Evrynet EVRY Price $ 0.0319

EvryNet is an intelligent financial service platform that provides open-source micro-banking services to unbanked and underbanked populations. EvryNet will create automated escrow services using an interoperable smart contract platform that can facilitate the creation and execution of micro-banking services to anyone at a competitive price. By providing automated financial smart contracts, EvryNet provides accountability, auditability, and irrevocability to financial contracts running on its blockchain-based platform. EvryNet will enable trustless financial transactions among unknown parties.

With the EvryNet intelligent financial service platform, users and institutions can easily compose or customize financial smart contracts using EvryNet contract templates through the EvryNet Financial Service Portal. The composing smart contracts will be processed by the EvryNet Smart Contract Execution Engine running on EvryNet nodes. The execution result of each EvryNet node will be incorporated in the EvryNet Reputation Network, reinforcing the reputation of high-performing and honest nodes. The EvryNet platform enables automation of financial contract execution, resulting in better efficiency and affordability without compromising the flexibility to tailor to an individual or institutional needs.

Key features of EvryNet:

• Interoperable with major blockchains. Currently compatible with ERC-20, BEP-20, and Stellar, with many more to come
• Tendermint consensus protocol. Proof-of-stake consensus mechanism to enhance speed while maintaining the security
• Static gas price model. Fixed gas price with adjustments allowed through network voting
• Unlimited possibilities. Existing real-world financial practices provide basic templates for developers to build applications on
• Smart contract for institutions. Institutional-targeted features such as multi-sig, and allowing for the contract provider to pay the gas fee for the end-user.