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Question

Gate.io International (English)

Mariela tanchez

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from our audience…. Can you explain how Evanesco works? What role do EVA tokens play in the Evanesco ecosystem?

#crypto-exchange #cryptocurrency #english #gate.io

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30.09.2021

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Justin · Accepted Answer

There are three main factors that work in play within EVA. These consist of the following: a. The original Layer0 privacy network, which provides multi-hop privacy network transmission, hides the routing information of both sides of the transaction, isolates identity information, and strengthens the protection of traditional encrypted asset transactions. It makes DeFi transactions and NFT asset transactions possible, provide account book layer/account layer privacy mechanism, protects application layer privacy transactions, hides transaction content, and views and transfers transaction content and assets according to contract authority to achieve three layers of privacy protection for routing, assets, and transactions; b. The second is the advanced two-layer consensus mechanism of GPoW. The consensus consists of PoW miners and PoS validators, with PoS validators confirming transactions and sharing profits. On the other hand, PoW miners are tasked with minting tokens and electing PoS validators. They collaborate with each other to eliminate the potential risk of centralization to obtain a fairer and more trustworthy vision of building the next generation of financial ecology. GPoW consensus engine is developed based on hash rate proof mining algorithm and Polkadot’s GRANDPA algorithm; c. Third is an intelligent engine for private transactions. Evanesco provides varied decentralized privacy transaction groups for different tokens and NFT assets. The standard external interfaces feature superb scalability for the easy expansion of financial ecology. Evanesco is provided with the core components for synthesis and dismantling of various assets, thus providing a complete solution for privacy financial derivatives to the customers. In terms of Token usage, 80% of EVA is generated by mining, now, we are running our testnet AVIS , you can join in our AVIS testnet as mining nodes to earn AVS testnet token, which could be swapped to mainnet token EVA with 1:1 ratio, and after mainnet launchs, we also will spend much effort on our mining industry, to encourage more users or institutions joining us as mining nodes, that's very exciting!

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