How To Buy Everscale (EVER)?

A common question you often see on social media from crypto beginners is “Where can I buy Everscale?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Everscale (EVER)

First, you will need to open an account on a cryptocurrency exchange that supports Everscale (EVER).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Everscale (EVER) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Everscale (EVER)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Everscale (EVER) or Everscale (EVER) trading pairs. Look for the section that will allow you to buy Everscale (EVER), and enter the amount of the cryptocurrency that you want to spend for Everscale (EVER) or the amount of fiat currency that you want to spend towards buying Everscale (EVER). The exchange will then calculate the equivalent amount of Everscale (EVER) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Everscale (EVER) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Everscale (EVER)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Everscale (EVER)?

Everscale is a fast, secure, and scalable blockchain capable of handling millions of transactions per second on demand. You can think of Everscale as a huge, distributed supercomputer, or rather, as a huge “super server” designed to host and provide various services.

The history of Everscale begins with the creation of another project – Telegram Open Network (TON), developed by the best specialists of Pavel Durov’s Telegram team. TON was designed as a decentralized ecosystem based on the principles of P2P networks that implement messaging, value, data storage, and an entire operating system to run decentralized applications. The transaction speed in TON is so high and stable (1 million transactions per second) that the project was ready to compete with MasterCard and Visa.

After attracting more than $ 1 billion in funds for the development of the network, the SEC became interested in the project, deciding to close it due to several regulatory violations.

After the official closure of the project, the TON source code was made publicly available, attracting the interest of professional validators and developers, and thereby laying the foundation for the Everscale network. Thus, the technological basis of the Everscale blockchain is the well-known TON project.

The Everscale community began to grow rapidly immediately after the launch of the network, attracting like-minded people around the world.

The key principle of the network is complete decentralization, including at the level of project management, therefore all Everscale development takes place thanks to Sub-goverances. Sub-governances are a range of community groups with significant expertise in a variety of industries. These groups make proposals for the development of the network in various directions (DeFI, e-sports, NFTs, etc.), receiving rewards in $EVER in case of successful implementation of the initiative.

How does Everscale (EVER) work?

The Everscale blockchain is actually a collection of blockchains, because no single blockchain project is capable of achieving the goal of processing millions of transactions per second, as opposed to the now-standard dozens of transactions per second. The blockchains in this collection are: The unique master blockchain, or masterchain for short, contains general information about the protocol and the current values of its parameters.

Several (up to 232) working blockchains, or workchains for short, act as the main workers of the network containing the value-transfer and smart-contract transactions. Different workchains may have different “rules”, meaning different formats of account addresses, different formats of transactions, different virtual machines (VMs) for smart contracts, different basic cryptocurrencies and so on.

Each workchain is in turn subdivided into up to 260 shard blockchains, or shardchains for short, having the same rules and block format as the workchain itself, but responsible only for a subset of accounts, depending on several first (most significant) bits of the account address.

Each block in a shardchain (and in the masterchain) is not just a block, but a small blockchain. Normally, this block “blockchain” or “vertical blockchain” consists of exactly one block, and then we might think this is just the corresponding block of the shardchain (also called “horizontal blockchain” in this situation). However, if it becomes necessary to fix incorrect shardchain blocks, a new block is committed into the “vertical blockchain”, containing either the replacement for the invalid “horizontal blockchain” block, or a “block difference”, containing only a description of those parts of the previous version of this block that need to be changed. This is a TON-specific mechanism to replace detected invalid blocks without making a fork of all shardchains involved. Each shardchain (and the masterchain) is not a conventional blockchain, but a blockchain of blockchains.

Everscale has the following features and advantages that are important for understanding over other blockchains:

• Infinite Sharding Paradigm – the network automatically increases the number of shards when the load increases and decreases when it decreases.
• Instant Hypercube Routing – in Free TON, you can directly access your account from any shard, without having to go through the entire chain of other shards.
• TVM – TON Virtual Machine (improved analogue of EVM), which supports Turing complete smart contracts and allows writing in Solidity and C ++.
• Token Formats – The network supports the ability to create up to 232 different tokens. The Free TON architecture is a truly new approach to blockchain technology implementation.

Everscale development updates in 2023

Everscale, a dynamic and innovative blockchain platform, has seen several key developments in 2023. These updates underscore the platform’s commitment to enhancing security, efficiency, and user experience. Here’s an overview of the most significant updates:

• Soft Majority Fault Tolerance (SMFT):

  • Current Status: The Everscale network operates with 20 servers, exhibiting intermittent drops under a constant, small load. An ongoing resolution is in place for the election process.
  • Short-term Plans: The focus is on maintaining a constant workload for testing, developing arbitration, deploying for public tests, and conducting tests and fixes.

• Reliable External Message Protocol (REMP):

  • Current Status: REMP is being integrated with the RFLD network and currently functions well at 500 transactions per second (tps) under load testing.
  • Short-term Plans: Plans include merging REMP with temp_rc, starting public tests, and conducting high-load testing of REMP.

• Everscale Node Development:

  • Current Status: The latest update includes a new block version (35) with optimizations and minor fixes, in addition to REMP preparation and testing.
  • Short-term Plans: The deployment of the current version is underway, with work on sending bounce messages in the action phase and clearance of old PR and ISSUE git due to rebranding. Efforts are also focused on decreasing the network’s gas fees.

These updates, along with ongoing documentation work and upcoming AMA sessions dedicated to REMP, mark a significant milestone in Everscale’s evolution. The Everscale community is eagerly anticipating these developments, which are expected to enhance the platform’s overall performance and utility​​​​.

Official website: https://everscale.network/

Best cryptocurrency wallet for Everscale (EVER)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Everscale (EVER)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).