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With live-tested transaction speeds of 64,000 TPS, infinitely scalable blockchain Everscale is undeniably one of the fastest out there, and if H1 2022 is anything to go by, its development progress is no less rapid.
Despite seriously bearish trends in the crypto market triggered in large part by the collapse of Terra’s LUNA token and UST stablecoin, and later compounded by a significant crisis for crypto lender Celsius, Everscale continued to bolster its already considerable advantages at a rate of knots, ticking off plenty of roadmap goals as it went. Listings on major crypto exchanges such as Huobi, KuCoin, and BitMartare a testament to the blockchain’s achievements over the period.
Everscale’s transaction costs were already comparatively very low before the recent developments, but Q1, which was still a green one for most tokens and positive for the industry in general, saw the platform’s gas fees reduce to just 0.014 EVER (currently around $0.0014). There was good news for anyone interested in building on the blockchain too, as all necessary documentation for everyone from validators and developers to NFT creators and regular users became available online in the platform’s docs database.
Everscale branched out in the first quarter as well, launching its lending protocol, whose users can earn from borrowing and lending wrapped EVER tokens (WEVER) and USDT. On top of that, the team got the Cardano-based decentralized exchange DEXADA off the ground, offering the community the as-of-yet rare ability to transfer liquidity from Cardano to other blockchains.
As if that wasn’t enough, the release of NFT SDK tools in Q1 enabled Everscale developers to take advantage of even more methods to cover all possible NFT use cases, thus boosting the capabilities of the platform’s highly advanced TIP-4 NFT standard, which was successfully implemented in Q2. The standard can already be found on NFT marketplace GrandBazar.
Another new arrival in the first quarter was that of the TIP-3 euro-pegged stablecoin EUPi on FlatQube, the DEX, which is an important part of Everscale’s ecosystem.
We might have expected things to slow down considerably with the onset of the crypto winter in Q2; however, it was then that Everscale proved it had only been getting warmed up in the previous quarter to really start blazing trails.
The second quarter saw Everscale begin its migration to the new Soft Majority Fault Tolerance…
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