Avalanche

Avalanche is built around a system of three interoperable blockchains- the Exchange Chain (X-Chain), Platform Chain (P-Chain) and Contract Chain (C-Chain).

The AVAX is the native token of the Avalanche platform, used for payments, staking, utility and other related purposes within its network and subnetworks.

What Makes Avalanche Unique?

• Avalanche provides decentralized optimized platform for anyone to launch and use in a robust network.
• According to Ava Labs, the decentralized blockchain can handle transaction speed somewhere in the region of 4,500 transactions per second—compared to around 14 tx/sec for Ethereum and 7 tx/sec for Bitcoin.
• This transaction speed arguably makes it better suited for high scaling decentralized applications (dApps) which has proven to be a bottleneck to many competing platforms.
• Avalanche addresses the problem of interoperability by facilitating communications of blockchains both within a subnet and between subnets. This complements one another and supports cross-chain transfers.

Team of Avalanche

Avalanche is made up of a world-class team of experts in computer science, finance, management, economics, and law, who want to redefine the way people build and use enterprise applications. They have collective experience from leading tech companies and leading Fortune 500 finance.

The team has three co-founders, namely Emin Gün Sirer, Kevin Sekniqi and Maofan “Ted” Yin.

Emin Gün Sirer is a veteran computer scientist, a professor and an early Bitcoin investor. He is very conversant with decentralized networks.

Kevin Sekniqi is a graduate of Computer Science from Cornell University and presently pursuing his PHD in the same school. He has worked in many multi-national organizations such as Microsoft, NASA etc., as a researcher and software engineer. He is the COO of Ava Labs.

Maofan “Ted” Yin is the first author of the HotStuff Protocol used in Facebook’s Libra. He is the Chief Protocol Architect – Ava Labs.

And many team members drawn across different areas of specialization. You can get the full list of the team members from the official website.

Use Cases of Avalanche

• Avalanche network provides people an easy-to-use platform to build their own blockchain.
• Avalanche network is used for decentralized margin trading, borrowing, and lending.
• Used to set up Automated Market Makers (AMMs) and Decentralized Exchanges (DEXs).
• Avalanche network is used in data security and digital identity.
• AVAX token is used to power all financial activities in its ecosystem.
• AVAX token is used for trading in major crypto exchanges.

Mining of Avalanche

Avalanche operates as a DPoS (Delegated-Proof-of-Work) ecosystem where validators approve transactions and secure the network. DPoS enhances efficiency and time efficiency during mining. You must hold a minimum of 2000 AVAX to qualify as a Validator on the network.

Another way to earn AVAX tokens is through staking; where users on the network, stake for a duration of time to earn a reward. Average reward ranges between 9.69% and 11.54%.

AVAX can also be obtained via crypto exchanges such as Binance, Huobi Global, OKEx and many others.

Notes for Investors

Avalanche (AVAX) is making waves in the blockchain space, having made so much progress both in project implementations and cryptocurrency market. The Avalanche (AVAX) has the potentials to be among the top 10 cryptocurrencies in terms of market value by the end of the year,2022.

As of today dated 2nd June,2021, the unit price of Avalanche (AVAX) is $19.91 USD, the market capitalization is $2,579,629,093, the circulating supply is 130,414,501.21 AVAX and is currently ranked 47^th in the cryptocurrency market.

These statistics have shown that, Avalanche (AVAX) will make an impact in the future considering the notable professionals and institutions putting in their resources and time in the project.

Quick Disclaimer:

This report is not in anyway, intended to recommend Avalanche (AVAX) for investment but for informational purpose. The crypto market is presently experiencing instability and cannot be invested based on a report like this. Please, consult your financial advisor for any decision making.