Evrynet is a decentralized digital currency that will be used in daily transactions of goods and services. The company recently released the beta version of its DEX Dapp, which allows for trading on their platform without any fees or restrictions.
Stanford has announced that Evrynet, a decentralized exchange for Ethereum-based tokens, will join the Future of Digital Currency Initiative. The DEX is an application that allows users to trade different cryptocurrencies with one another in real time.
Road Town, BVI, November 12th, 2021
Evrynet is pleased to announce that it will become a member of the Stanford Future of Digital Currency Initiative (FDCI). Evrynet joins IBM, Ripple, Celo, and other participants in developing universal digital currency APIs. Furthermore, Evry.decentralized Finance’s exchange dApp will use SPEEDEX technology.
Evrynet is the newest member of Stanford’s Future of Digital Currency program. The goal is to work with Stanford’s FDCI and integrate SPEEDEX technology into Evry.planned Finance’s decentralized exchange DApp. The DEX will boost its total transaction performance thanks to SPEEDEX, and theoretically attain a throughput of 100,000 transactions per second.
Evrynet joins Algorand Foundation, Celo, Polkadot, Ripple, IBM, and the Stellar Development Foundation as members of Stanford’s FDCI.
Muharem Hrnjadovic is also named Chief Technology Officer of Evrynet (CTO). Muharem has previously worked as the CTO for Monetas and Sygnum AG. He has also worked at the Kraken Digital Exchange as a Senior Software Engineer.
Evrynet will start its next phase of growth and traction with the help of technical lead Sam Wong and advisory board member Geoff Ramsayer. Sam and Geoff have also collaborated closely with Professor David Mazieres on the SPEEDEX technology.
Professor David Mazieres goes on to say:
“The Stanford Future of Digital Currency Initiative (FDCI) is striving to guarantee that digital currency APIs are open to innovation and that the maximum number of individuals may benefit from them.” Allowing everyone to participate in the global economy on an equal basis, regardless of their national currency, is an important aspect of this. SPEEDEX makes a significant contribution in this area by enabling quick, fair, and cost-effective asset trading at layer-1 in decentralized blockchains. Evrynet has adopted our technology and will be implementing it in a production environment, which we are really excited about.”
Evrynet continues to draw interest from both within and beyond the blockchain community. The initiative collaborates with MIT to broaden its financial reach. Through a collection of intelligent financial services, Evrynet provides the essential infrastructure to developers and enterprises wanting to construct centralized, decentralized finance (CeDeFi) apps. Evrynet is compatible with a wide range of blockchain ecosystems, enabling users to experiment with a wide range of goods, services, and use cases.
Geoff Ramsayer adds his two cents:
“If digital currencies are to benefit the most people, they must be based on high-performance infrastructure, including a high-throughput distributed exchange where any user may freely swap one currency for another at a fair exchange rate.” According to conventional belief, the only way to blockchain scalability is via Layer-2 networks; however, SPEEDEX demonstrates that a scalable DEX may be built directly inside a replicated state machine. SPEEDEX removes internal arbitrage, risk-free front-running, and unfair treatment of users, independent of their money or computer power. I’m ecstatic to see Evrynet using SPEEDEX-based technologies.”
Evrynet secured $7 million in private finance earlier this year. The funding will be used to further build the team’s DeFi software for institutional investors. Its Evry.Finance software will function as a decentralized exchange, as well as a liquidity pool and staking solution.
The first DApp produced by Evrynet is Evry.Finance. Its goal is to make DeFi more accessible to institutional innovators by providing tools that make it easier for them to participate. Individual investors will benefit from Evrynet’s user-friendly interface, which promises to provide a more varied return product by linking real-world assets with DeFi.
- Arunanondchai Korapat (project leader)a
- [email protected]
- Arunanondchai Korapat
- [email protected]
The “center for blockchain research” is a group of researchers at Stanford University. The group has been researching cryptocurrency and the future of digital currency. One of the projects that they have been working on, is an Ethereum-based decentralized exchange called SPEEDEX.
- fdci stanford
- cryptocurrency research conference
- stanford blockchain
- stanford crypto
- pi digital currency