With the integration of blockchain technology in the modern digital age, DeFi has definitely been on the forefront of the future of online banking/digital banking. With that being said, EVANESCO has been on the rise to be the industry leader with it’s Double Layer Consensus Algorithm, GpoW adopted from Polkadot.
Evanesco’s technology will help ensure security and stability in the Defi Landscape. The project is a financial protocol platform that combines Layer0 network infrastructure and privacy computing framework. And to simply put it, they provide privacy protection for the current blockchain transaction network, and their privacy protection is the whole process, from the bottom layer of peer-to-peer network to the blockchain ledger layer, and then to the application layer, such as wallets, exchanges, and DeFi/NFT transactions, etc., and all of these can obtain privacy liquidity through our privacy protocol technology.
The magic of EVA begins when a transaction occurs, users may not see each other’s addresses and balance information, and third-party institutions can’t monitor the transaction path and balance information between us, and even the IP information of our transaction equipment. What makes Evanesco stand out is that it’s the First ever privacy protocol of Polkadot or DOT, the Eco layer 0 network. This enables routing info from both parties to be kept completely hidden and away from any 3rd parties whatsoever, and stays true and the same with transactions. It also Uses a computing framework that empowers cross-blockchain DeFi which allows users to share liquidity with other blockchains through cross chain gateways.
Lastly, The EVA Token is the governance token and can be paid as a transaction fee. The total EVA is 1 billion, and the total mining amount is 400 million.
The main roles Of EVA are utilized for transaction fees, private data routing, cross-chain commission fees, asset transaction/synthesis fees, asset issuance fees, cross-chain gateway and transaction verifier pledge fees, etc.
To find out more about EVA, you may refer to the links below:
Medium:
https://evanesco-networks.medium.com/Twitter:https://twitter.com/evanescoio
White Paper website:
https://evanesco.org/Telegram:
https://t.me/EvanescoIO