Type
COIN
Algorithm
-
Protocol
POS
Start Date
15/07/2020
Max Supply
720,000,000
Circ. Supply
220,286,577
Intro
Avalanche is an open-source smart contract platform for launching decentralized applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. The Avalanche network was created by Ava Labs which was founded by Emin Gün Sirer, Kevin Sekniqi, and Maofan ‘Ted’ Yin. The Initial Coin Offering (ICO) for Avalanche’s native token (AVAX) was announced in June 2020 and the Avalanche Mainnet was launched in September 2020.

The core of Avalanche’s architecture features 3 built-in blockchains: the Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain). All 3 blockchains are validated and secured by a special subnet named 'Primary Network' and all members of all custom subnets must also be members of the Primary Network.

The subnets are powered by Snowball and Avalanche Consensus. They are Proof-of-Stake (PoS) consensus algorithms where validator nodes repeatedly query each other to determine the validity of the network’s transactions until they reach a common decision. Users are required to stake AVAX to become transaction validators. Both P-Chain and C-Chain implement the Snowman consensus protocol of high-throughput, adapted for smart contracts, while the X-Chain utilizes the Avalanche consensus.

AVAX is the native token of Avalanche. Participants can become block-producers and validators by staking AVAX and are incentivized by staking rewards. Moreover, it provides a basic unit of account between the multiple subnets created on Avalanche.

The token has a maximum capped supply of 720 million tokens.
Features
  • Scalability & Speed
    The Avalanche platform is able to manage 4,500 transactions per second, allowing users to send transactions in under 1 second.
  • Sustainability
    Avalanche does not require specialized hardware to achieve high-performance numbers of 4,500 transactions per second, making Avalanche nodes both green and economical.
  • High level of security.
    Avalanche manages to maintain a high level of security without losing its characteristic of being highly decentralized.
*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.
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