Avalanche
AVAX
Crypto
Decentralised Networks
USD 35.08-3.22%
Avalanche
UMushroom community rating:
About
Decentralised Networks
Categoryn/a
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2020
Year of creation
Description
Avalanche (AVAX) is a Decentralised Networks crypto coin. Avalanche`s origin block was generated on 2020-09-21. More information can be found at https://avax.network/.
Key Technical Advantages:
Snow Protocol Family: The paper introduces a new set of leaderless security protocols called Snow. These protocols are designed to achieve agreement among a group of distributed systems by using a unique method called network subsampling, which provides strong safety guarantees while maintaining high performance and scalability. Environmentally Friendly and Efficient: Unlike traditional consensus methods like those used in Bitcoin, Snow protocols don't rely on energy-intensive proof-of-work systems and don't consume energy when no decisions need to be made, making them more environmentally friendly and efficient. Communication Overhead: Snow protocols are more efficient in terms of communication between nodes (computers in the network). They require a small, constant amount of communication per round and a logarithmic number of rounds, which is less than what is needed in traditional consensus protocols. Gradual Safety Degradation: The safety guarantee of Snow protocols decreases gradually when malicious participants exceed a certain limit, making it easier to choose this limit and providing a balance between safety and the ability to reach consensus quickly. Avalanche Payment System: The paper showcases the potential of the Snow protocol family by presenting a practical peer-to-peer payment system called Avalanche. This system reduces the cost and streamlines the process when there are no conflicting transactions, making it more efficient than other systems. Content summarized by AI chatbotSource:
https://www.avalabs.org/whitepapersKey figures
-9.06%1Y
-65.4%3Y
-75.9%5Y
Performance
36/ 351D
55/ 331M
64/ 171Y
Highs/ Lows
13.09.2022
USD 134.47
All Time High
26.08%
% of All Time High
-93.49%All Time
-72.45%1 year
Max drawdown
#11
Ranking by Market Cap
14,684.43 M
Market cap (USD)
0.00%
% of Market
862.463 B
Category Market Cap (USD)
1.70%
% of Category
448210694
Circulating Supply
409874394
Liquid Supply
91.45%
Liquid/ Circulating Supply
715748719
Max Supply
62.62%
Circulating/ Max Supply
582872045
Volume Traded
2.31%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
4.00
Innovation:
5.00
Society:
4.00
Nature:
5.00
Nico Kraus
.
RECOMMENDED CRYPTOS
