Speed, reliability and scalability are the key words of decentralized finance on Avalanche, this network can process up to 7,500 transactions per second. Avalanche was developed by the company Ava Lab, of which Emin Gün Sirer is the CEO and co-founder. The company employs 30 people, including the 3 founders, and experts in economics, finance or IT. With the ambition to build an internet of blockchains, Avalanche can meet all the needs related to smarts contracts and blockchains. Its 3 main uses are: The creation of sub-networks (interoperable blockchains), hosting of decentralized applications (DApps), and the creation of crypto-assets.
Last Page Update
October 22, 2021
Founder(s)
Emin Gün Sirer, Kevin Seknigi, Maofan Yin
Mainnet Launch
September 2020
Consensus
Proof of Stake (PoS)
Architecture
Multi-chain (Subnets)
Security
Shared
Validators
~1100
Type
Layer 1
VM/Dev
AVM (Go), Athereum (EVM)
TPS
7500
Economics
Fixed Tx Fees by Type
Avg Tx Fee
~$0.03
Rating:
- Performance
Transaction speed and network scalability
4/5
- Security
Operating mechanism and validators
4/5
- Economics
Functioning of the economy and distribution
4/5
- Ecosystem
Scope of the ecosystem and partners
4/5
- Team & Community
Team experience and community strength
5/5
- Fees
Cost of transaction fees (the higher the score is, the lower the fees are)
4/5
Blockchain Categories:
0
Tags
Platform
DeFi
Smart Contracts
Can be Staked ?
Yes
0
%
Annual Interest
Community rating:
0 out of 5 stars (based on 0 reviews)
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