What is Evanesco (EVA) | What is Evanesco token | What is EVA token
In this article, we’ll discuss information about the Evanesco project and EVA token
Evanesco, a decentralized and full-stack private finance protocol platform, is built on the Layer0 network infrastructure which is featured with complete communization. It provides a secure, elastic and pure distributed network infrastructure for the application of Web3.0 and cryptocurrency ecological platform. In the meantime, a high-efficiency and scalable protection is provided for privacy assets of smart contracts. Therefore, there are full-stack financial services characterized by safety, reliability and high efficiency for DeFi ecology. At the same time, Evanesco is also one of the eighth batch of projects of the Grants program for Web3 Foundation.
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.
How and Where to Buy Evanesco (EVA) ?
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 - Transfer your cryptos to an Altcoin Exchange
Since EVA is an altcoin we need to transfer our coins to an exchange that EVA can be traded. Below is a list of exchanges that offers to trade EVA in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase EVA from the Website: https://www.evanesco.org.
There are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once EVA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information EVA
☞ Website ☞ Whitepaper ☞ Source Code ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Message Board
🔺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.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!
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