Avalanche (AVAX) is a cryptocurrency and blockchain project with a scalable structure that works faster and cheaper in the cryptocurrency world. The project, whose founders include Emin Gün Sirer, was launched in September 2020, reached a significant size in a short time and gained many users.
Avalanche is a Layer-1 blockchain that began development in 2020 and was launched in September 2020. With its transaction speed and technological infrastructure, Avalanche has spread rapidly in the cryptocurrency world and reached a significant market capitalization. The Avalanche project has received investments from many investment companies such as a16z, Polychain and Galaxy Digital.
With its multi-chain structure, the Avalanche project can have multiple blockchains built for different purposes. Subnets with specialized structures for projects are the most important scaling solution of the Avalanche ecosystem.
The Avalanche blockchain, with its EVM-powered chain structure, has become a preferred blockchain by many developers shortly after its launch. Low network transaction fees and the use of similar infrastructure to Ethereum have enabled many applications to be easily integrated into the blockchain. In this sense, Avalanche offers an easy and easy-to-use ecosystem for both users and developers. Avalanche has a favorable structure in many innovative areas such as DeFi, NFT, Metaverse.
Who are the Founders of Avalanche (AVAX)?
The Avalanche project is a Layer-1 blockchain project developed by Ava Labs in 2020. The foundations of the project, which managed to raise funds from many investment companies during the development phase, date back to 2018. The Avalanche Consensus Model, the innovative structure of the Avalanche project, was developed in 2018 by a team called Team Rocket.
After the article published in 2018, Emin Gün Sirer, Kevin Sekniqi, Maofan Yin, Robbert van Renesse published articles explaining the basics of the Avalanche blockchain and the project started to be developed.
The Avalanche project is a blockchain developed by US-based Ava Labs. The team at Ava Labs includes important people in both the blockchain and cryptocurrency worlds. Emin Gün Sirer is CEO, Kevin Sekniqi is COO, Chris Lavery is CFO and Devon Ferreira is CMO at Ava Labs.
Emin Gün Sirer is a computer scientist of Turkish origin. After attending high school at Robet College in Turkey, he was awarded a scholarship to Princeton University in the US and later became an associate professor and then a professor at Cornell University.
How Does Avalanche Work?
The Avalanche blockchain has a customizable structure for many different projects with its multi-chain structure. The Avalanche blockchain basically has 3 different chain structures and 1 specialized scaling solution.
are the Advantages of Avalanche?
Avalanche has significant advantages over other blockchain projects. Some of the important advantages of the Avalanche blockchain are as follows:
Fast and cheap transaction processing
Easy application development with EVM compatibility
What are the Disadvantages of Avalanche?
Although the Avalanche blockchain has highly competitive advantages, it also has some disadvantages. These disadvantages are as follows:
Structure prone to partial centralization
The Avalanche ecosystem, like other EVM-supported ecosystems, allows many developers to create applications easily and simply. The presence of many platforms such as lending and Dex within the Avalanche ecosystem increases the mobility on the network. It is very easy to transfer assets on the Avalanche network with bridges established with other blockchains.
Avalanche also has a structure that can run its own chain for many projects with its subnet ecosystem. Subnets are blockchains designed according to the wishes of the projects and have a high TPS rate.
What are the Projects on the Avalanche Network?
The Avalanche network has a structure suitable for token creation, just like the Ethereum blockchain. There are many DeFi applications active on the Avalanche network and applications that have an important place in the cryptocurrency world. Some of these applications and projects are as follows:
Trader Joe (JOE)
Play Crabada (CRA)
The Avalanche project is a cryptocurrency blockchain project that has launched many applications and projects within its ecosystem. Within the ecosystem, many launchpad applications have emerged both to fund projects and to enable early-stage investors. Some of these applications require requirements such as KYC, while others require you to stake certain tokens.
Within the Avalanche ecosystem, Avalanche launchpad programs are very useful for investors and allow early investment in many projects. Some of the most popular launchpads that appear as Avalanche Launchpad applications are; Avalaunch and Avaxlauncher.
With the Avalanche launchpad program, investors invest in projects at lower prices and before many investors. Projects released with the Launchpad program can offer high returns to their investors according to the current market conditions.
What is Avax Coin?
Avax coin is the native cryptocurrency used on the Avalanche blockchain to both cover transaction fees and create nodes for network security. The maximum supply of Avax coin is 720,000,000 units. Although the supply of Avax coin is limited, it has both inflationary and deflationary mechanisms.
Validators who create nodes by staking Avax coin are rewarded with a certain annual staking reward, while the entire transaction fee paid for each transaction on the network is burned.
Avax Price by Year
Avalanche Price by Year AVAX/USD (USD)
2020 Avalanche Price $3.19
2021 Avalanche Price $114.13
November 2021 High of $146.00 #bitcoin #Binance #ETH #Layer2 #opbnb