Generate AVAX addresses and keys from a mnemonic phrase in Python
Is Avalanche safe from a Ripple-like battle with the SEC?
Ava Labs is a US-based company, founded by cryptography experts from Cornell University in NY and funded by several investors in the US. Ripple is a US-based company, founded by economists and cryptography experts from Canada and Kansas and funded by investors in the US. Notice any parallels? If you do, then you’re not alone. […]
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 […]
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 […]