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Published by Gal Crypto - Geek crypto Gal stacking sats to get more tats! Information security enthusast, cryptocurrency early adopter and passionate about decentralized finance + fintechs. Front-end developer (Angular, PHP, React) and weekend skater. Learn More About Us
ELI5 What is the Avalanche Protocol? [AVAX]
Avalanche is a consensus mechanism which aims to combine the best features of previously existing protocols. If you’ve tried to understand the Avalanche consensus protocol paper, then you may have stalled when you ran into technical terms like metastability, Byzantine adversaries, leaderless Byzantine fault tolerance, among others. Here I’ll try to summarize, in very simple […]
avax-python – Python utils for AVAX Avalanche network exploration
avax-python is a Python library and utils for the exploration of the Avalanche AVAX network. Includes an implementation of basic AVAX API calls. Installation Clone the git repo and run scripts within the downloaded avax-python/ subdirectory. If you don’t have a git client available, you may download a ZIP archive instead. Examples Generate Random Mnemonic Phrase (Generate Wallet) From the avax-python root […]
Avalanche AVAX : An obvious 20x is upon us [Avalanche Price Opinion]
Price prediction is the riskiest business out there – and this article may well be the riskiest thing I’ve ever written. But this seems like such an obvious one to me, I’m a bit surprised others haven’t put this out there before. Perhaps everyone’s just quietly filling the bags with Avalanche before it explodes? Time […]
ELI5 How AVAX validation works [Avalanche Protocol]
According to the Avalanche AVAX token distribution policy, almost 50% of all AVAX in existence will go towards validator rewards (see chart at the top). Since the Avalanche protocol burns all fees, the only source of inflation in the AVAX ecosystem is the validation reward. This presents a great opportunity for those who join the […]
Concepts In This Page
Avalanche is a consensus protocol introduced by Rocket Team in 2018.
It is an entirely new consensus protocol which builds upon classic consensus and Nakamoto consensus.
AVAX is the cryptocurrency released in 2020 by Ava Labs.
The AVAX cryptocurrency is used for all transactions in the Avalanche network.