What Is Evanesco Network (EVA)?

Evanesco Network is a financial protocol platform in the Web3 ecology that combines a Layer zero network with privacy computing framework and is based on the Polkadot ecosystem. Layer zero network is the protocol that allows nodes to share their bandwidth, computing power, and other resources to obtain incentives. The platform’s goal is to build the next generation of decentralized new privacy financial ecology protocol families fairly and reliably. However, relying on the Polkadot secure private network, the platform intends to mainstream cross-chain adaptation mechanism, develop a powerful privacy transaction engine and create an equitable ecology network of private finance.

According to its whitepaper, the features of a blockchain, such as openness, transparency, and difficult-to-tamper, have accelerated the emergence of the modern decentralized finance ecosystem. However, in some fields, including cryptocurrency and the traditional financial market, the aforementioned features are not suitable for developing the financial activities and privacy of the transaction process. Thus, EVA facilitates users with a complete decentralized financial network with a privacy layer, concerned about income risks and account transaction privacy while using any finance-related application and funding DeFi projects.

Further, Evanesco Network aims to support cross-platform cryptocurrency ecology, including various blockchain platforms, DeFi projects, NFTs, and Web3 services. The team intends to create a protocol stacks of public chains, private transactions and liquidity, and a robust DeFi operation platform based on privacy network and transaction technology.

Besides this, the platform seeks to provide various encryption ecological access and privacy transaction liquidity to other public chains, exchanges, wallets, DAO, etc., with the help of private peer-to-peer networks and standardized trading interfaces. Additionally, EVA has a unique dual consensus system for security purposes, including POW hash rate safety and POS for maintaining efficiency in the mining and trading network. Subsequently, the dual consensus enables the platform to enhance security, increase decentralization and efficiency, lower user transaction costs and improve the transaction experience.

EVA is network-wide governance and a transaction fee token with a maximum supply of one billion tokens to empower the Evanesco Network ecology. Users can use EVA tokens for various scenarios such as Privacy Transfering Transaction Fee, Cross-Chain Transfer Fees, Layer 0 Network Usage Fee, Asset Issuance/Conversion, and Gateway/Verifier Pledge.