Everscale has implemented a fully decentralized governance mechanism through a DAO. Everything operates on smart contracts, with decisions proposed and made by the community, stated Broxus CEO Vladislav Ponomarev during the “Podcast Society” on ForkLog’s YouTube channel.
“In fact, any EVER holder can go to EverDAO and express their will,” he emphasized.
Ponomarev highlighted the features of implementing decentralized project management and ways to address the “one token, one vote” issue. According to him, excessive decentralization harms efficiency and creates opportunities for fraud.
“Therefore, after some time, we made it slightly more centralized. If you look at the entire history of Everscale’s development, we are searching for that balance point between efficiency and decentralization. That is, we do not aim to elevate decentralization as a sacred cow or an ideal,” stated the CEO of Broxus, one of the leading developers in the Everscale ecosystem.
Ponomarev also discussed the key ideological differences between Everscale and TON. He noted that the project is not solely focused on the Telegram ecosystem and is developing as a platform for high-load applications with an emphasis on finalization and parallel transaction processing.
“This concerns various microtransaction cases. […] For example, in one scenario, we have a team preparing a major project launch on Everscale related to managing disparate IT infrastructure. They have been developing and testing different approaches for over a year,” he noted.
Currently, the Everscale DAO ecosystem is evolving with the help of a commit model, the developer emphasized. If a project wants to contribute to the network’s development and receive funding for its initiatives, it must first lock 10% of EVER in a special account, thereby confirming the seriousness of its intentions.
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