Originally calledFreeTON, the network has made great strides in improving its technicalcapabilities as well as developing a robust ecosystem of DeFi platforms. Thescale of these changes led the community to call for a rebranding to reflecthow the project has come into its own as a mainstay of the DeFi industry,distinct from its origin as a continuation of the no-longer active Telegram TONproject.
Under the hood, the main technical changes to the networkconsisted in a revamping of the programming language complete with a nodeswitch from C++ to more stable and efficient Rust nodes. The changes have madethe network’s scaling capabilities virtually limitless and have improved itsalready top-of-the-line speed.
One of the key architects in the network’s evolution hasbeen the Broxus development team, which has been responsible for thecreation and deployment of a majority of the ecosystem’s offerings. Chief amongthe Broxus team’s achievements the network’s cross-chain OctusBridge platform, its native EVER Wallet andthe FlatQube DEX.
The goal all along, for both Broxus and the Everscalenetwork as a whole, was to deliver on the network’s promise of being a foundationupon which a new and improved version of finance could be built. The key tothat vision is decentralization, and harnessing the network’s technicalcapabilities to provide users with a recalibrated economic system in which allparticipants start out on equal footing.
The changes that have occurred to Everscale have broughtit much closer to those goals. The recently rebranding Octus Bridge hasactivated its DAO protocol, bringing users into the platform’s governancemechanism and providing them with a voice and the means to mold the Bridge intothe tool that they want it to be.
As of pixel time, both the soft and hard cap have beenexceeded, meaning that the token launch will be successful and participantswill receive partial refunds in addition to their shares of the QUBE tokensreleased. However, the token launch is still ongoing, and just because thehard cap has been exceeded does not mean that people can no longer participate.New participants can enter the token launch for as long as the process lastsand all shares will be calculated once the timeframe has expired.
