Scrape AVAX network peers using avax-python
P2P networking is the single most important technical functionality in all cryptocurrency implementations. The decentralized nature of Bitcoin, AVAX, Ethereum and others requires ...
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 Sirer the number 1 problem in all cryptocurrencies is scale. “Look at all the major cryptocurrencies, none of them can break 4 digits [transactions per second]”. The […]
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 development team at Ava Labs. A graduate of Robert College, he later obtained a BSE in Computer Science from Princeton University. He then went on to work at […]
What is the identity of “Team Rocket”, which created the Avalanche protocol?
The Avalanche protocol family creators’ true identity is, perhaps, cryptocurrency’s most poorly kept secret. Or is it? Why would such a great idea’s true creators want to keep their names private? Which brings us to an earlier question. Why did Satoshi Nakamoto want to keep his own identity private? Wouldn’t Satoshi be held at the […]
ELI5 Avalanche Consensus Mechanism Summary [Cryptocurrency consensus mechanisms]
A new class of consensus mechanism called Avalanche is being actively developed by Ava Labs, a startup founded by researchers from Cornell University. This new consensus mechanism is completely different from most systems we’ve reviewed until now. Avalanche works by randomly polling peers and comparing its own “opinion” to that received from the sample obtained […]
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.
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.