Gate.io AMA with Evanesco-Layer0 Network Infrastructure & Private Finance Protocol Platform for Web3
Time: Sep 30th, 2021, 13:00 UTC
Gate.io hosted an AMA (Ask-Me-Anything) session with Justine, Global community leader at Evanesco in the Gate.io Exchange Community.
Official Website: https://evanesco.org/
Twitter: https://twitter.com/evanescoio
Follow Evanesco on Twitter and Telegram
Guest
Justine — Global community leader at Evanesco
Q&A from Gate.io
Q1: So first give us a quick summary of Evanesco so we all understand what it is.
Justine: To give a quick summary of EVA or Evanesco.
Evanesco is a unique privacy financial protocol platform in the Web3 ecosystem that combines Layer0 network infrastructure and privacy computing framework, including application protocol layer, privacy middleware layer and underlying infrastructure layer. Evanesco provides safe, reliable, efficient network access and encrypted financial services for Web 3.0 applications, NFT, and DeFi.
Q2: And can you explain how Evanesco works and what kind of services it offers to users?
Justine: Evanesco is the First privacy protocol of Polkadot or DOT, the Eco layer 0 network. This enables routing info from both parties to be kept completely hidden and away from any 3rd parties whatsoever, and stays true and the same with transactions. It also Uses a computing framework that empowers cross-blockchain Defi which allows users to share liquidity with other blockchains through cross chain gateways. We have recently announced we are building the Layer 0 network infrastructure for the Solana ecosystem, which will provide a secure, highly reliable, and flexible network protocol family for the Solana ecological applications, and protect the security of Solana ecological DeFi traffic entrances. And we will also support other public chains ,like Polkadot, Ethereum, BSC, with our unique Layer0 network infrastructure.
Q3: Ok thanks for clarifying… It must have taken a lot to build it. How has the process been? What are some milestones that you have achieved? And what is to come?
Justine: 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 field 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.
In terms of Evanesco’s core technology development, the testnet of EVA mainnet AVIS 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.
Fortress products will continue to iterate and improve. EVA has launched more products to enhance functions and asset protection, for instance, Lending, Wallets, Mining and asset privacy. In addition, Evanesce will provide a safe and stable privacy Dapp for users of EVA community and who care about the upper layer echelon of privacy racetrack applications.
Community of Evanesco: We have over 26k followers of twitter and over 23k users in our official telegram group. And we also have launched EVA Global Community Co-Building Plan, and many EVA fans have applied for it and we selected some outstanding volunteers to strengthen community development.
Evanesco is going to further expand the AVIS test coverage and test scale and help the subsequent mainnet transition. Also you can check the roadmap to know more about upcoming plans.
Q4: And so I see Evanesco is a unique financial protocol platform in the Web3 ecosystem. Can you share with us more in detail to better understand?
Justine: EVA hopes to bring the security and low fees encrypted assets liquidity to Web3.
EVA WhiteNoise is a privacy network protocol for Evanesco Layer0 Network. It is designed to provide comprehensive network privacy protection, including LINK privacy, node privacy, data privacy and traffic privacy. It’s a decentralized and open network, where anyone can join as a node to relay data transmissions, or as a client to generate private connections with each other.
WhiteNoise Protocol has superior robustness, ease of use, and cross-platform. We’ve implemented WhiteNoise protocol in Go and Rust and both provide friendly SDK, allowing upper-layer applications to easily integrate.
WhiteNoise provides network privacy protection like TOR, I2P or dVPN but also has its own features:
1) Without loss of privacy, WhiteNoise has a multi-hop connection providing better privacy protection than VPN and dVPN schemes;
2) Unlike Tor, no one can know the entire connection, even both sides of the connection;
3)In addition to regular link privacy, identity privacy and data privacy, it also has the capability of traffic privacy;
4)Messages are encrypted and encapsulated, and each node can only see the content related to the current node. Our end-to-end encryption scheme speeds up data transmission;
Secure handshake based on Noise Protocol.
Q5: And to finish up before we move on to questions from our audience…. Can you explain how Evanesco works? What role do EVA tokens play in the Evanesco ecosystem?
Justine: 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 launches, 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!
