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...
cavax – Experimental C language tools for AVAX Avalanche exploration
cavax is an experimental implementation of C language utils for the exploration of the Avalanche AVAX protocol. Initially, cavax supports limited networking and basic passive functionality (e.g. it does not actively verify vertices). cavax listens to the Avalanche network and calls hooks that you can set up to handle each message type. Some default hooks […]
Is Avalanche safe from SEC regulatory actions? How does it compare to Ripple?
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. […]
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 […]
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 […]
Concepts In This Page
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.
AVAX is the cryptocurrency released in 2020 by Ava Labs.
The AVAX cryptocurrency is used for all transactions in the Avalanche network.
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.
A set of technologies developed by Ava Labs, which forms the basis for the AVAX Avalanche ecosystem.
Ava Labs is a financial technology startup led by Cornell professor Emin Gün Sirer
Emin Gün Sirer
Emin Gün Sirer is a Cornell professor who currently leads Ava Labs, the company behind Avalanche protocol.