ELI5 AVAX IOU? Is it the real AVAX coin?
November 2020 Update
As of November 18, AVAX price has remained remarkably stable - for cryptocurrency standards.
Chart via Binance
Coincost shows the AVAX IOU slowly dep...
ELI5 AVAX Coin
AVAX is the native cryptocurrency of the Avalanche platform. The project began at Cornell University, led by professor Emin Gün Sirer and others.
According to Dr. Emin Gun Sir...
Who are Ava Labs?
Ava Labs is a Brooklyn, New York-based research and development company currently developing the Avalanche platform and AVAX cryptocurrency.
Ava Labs is headed by Cornell profe...
Who is Emin Gün Sirer?
Dr. Emin Gün Sirer is a computer scientist based in Ithaca, New York. While a professor at Cornell University, he also currently leads the AVAX Avalanche cryptocurrency developme...
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AVAX Staking tutorial – How to begin staking Avalanche
The AVAX public sale, which closed on July 15 2020 after just a few hours, was an astounding success. Investors looking for high yields flocked to the sale, buying all U$ 42 million worth of AVAX coins in just 4.5 hours. At our latest update, AVAX price was approximately U$ 13 – a 2600% yield […]
Generate AVAX addresses and keys from a mnemonic phrase in Python
avax-python Network Message Pipeline
Here’s a short overview of the avax-python Avalanche message pipeline. We’ve followed the reference Go implementation as closely as possible, but the Python code is still in very early development, so it’s lacking a lot of details. For example, right now the Python message pipeline is synchronous, whereas the Go implementation uses asynchronous channels and […]
avax-python – Python utils for AVAX cryptocurrency and Avalanche network exploration
avax-python is a Python library and set of utils for the exploration of the Avalanche AVAX cryptocurrency and its network. The crypto.bi avax-python project began as a thin wrapper around AvalancheGo node API, but it now supports several other functionalities such as wallet address and secret phrase generation, network traffic capture, customizable protocol handlers and a lot […]
Concepts In This Page
A set of technologies developed by Ava Labs, which forms the basis for the AVAX Avalanche ecosystem.
AVAX is the cryptocurrency released in 2020 by Ava Labs.
The AVAX cryptocurrency is used for all transactions in the Avalanche network.
Blockchain, cryptocurrencies and digital compliance in general.
Articles about government oversight and regulation of decentralized financial markets.
Ripple is the name of the company which develops RippleNet and the XRP cryptocurrency. The name has come to mean XRP for all practical purposes.
The Securities and Exchange Commission is an independent agency of the US Government, in charge over overseeing good practices in the investment and banking sectors.
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.
Validation is the process by which AVAX transactions get verified by the P2P network. Similarly to what happens in PoS coin staking, validation generates returns for both stakers and validators.
IOU means, literally, "I owe you". It's a debt acknowledgement. It's more informal than a check or promisory note. IOU's are often used to trade cryptocurrencies before they're listed on large exchanges.
Ava Labs is a financial technology startup led by Cornell professor Emin Gün Sirer