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What is Evrmore?
Evrmore (EVR) is a new blockchain with a simple solution for decentralized finance (DeFi). EVR is a fork of the Ravencoin blockchain, which relies on the use of primitives for the creation and transfer of digital assets. The use of asset primitives combined with newly added functionality will allow EVR to provide a simple DeFi solution without the flaws inherent to general purpose smart contracts. See Evrmore’s whitepaper.
What is the Relationship Between Evrmore and Ravencoin?
The idea of Evrmore originated within the Ravencoin development community. The two blockchains share similar ethos, which explains why EVR is also an open source, Proof of Work (PoW), decentralized blockchain. Evrmore was launched on October 31, 2022 as a friendly fork of Ravencoin. On launch day the top 50,000 Ravencoin wallets became eligible to claim Evrmore at a rate of 1 EVR for 1 RVN. As a result, Evrmore instantly gained the attention, and in many cases the support, of the Ravencoin community.
Is Evrmore in Competition with Ravencoin?
Evrmore does not aim to replace Ravencoin, but rather co-exist while participating in a different niche – Decentralized finance. The friendly relationship between these two projects provides for a somewhat symbiotic relationship, where Evrmore benefits from all of Ravencoin’s code design to date. Whereas Ravencoin benefits from any code innovation introduced by Evrmore it chooses to adopt.
What is the difference Between Ravencoin and Evrmore?
Ravencoin was designed specifically for the purpose of tokenizing and transferring digital assets, utilizing blockchain technology. RVN natively supports assets in a much more efficiently manner than projects like Ethereum, which utilize general purpose smart contracts. Evrmore aims to participate in the DeFi space by providing enhancements not envisioned in Ravencoin’s road map. In short, EVR will be capable of providing DeFi functions such as partial order fulfillment, stop-limit orders, interest rates, options and futures contracts, and many other useful financial primitives.
Complex and Vulnerable Smart Contracts Vs Simple and Secure Primitives
Although general purpose smart contracts are hugely popular, these are unnecessarily complex and introduce security risks and endless vulnerabilities. When it comes to tokenization, smart contracts are the wrong tool. Fortunately, asset tokenization can be handled simply and more securely by utilizing Bitcoin’s UTXO protocol design to handle assets – natively supported asset primitives.
A Better User Experience
When creating an asset using Ravencoin or Evermore, no coding or programming is necessary. The user simply fills in pre-defined information such as the name of the asset, the type of the asset, the number of units, etc. When using Evrmore’s DeFi features, the same simple user experience can be expected.
How can I buy Evrmore?
The easiest way to buy Evrmore is to transfer cryptocurrency (i.e. Bitcoin or Ravencoin) to Safe.trade, where you can exchange this crypto to EVR. Safe.trade is a non-KYC crypto marketplace.
How do I mine Evrmore?
Although EVR uses a different algorithm that Ravencoin, it shares many similarities. This means that if you are already familiar with mining Ravencoin, you can easily mine Evrmore. Below is a video by Jake Jaboreli on how to mine Evrmore.
Does Evrmore Support NFTs?
Yes, when Evrmore was launched it already had all the same functionalities Ravencoin has. This means users can mint main things like assets (think brand name), sub-assets (ideal for tokens and fungible assets), unique assets (NFTs) etc. The cost to create assets is as follows:
- Main Assets – 500 EVR
- Sub Assets – 100 EVR
- Unique Assets – 5 EVR
- Messaging Channel Assets – 100 EVR
- Qualifier Assets – 1,000 EVR
- Sub Qualifier Assets – 100 EVR
- Restricted Assets – 1500 EVR
Where Can I Buy or Sell Evrmore NFTs?
EVRSea.io – a new marketplace for EVR NFTs launched this week. NFT artists and collectors still need to build the NFT ecosystem, but having an NFT marketplace within two weeks from launch is impressive.
Conclusion
Hopefully this article answered the question of what is Evrmore in sufficient detail. To learn more about evrmore visit https://evrmorecoin.org/ or join the community’s Discord server. If you hurry up you may be able to get your hands on an EVR OG CHIP!
