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Coin: Avalanche (AVAX)
Avalanche was launched by Ava Labs in 2020 by Turkish-American computer scientist Emin Gün Sirer.
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Tokenomics
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Security
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Scalability
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Decentralisation
Refers to the degree to which control & power of a blockahin network is dispersed across a network and not controlled by a central authority.
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Applications
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Team & Developers
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Usage & Adoption
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Community Strength
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Overall Rating
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Investors:
Abstract Ventures, Andreessen Horowitz, Bitmain Technologies, Digital Asset Capital Management, Dragonfly Capital, Fundamental Labs, Galaxy Digital, HashKey, Initialized Capital, LedgerPrime, Lemniscap, MetaStable Capital, NGC Ventures, Polychain Capital
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Disclaimer: Platypus Terminal does not provide any investment advice, nor is anything mentioned an offer to sell, or a solicitation of an offer to buy any security or other instrument. Under no circumstances should investments be based solely on the information provided. We do not guarantee the security or completeness of our information, and are not held liable.
Headed by industry experts from Microsoft, Google and NASA, Avalanche has created a platform for building and operating custom blockchain networks and decentralized applications, claiming to be the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. The Project achieves this using its unique consensus protocol known as the Avalanche Mechanism. This mechanism combines traditional mechanisms with Gossiping, Snowman optimization and DAG optimization.
In doing so the avalanche mechanism improves upon the Blockchain trilemma of scalability, decentralisation and security. The native token to the protocol is the AVAX token which has a maximum supply of 720 million tokens. AVAX tokens are used for staking, paying transaction fee’s and governance. Avalanche has seen extraordinary success in its relatively short existence, integrating Ethereum’s Virtual Machine, the Avalanche Ethereum Bridge and partnering with Stablecoin provider TruUSD. Coverage of Avalanche is brought to you by Platypus Terminal.
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