Pinknode AMA Recap 2.0

04 Sep 202000:08

AMA

Pinknode AMA Recap 2.0

Myko (CryptoDiffer)

Hello, everyone!😁

We are glad to meet here:

Zhe, CEO of Evanesco

Zhe

Hey everyone, I am zhe, Evanesco’s CEO.☺️

Myko (CryptoDiffer)

Welcome Zhe, nice to e-meet you!
Our team has prepared 3 questions for you to start with:
Let`s start with the introduction

Zhe

Oki

Myko (CryptoDiffer)

Q1: Can you introduce yourself to our community?

Zhe

I am Zhe, Evanesco’s CEO. I graduated from the University of Waterloo, rich experience in many crypto projects and blockchain communities.
For Evanesco Team, Evanesco is composed of global technical geeks and senior blockchain experts in the industry.
Our team has a deep understanding of the blockchain field and has long-term practical operation and application landing capabilities.
Done.

Myko (CryptoDiffer)

superb
let’s move to next one
Q2: Let`s now talk about the milestones you have achieved so far and about your upcoming plans?

Zhe

We got lots of achievements during the past half year. For Instance:
May 2021 — EVA released the multi-chain strategy. EVA, as a multi-chain privacy ecological platform, hopes to bring a security and low-fee data network routing to the ield of encrypted assets, including Polkadot, Solana, Ethereum, and BSC, through the integration of Layer0 multi-chain network infrastructure and expand liquidity and then accelerate the development and application of Defi.
Technology & Product Recap
In terms of Evanesco’s core technology development, the testnet of EVA mainnet Alpha testnet has successfully integrated the Layer 0 network.
Also, the privacy account system, privacy protocol, Fortress Wallet SDK, and Fortress Pool in EVA Middleware ecosystem, are accelerating implementation.
Dapp Layer of Evanesco: Fortress products will continue to iterate and improve. EVA will launch more products to enhance functions and asset protection, for instance, Lending, Wallets and asset privacy.
For the upcoming plans
EVA community and many mining teams have been paying close attention to the progress of the EVA mining business. In order to get users involved in the construction of testnet mining nodes faster, the EVA team decided to prioritize launching the testnet mining.
EVA team will release the mining tutorial on the EVA official webisite soon. Users can mine the EVA native tokens of the testnet according to the tutorial.
Done.

Myko (CryptoDiffer)

superb
the last one
Q3. For the upcoming Evanesco AVIS testnet, how are the mining incentives made for the testnet ? Is it related to the mainnet?

Zhe

The mining cycle of the testnet and the mainnet are incentive blocks every 10 minutes. The difference is that mainnet mines 2000EVA each time.
Considering the difference in the number of testnet miners, the α testnet incentive 500EVA each time, and the β testnet incentive 666.66EVA each time.
Everyday transcations are produced in the 6s cycle during the block production period. The dug-out testnet token by testnet can be transferred between test users and it functionally equivalent to the mainnet token.
As part of the multi-chain strategy, we will open the testnet token(AVS)->EVA.eth exchange channel in testnet to exchange for users who want to change EVA on Ethereum.
EVA will officially announce the releasing time and plan after launch the testnet.
Done ✅

Cryptodiffer Community

Hi! 💹

What are the benefits of using GPoW (GRANDPA over PoW)? How does it work and how will it contribute to Evanesco?

@Zhe_Tang

Zhe

Hey. We call our mining algorithm as GPOW. This proof combines the VRF randomness and the ZK-Snarks algorithm. It requires the miner to calculate the zkp proof in a short time and provide an online randomness proof quickly, which does not require high power consumption. The upper consensus layer will determine the ownership of mining incentives generated during the mining cycle by voting.

Cryptodiffer Community

Could you really explain to us what is the main objective of Evanesco? Are you looking to provide a solution to a specific DeFi problem?

Zhe

EVA is a decentralized full-stack privacy financial protocol platform. It is built on the fully community-based Layer0 network infrastructure, which not only provides a secure, flexible and purely distributed network infrastructure for Web3.0 applications and cryptocurrency ecological platforms, but also realizes the efficient and scalable privacy asset protection for smart contracts.
EVA provides a safe, reliable and efficient full-stack financial service for the DeFi ecosystem while developing a multi-chain full privacy ecological platform.
It is hoped that through the integration of multi-chain network infrastructure and the expansion of account liquidity, network routing security and low-rate data services will be brought to the field of encrypted assets, and the development and application of DeFi and NFT will be accelerated.
Here are some informations for you to find us☺️
1. website: evanesco.org
2. Twitter: https://twitter.com/evanescoio
3. Medium: https://evanesco-networks.medium.com
4. Github: https://github.com/Evanesco-Labs
5. Telegram: https://t.me/EvanescoIO
6. Discord: https://discord.com/invite/VnYXBSF
7.Facebook: https://www.facebook.com/Evanescoio
8.Youtube: https://www.youtube.com/channel/UCTZ9BDP7fXEPnkVsG8Pbp5Q
9.Email: contact@evanesco.org

Myko (CryptoDiffer)

thanks for the ama!
thanks everyone for the questions!