Everscale

FAQ's

What is Everscale?

Everscale is based on a flexible multi-blockchain platform called TON Blockchain, capable of processing millions of transactions per second, with Turing-complete smart contracts, upgradable formal blockchain specifications, multi-cryptocurrency value transfer, support for micropayment channels and off-chain payment networks. TON Blockchain presents some new and unique features, such as the “self-healing” vertical blockchain mechanism and Instant Hypercube Routing, which enable it to be fast, reliable, scalable and self-consistent at the same time.

How to Run a Validator?

You can follow the team’s guide on How to Run a TON Validator here.

Validators – support the operation of the virtual server and have a significant amount of EVER. The community hosts contests with an award for the most responsible nodes (one of the largest is Magister Ludi). Validators are responsible for computing and signing blocks, must have technical knowledge, and provide round-the-clock uptime of their data centers.

How to Stake EVER?

To Stake Everscale you have to become a nominator.

Nominators – transfer their TON Crystal to be under the control of the validator. In return, they automatically receive a share of the reward in proportion to their stake. This is a simple method available to every user, and it only requires a wallet with an address in order to stake your TON crystals. Drawing an analogy with the Proof-of-Work Bitcoin algorithm: validators are managers of mining pools, and nominators are individual miners, which easily connect to the pool and use it to increase income, for a small commission.

Staking is available to the community on the light version (without the possibility to choose a DePool).

You give some of your crystals to a DePool. Then they are used in the process of creating new blocks in the blockchain. Simply put, you get a reward because your portion of crystals is used for computing power that provides the operation of the Free TON network. The lock-up period lasts 54 hours (2-3 days), after which the received reward is divided among all the stakeholders in your DePool.

For more information on DePools please visit the Staking Rewards profile.

How much can I make Staking EVER?

Currently, you can earn a portion of the Masterchain Block Reward (1.7 EVER) and the Shardchain Block Reward (1 EVER) minus any DePool provider fees when staking with DePools.

For more real-time information on Block Rewards, Block Times, and Inflation please visit the Metrics Tab.

Any risks to Staking EVER?

There is a slashing risk and time lock-up risk associated with both Staking EVER in a DePool or by running your own validator.

Please choose your DePool wisely by reviewing the information on the Everscale Staking Rewards profile.