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.
One publication found under IOU
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 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 […]
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 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 […]
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.