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. Coincost shows the AVAX IOU slowly depreciating, although it’s unclear how much volume is being traded at these prices. September 22 Update AVAX mainnet has been launched and, as it turns out, IOU price was actually lower than […]
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 […]
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 mainnet officially launched [Sept 22, 2020]
AVAX mainnet has launched with thunderous success! As we write this article, AVAX has gained over 620% (8 AM UTC) in the first 4 hours of trading at Binance. Volume stood at impressive U$ 72 million in just hours (> $100 million when we last updated this text 1 hour later). Despite some profit-taking during […]
Concepts In This Page
A set of technologies developed by Ava Labs, which forms the basis for the AVAX Avalanche ecosystem.
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.
Ticker symbol for the Avalanche AVAX cryptocurrency.
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.