What is Evanesco Network (EVA) | What is Evanesco Network token | What is EVA token
In this article, we’ll discuss information about the Evanesco Network project and EVA token
EVA is an financial protocol platform in the Web3 ecology that combines Layer0 network infrastructure and privacycomputing framework. Based on the double-layer consensus mechanism, EVA not only provides a decentralized, flexible and secure network infrastructure for the cryptocurrency ecology, but also support the scalable and efficient protection of private assets for smart contracts. It provide safe, reliable and efficient network access and encrypted financial services for the Web3.0 application and DeFi ecology. - Layer0 Privacy network :The unique privacy network protocol in Web3, hide the routing of both parties in the transaction, multi-chain support.
- Scalability and Interoperability:Based on the interoperability of crosschain gateway and the high scalability of the underlying privacy virtual machine, EVA ensures seamless connection with external networks, oracles, and interfaces, and supports a highly liquid DeFi ecosystem.
- Private financial transactions:Scalable and efficient privacy protection at the financial contract layer, providing end-to-end anonymous transaction capabilities, maximizing decentralized financial ecosystem service capabilities.
Full-stack Privacy Protection for Web3
The traditional financial ecology is characterized by the obvious high centralization, professionalization and privacy. Since the appearance of bitcoin, there is another broad world, namely a cryptocurrency ecology with the decentralization, extremely low threshold of participation and certain privacy. Today, with the popularity of Defi ecology, the decentralized consensus and transparent and searchable features of the blockchain ledger constitute the trust foundation for Defi, but it also causes problems in the users’ asset privacy. Especially when the access network is attacked, the transaction content is leaked and the privacy of assets is threatened.
EVA lays equal importance on the earnings risk and account transaction privacy of a complete Defi network, so it provides a full-stack privacy protection for the application of Web3 and Defi ecology: Layer0 network infrastructure and BulletProof privacy computing framework based on account model.
Layer0 Network Infrastructure
The current bottom of Internet consists of multi-protocol, multi-level, centralized managed infrastructure. The traditional blockchain transactions are carried out in the open point-to-point network. Even if transactions are broadcast through existing anonymous network protocols, there is a certain risk of centralization. The stability of the network is completely dependent on the operation status of the centralized network.
Evanesco first created Layer0 network protocol in Web3 ecology. It is built on the existing Internet protocol layer. An open and private P2P network is composed with network miners, which can provide data security communication services while mining, so as to maximize the communization and security of user network.
The user’s access location is concealed, so it is very difficult to monitor and track traders. At the same time, the transaction data are protected by the protocol and will not be peeped by miners’ nodes while being verified.
Layer0 network can not only support EVA data communication, but also provide a full-stack privacy and security data communication services for decentralized Dapp, Defi, Dex, various blockchain platforms, as well as centralized wallets, exchanges, Internet applications, etc.
Bulletproof Privacy Computing Framework Based on the Account Model
The traditional blockchain transaction contents are available to all. The general symmetric and asymmetric encryption algorithms cannot meet the high efficiency and privacy needs of certain financial activities.
Evanesco implements the balance hiding technology that is based on the account model, and the transaction contents are not available for a third party except the two sides of the transaction. Zero-knowledge proof technology is introduced into the smart contract system. EVA privacy algorithm has the characteristics of no initialization, real-time, non-interactive, high efficiency and scalability.
EVA’s privacy computing framework is improved from Ethereum’s EVM. The original Ethereum contract developers will be very familiar with the contract platform, which can reduce the learning threshold , as well as the wallet or application access threshold.
How does EVA protect users’ assets safety?
1）C-terminal is accessed privately from the physical link layer. Therefore, the anonymity and security are significantly better than other public blockchains.
2）For the private access of institutions or bulk users, the security and anonymity of B-terminal are improved greatly, which reduces the risk of hackers and transaction tracking sharply.
3）In the privacy network supported by network miners, zero-knowledge proof algorithm can maximize the security of ledger on the basis of high-efficiency verification.
GPoW Two-layer consensus mechanism
In order to provide a decentralized, more efficient and consistent consensus mechanism for the entire financial ecology, EVA uses GPoW consensus algorithm to perform token generation and final consistency identification.
GPoW consensus includes two layers of consensus mechanism, which are nested, indluence each other and play different roles. GPoW algorithm not only provides almost real-time, asynchronous and safe finality similar to GRANDPA algorithm of Polkadot, but also can fairly distribute new tokens according to the proportion of PoW and pledge tokens, enabling a wider range of communities to go in for the constrction of the whole ecology.
Role of EVA Network
Open, Win-win and Multi-ecological Defi Empowering
As the most suitable financial ecology with blockchain technology, EVA hopes to break the liquidity boundary, cooperate with multiple chains, and learn from each other on the basis of the ecological potential of Web3. The mobility of privacy economy will be brought to all aspects of the ecology, so as to enrich the encryption ecological scene.
Privacy Financial Platform
EVA, relying on the smart contract platform of privacy computing framework, will integrate the distribution, management, transfer, cross-chain interoperability of privacy assets, and provides the standardized smart contract interface.
Privacy Service Interface
Evanesco endows privacy liquidity to wallets, exchanges and aggregated trading services. Through the conversion, diversion and collection of the liquidity of interface-encrypted assets, the servitization of private transactions and the non-influence of users can be realized. EVA will not involve the community ecology of wallet, exchange and various aggregated trading service providers, but only provide the link service between the application layer and the infrastructure layer. The service will also be provided by many community nodes to maximize the ecological benefits.
Multi-ecological Mobility Sharing
EVA enables users to share other public blockchains and private ecological mobility through cross-chain gateway. By deploying Defi applications in different ecosystems, financial service providers can provide differentiated services in multiple ecosystems, such as small amount of high liquidity swap in open ecosystem and large amount of low liquidity digital assets in privacy dark pool.
Features
Next Privacy Network
EVA provides privacy schemes for each step and different levels of the complete transaction process to achieve higher security of encrypted assets, based on a variety of privacy technologies.
Routing Privacy
Multi-hop private network transmission conceals routing information of both parties to the transaction and isolates their identity information.
Asset Privacy
It offers increased security for encrypted token assets and non-fungible token, and makes anonymous mechanisms available at the ledger and the account level.
Transaction Privacy
Protecting private transactions at the application layer conceals transaction contents, and allows user to view and transfer transaction contents and assets according to contract authority.
Efficient and Safe Consensus System
EVA’s unique dual consensus system enables enhanced security, increased decentralization and efficiency, lower user transaction costs and superior transaction experience.
POW Hash Rate Safety
EVA using the traditional reliable POW hash rate model delivers a fairer and more stable miner community and ensure the overall network security.
Efficient Trading Network
EVA integrating a POS-based two-tier transaction collector network is more consistent with Polkadot ecology and reaches upgraded operation efficiency, guaranteeing the final consistency of transactions.
Powerful Privacy Transaction Engine
Decentralized Transaction Group
EVA presents varied decentralized private transaction groups and standard external interfaces for different tokens and non-fungible assets, and facilitates financial ecological expansion with superb scalability.
Asset Aggregation Group
EVA boasts the core components for the synthesis and dismantling of various assets, thus handing over a complete private financial derivatives solution to the customers.
All-round Ecological Drive
POW Mining
EVA is built on the traditional POW hash rate network, where miners maintain the core position in the ecology, and the distribution of new tokens can only be generated through miners’ mining, which is fairer and caters for requirements of a more sustainable ecology.
PEX as a Service
EVA endows privacy liquidity to OTC, wallet, Exchanges and aggregated trading services. The conversion, diversion and collection of interface-based encrypted asset liquidity lead to the intelligent service of private transactions.
DAO
EVA will gradually establish DAO voting iteration mechanism, improve DeFi support system, refine technology development proposals in the community, and shape a decentralized governance model in steps.
Decentralized Finance
EVA bridges the gap between existing decentralized finance and privacy ecology by building a privacy DeFi platform-XV-Core, and boosts community participants to transplant different projects or innovate models in EVA.
Full-stack Private Finance Protocol Platform
Private financial open platform
Private asset issuance, management, transfer, cross-chain interoperability, standardized smart contract framework.
Private DeFi lending market
Cross-chain assets and synthesize special assets for decentralized lending business, privacy contracts verify various lending activities on the premise of ensuring the consistency of asset data.
Privacy NFT market
Make NFT private, hide the identity and payment information of the transaction, protect the privacy of both parties in the transaction, and do compliance audits, such as mapping PoW computing power to NFT assets to participate in DeFi.
Multi-DeFi Empowerment
EVA shares the external chain and privacy ecological fluidity through a cross-chain gateway to empower the DeFi ecosystem .
How and Where to Buy EVA token?
EVA token is now live on the Ethereum mainnet. The token address for EVA is 0xd6caf5bd23cf057f5fccce295dcc50c01c198707. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough ETH in your wallet to cover the transaction fees.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $ETH to your new Metamask wallet from your existing wallet
Next step
Connect Metamask wallet to Uniswap Decentralized Exchange and Buy, Swap EVA token
Contract: 0xd6caf5bd23cf057f5fccce295dcc50c01c198707
Read more: What is Uniswap | Beginner’s Guide on How to Use Uniswap
The top exchange for trading in EVA token is currently Uniswap v2
Find more information EVA
☞ Website ☞ Explorer ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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