Everscale

What is Everscale

Everscale is a new and unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system. The network is based on a platform called Ever OS, lineary scaleable and capable of processing up to a million of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.

Everscale presents some new and unique properties, such as dynamic multithreading, soft majority consensus and distributed programming, which enable it to be scalable, fast and secure at the same time. It is governed by a decentralized community founded upon meritocratic principles via Soft Majority Voting protocol.

Everscale has powerful developer tools, such as compilers for Solidity and C++, SDK and API, client libraries ported to more than 20 languages and platforms, a range of decentralized browsers and wallets empowering many applications in DeFi, NFT, tokenization and governance domains.

Proof of Stake

Everscale DePools are smart contracts designed to receive investment stakes from the Participants, transfer the pool funds to the elector system contract to participate in the elections round and, after the end of the validation cycle, distribute the stakes with rewards back to the participants.

Staking

Simply choose validators (depools) who you trust and nominate them. You can choose the amount you stake in your wallet as few as 10 EVER per round (even or odd).

To get the maximum reward, split your stake into two parts and make sure to invest in bot even and odd rounds.

Rewards

Rewards are paid by the Elector system contract after each validation cycle and are distributed by depools between stakeholders in proportion to their stake.

A small part of reward (typically 5%) goes to the validator node, the rest serves as a basis for distribution between all stakeholders.

Unstaking

"The staked coin is locked in the depool for the duration of validation round (up to 54 hours) and cannot be withdrawn until then.

To withdraw your tokens from specific rounds, make sure to put the withdrawal request until the round ends. You can track validation rounds using network explorers tonscan.io or ever.live.

In case no withdrawal request is done before the validation cycle ends, the reward will be automatically added to your stake amount and participate in validation.