Avalanche

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

The Avalanche protocol was released by an anonymous group called Team Rocket in May of 2018. It was then developed by a group of Cornell researchers led by Emin Gun Sirer, who is now the founder and CEO of Ava Labs. 

The Avalanche Mainnet was launched in September 2020, when it also issued its native $AVAX token. 

Avalanche is an open, programmable smart contracts platform built to enable the launch of decentralized applications that are scalable and secure. 

Avalanche is designed with an emphasis on interoperability, meaning its infrastructure could be utilized by a multitude of blockchains that use $AVAX as the underlying token. 

$AVAX has a capped supply of 720 million tokens. The rate at which the maximum cap is reached is subject to governance of token holders. 360 million tokens were supplied at the genesis block, while the remaining 360 million are minted over time. 

Avalanche has gained traction with decentralized finance applications due to its high speeds and low costs. Total value locked (TVL) on the Avalanche ecosystem exceeds $13 billion as of Nov. 2021. It crossed $1 billion for the first time in late August 2021.


Avalanche's top DeFi protocols by TVL are Aave and Trader Joe. TVL represents the amount of assets being staked on a certain protocol.

Dogecoin

Dogecoin, the tongue-in-cheek cryptocurrency that's exploded into the limelight this year, has again found support from Tesla billionaire Elon Musk...

Elon Musk Attracts 4 Million Doge Army Avalanche As Wild Tesla Speculation Helps The Dogecoin Price To Suddenly Soar

The Avalanche cryptocurrency, the first cryptocurrency ever to implement the Avalanche consensus, experienced an outage of service yesterday when its web wallet presented an outage that lasted for six hours. This was the consequence of severe congestion due to an airdrop carried out by AvaLaunch, leaving users without control of their funds for this period. […]

Avalanche Web Wallet Stalls For 6 Hours After Avalaunch Airdrop Snapshot

Unless you've been living under a rock for the last couple of years, you've probably heard of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE).

Here Are Five Small Cap Cryptocurrencies With High Growth Potential: BitTorrent, THORChain, Avalanche, Kusama, Huobi Token

PRESS RELEASE. BENQI, a liquidity market operating on the Avalanche network, has completed a private funding round. A total of $6 million was raised in a round led by Ascensive Assets. A number of leading investors on blockchain and the emerging Avalanche ecosystem also participated. These include Mechanism Capital, Dragonfly Capital, Arrington XRP Capital and […]

BENQI Closes $6M Round to Create Algorithmic Liquidity Market on Avalanche

Ethereum

SushiSwap is about to provide DeFi devotees with a reason to use Avalanche.

Ethereum's Top Decentralized Exchange Heads to Rival Avalanche

Avalanche is a platform for building powerful decentralized applications and custom blockchain implementations. Here's how it works.

What is Avalanche Network (AVAX) and Why it Matters

The blockchain, which had been touted for its ability to handle a high volume of transactions, was brought down by an unusually high number of transactions.

Avalanche Brought Down by Bug Triggered by Unusually High Volume, Engineer Says

A "cross-chain finality" bug has forced the network into "self-healing mode."

Avalanche Developers Rush Client Patch as ‘Bug' Slows Blockchain Transactions

Quick Take Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem

Mapping out Avalanche's ecosystem

A widely-followed crypto trader says one crypto newcomer is poised to print a massive move en route to becoming one of the largest coins in the industry. In a new tweet, the pseudonymous trader named Kaleo tells his audience of 50,700 that Avalanche (AVAX) is gearing up to triple its value against Bitcoin (BTC) as […] The post Top Trader Says This Crypto Newcomer Is Primed for a ‘Giga Move' and Will Become One of the Largest Coins on the Market appeared first on The Daily Hodl.

Top Trader Says This Crypto Newcomer Is Primed for a ‘Giga Move' and Will Become One of the Largest Coins on the Market

TrueUSD is set to become the first US dollar-backed stablecoin to launch on the Avalanche blockchain in the first quarter of 2021. The post TrueUSD to launch on Avalanche's blockchain appeared first on The Block.

TrueUSD to launch on Avalanche's blockchain

The Avalanche blockchain is hosting a new kind of token designed to allow retail investors to invest in the outcome of lawsuits. The post A litigation financing investment token has launched on Avalanche's blockchain appeared first on The Block.

News for Avalanche Crypto (AVAX)