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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:

Transaction speed and network scalability

4/5

Operating mechanism and validators

4/5

Functioning of the economy and distribution

4/5

Scope of the ecosystem and partners

4/5

Team experience and community strength

5/5

Cost of transaction fees (the higher the score is, the lower the fees are)

4/5

Cryptocurrency:

Blockchain Categories:

0
Tags
Platform
DeFi
Smart Contracts
Can be Staked ?
Yes
0 %
Annual Interest

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