up Efforts To Fight Bad Actors
Besides the country’s interest in Metaverse and blockchain technology, South Korean authorities have been on their toes to crack down on the crypto companies facilitating cybercriminals and fraudsters.
Related Reading: Do Kwon, Who’s Wanted By The Cops, Says He’s Not On The Run
In this slew, the founder and CEO of the now collapsed project TerraLuna, Do Kwon, faced prosecutions in South Korea. Prosecutors accused him of defrauding the crypto investors without warning investors about the risk that both digital currencies, Luna and USTC, can plummet together. Consequently, prosecutors have reached out to authorities to cancel the passports of Terra’s CEO and employees.
Featured image from Pixabay and chart from TradingView.com


Metaverse and web 3 developments are attracting South Korea&#8217;s attention as the sectors continue to develop. As of now, the government invested around $200 million in the sectors. On the other side, state authorities have struggled to design effective regulatory frameworks like other jurisdi...

South Korea Plans New Regulatory Framework To Accelerate Metaverse Growth

PRESS RELEASE. In the face of financial regulators’ overall negative attitude toward digital assets, P2P marketplaces have become the platforms of choice across Africa. As the world leader in P2P cryptocurrency exchange, Kenya has drawn much attention from many P2P exchange service providers. Bitpapa is one of them, and it has recently entered the Kenyan crypto market.
 As a global P2P marketplace operating worldwide, Bitpapa has been offering cryptocurrency trading services since 2018, only a matter of time before it entered the highly lucrative Kenyan cryptocurrency market.
Thanks to Bitpapa, now users can trade their Bitcoin (Ethereum, TON, Monero and USDT) for the Kenyan shilling in a safe and secure P2P environment via a website, mobile app or a Telegram bot (unique among crypto trading platforms). 
There is the ease of convenience for users via a simple registration with an email address. No ID verification is required or confirmation with a phone number. Users can start trading immediately after activating their account by following a link sent to their email. There are no limits to how much a user can trade daily, even if they stay unverified. 
On the Bitpapa platform, there is a policy that dictates the fair and equal treatment of all account users. The friendly and knowledgable support staff is available round the clock 24/7 to help with any issues or queries. 
The marketplace always protects the trades on the platform, whether the user is the buyer or the seller. When a user buys cryptocurrency, Bitpapa can assure them that the seller will go through with the deal. The purchased cryptocurrency is locked in escrow, which prevents malicious traders from ripping a user off. If the seller doesn’t release coins once paid, a user can start a dispute, and then the marketplace intervenes.
For the sellers, the coins are released only after receiving payment, and the burden of proof is on the buyer. Therefore, the buyer must prove that the buyer transferred the payment to the seller according to the provided details.
A trade is either transacted, and the counterparties receive their due, or it gets cancelled with no one losing anything. 
It is not uncommon to use P2P marketplaces as remittance services. Internal transfers on Bitpapa are instant and free of charge, and a user can use them to send coins from one user to another. All wallet addresses remain the same – Bitpapa knows which belongs to the marketplace and automatically distinguishes between internal and external addresses.
Moreover, with the powerful Telegram bot, users can create Bitpapa codes and give them to their friends or customers. People can then redeem these codes on Bitpapa to top up their balance on the platform at no cost.
Now that Bitpapa has launched in Kenya, the competition in this market is heating up. Cryptocurrencies have excited Kenyan users worldwide, and Bitpapa aims to be their go-to platform for crypto exchange and trades. 
 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



























PRESS RELEASE. In the face of financial regulators&#x2019; overall negative attitude toward digital assets, P2P marketplaces have become the platforms of choice across Africa. As the world leader in P2P cryptocurrency exchange, Kenya has drawn much attention from many P2P exchange service provide...

Basic Attention price	$0.301923
Low - High 24H	$0.298567 - $0.311043
Market cap	$452.23M
Volume 24H	$25.09M
All time high	$1.90 -84.11% November 28th 2021
All time low	$0.072394 317.13% July 16th 2017
Genesis date	N/A

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