Everscale hosts the largest blockchain conference in Bali, attracting crypto executives from 15+ countries

Jakarta, Indonesia – (Newsfile Corp. – May 21, 2022) – Everscale organized Renaissance Bali Uluwatu was the stage for EVERPOINT, the largest international crypto conference in Indonesia since the start of the COVID-19 pandemic. The conference was held in honor of the 2nd anniversary of the Everscale blockchain and community and the network’s expansion into the Asian market. Panelists and guests at EVERPOINT covered some of the industry’s most pressing topics including the future of blockchain and cryptocurrency in Indonesia, the future of DAOs and the potential behind CBDCs and new wave stablecoins.

The state television station Bali TV reports on the conference

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The event was a significant step for Bali and Indonesia as it was the largest international crypto event held there since the start of Covid. In the past two years, Indonesia has made great strides in the crypto space, developing proper environment and infrastructure and legal solutions for blockchain projects. The country has become an attractive location for technology developers and cryptocurrency entrepreneurs from all over the world. Currently, there are already 18 crypto exchanges officially operational in Indonesia, and a number of crypto mutual funds are on the way. Everscale, an infinitely scalable network with an ecosystem full of notable platforms including a cross-chain Octus Bridge, native DEX (decentralized exchange) FlatQube, wallets and more, is leading the way and has chosen to host its anniversary event in Bali as it enters the Asian market.

The EVERPOINT conference was attended by industry leaders from around the world, with strong representation from market participants from the Southeast Asia region. Among the speakers were: Aditya Uozumi, Founder of masamune.io, Andry Suhaili, CEO of x0swap.com, Henri Morgan Napitupulu, Founder of IndoCoin Nusantara trust Ltd, Irvan Tisnabodi, Founder of coinstore.com, Fadzli Shah Bin Anuar, Founder of MX Global, Kevin R. Smith, CEO of Pi Union Capital, ZBX.com Exchange CEO David Pulis, WARP Capital Co-Founder Sergey Dzhurinsky, Qatar Insurance Group Senior Vice President Zehan Teoh, Moonstruck CTO Pavle Batuta, Algalon Capital Investment Director Alexey Antonov, Xangle CBDO Bo (Young Sik) KIM, Minergate Founder Vladimir Maslyakov, Cointelegraph Editor-in-Chief Kristina Lucrezia Corner and Vasiliy Smekalov of ever.fund GP.​

The future of blockchain and cryptocurrency in Indonesia has been a popular topic of discussion lately given the recent economic developments and a lot of time was spent talking about it at the conference. One of the main issues facing crypto around the world is the changing regulatory environment of different countries. On this front, Indonesia has started to establish itself as a crypto haven of sorts.

The Future of Blockchain in India and Indonesia Panel

Moderator left and speakers in order: Andry Suhaili (CEO of x0swap.com), Aditya Uozumi (Founder of masamune.io), Fadzli Shah Bin Anuar (Founder of MX Global), Irvan Tisnabidi (Founder of coinstore.com), Henri Morgan Napitupulu (Founder of IndoCoin Nusantara Trust Ltd)

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From a regulatory point of view, two different factors come into play: regulations for the creation of digital assets and regulations for the trading of digital assets. For producers of digital assets, the regulatory landscape is still relatively undeveloped; whoever has the means and inclination can create their own wealth. What has helped is the government’s willingness to partner with projects like this by offering registrations and OJK licenses to the Department of Trade and Finance.

Regulations are already quite advanced for crypto exchanges that facilitate trading of digital assets. To operate within the country, crypto exchanges must obtain all necessary licenses and permits from ministries and local authorities.

Regulatory developments in Indonesia are helping to make investing in digital assets safer and easier. And it also makes the country an attractive environment for new projects. It is entirely reasonable to see blockchain technology becoming more than just a financial tool and driver of the gaming industry, being integrated into real estate and land management, agriculture, transportation, e-commerce and a host of other sectors.

The speakers at the conference also addressed another major issue facing the entire industry, namely the ecological complications of Bitcoin and how blockchain technology can be aligned with ESG (environmental, social, corporate governance) principles . The speakers agreed that new technological developments in this field aim to create sustainable and fast solutions as well as build bridges between blockchains that will create a more integrated ecosystem compared to the existing one.

A special panel discussion was dedicated to DAOs – Decentralized Autonomous Organizations – and was entitled “DAO Funds: the Future of Interoperability”. The DAO is a very new concept that can be introduced in certain blockchains such as Ethereum, Solana, Everscale and Polygon. DAOs enable communities to make decisions transparently and decentrally.

DAO Fund: Panel on the Future of Interoperability

Moderator left and speakers in order: Vasily Smekalov (Managing Partner at Ever Fund), Victor Lee (Huobi Ventures core team member), Egor Gavrilov (CTO of XDAO), Kristina Lucrezia Corner (Editor-in-Chief at CoinTelegraph), Fong Jek Gan ( Founder of Millennia Ventures)

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According to Cointelegraph Editor-in-Chief Kristina Lucrezia Corner, “The DAO structure is still being formed; There are many challenges, but what is opening up for us is a future where DAO-based ecosystems put communities at the heart of all organizational and living processes.”

According to ever.fund GP’s Vasiliy Smekalov, “DAOs already allow participants to collaborate transparently and allocate money for specific goals. In the future, such a system can potentially help governments eliminate corruption at all levels.”

The past two years have seen significant changes in global finance, including the issuance of digital coins by some of the world’s largest central banks. For the first time in Bali, experts from Europe and Asia met in person during the EVERPOINT conference to discuss this question. A panel discussion was devoted to the topic, with experts debating whether there would be more CBDCs, what impact they will have on the global economy and how they will compete with stablecoins.

Here are some of the thoughts shared at the conference:

Dave Pulis, ZBX Exchange: “3 central banks have now officially launched digital currencies: the Bahamas, the Caribbean and Nigeria – but this year the UK also announced that it is considering creating its own Britcoin. If that happens, it could have another domino effect and give governments more power to control the flow of money.”

Alexey Antonov, Investment Director of Algalon Capital: “It looks like CBDC has two sides as it serves both the government in pursuing its own goals and the people by improving access to funds. These types of systems can help prevent corruption, but they will also definitely reduce the role of traditional banking as CBDC creates a direct connection between people and central banks.”

Crypto industry executives from more than 20 countries are coming to Bali to discuss industry trends and challenges, as well as the specific opportunities presented by Everscale blockchain adoption in Asia. For Indonesia, the launch means that the country will officially have an ecosystem where crypto projects can launch using the most modern and fastest blockchain technology.

About Everscale

Everscale is a new and unique blockchain design proposing a scalable decentralized world computer combined with a distributed operating system. Everscale is built on a platform called Ever OS, capable of processing millions of transactions per second, with Turing-complete smart contracts and decentralized user interfaces.

Everscale presents some new and unique features such as dynamic multithreading, soft majority consensus and distributed programming that allow it to be scalable, fast and secure at the same time. It is governed by a decentralized community based on meritocratic principles via soft majority voting protocol.

Everscale has powerful developer tools such as Solidity and C++ compilers, SDK and API, client libraries ported to 20+ languages ​​and platforms, a set of decentralized browsers and wallets enabling many applications in DeFi, NFT, tokenization and governance .

The network’s unparalleled scalability was achieved thanks to its dynamic sharding mechanism, which allows it to process millions of transactions per second and charge minimal transaction fees. This sharding mechanism gives the network its unique ability to adapt to any load size, which in turn allows it to process millions of transactions instantly and with almost no fees.

It was designed to be able to handle large numbers of users and in the two years since Everscale launched, it has made significant strides toward its goal of providing users with a fully decentralized, secure, and infinitely scalable DeFi experience.

The Everscale network has built an inclusive and diverse ecosystem around it, with a native DEX name like FlatQube, which will soon have its own order book, and where users exchange between different types of digital assets and engage in yield farming and… Staking mechanisms can engage with high APRs; a native wallet for digital assets; a cross-chain bridge platform called Octus Bridge, which allows users to send liquidity between other networks and Everscale; a DAO-driven launchpad called EverStart and an NFT marketplace. Of those Everscale platforms, Octus Bridge and FlatQube DEX have seen notable growth of late, with the latter seeing its TVL double in the past month to where it is now well over $80 million.

Media contact: Raghav Sawhney
Company: Everscale
E-mail: [email protected]

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