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 […]
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 professor Emin Gün Sirer, whose team is developing next generation cryptocurrencies. Founded in 2018, Ava Labs has been funded by Andreessen Horowitz, Initialized Capital, and Polychain Capital, with angel investments […]
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 Avalanche [AVAX] Platform Whitepaper Summary
In this post we’ll summarize the Avalanche Platform whitepaper [PDF]. This document is part of Ava Labs’ technical material about the Avalanche protocol and its implementation. Since the paper goes into high detail, we’ve summarized it ELI5 style to give you an overview of how the official AVAX implementation works. The Avalanche platform whitepaper focuses […]
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.