Avalanche News
What is Avalanche (AVAX)?
As the blockchain market continues to grow exponentially, Avalanche is building the ultimate infrastructure for decentralized applications (dApps) by addressing the trilemma: scalability, security, and decentralization.
AVAX is the native token of the Avalanche platform. It serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees.
Features that make Avalanche unique:
Coin creation rate: The total supply of AVAX will be 720 million tokens, but it is possible that the total number of coins in circulation can reach this cap much earlier before the project has had time to develop. The predetermined amount of AVAX paid for each new block adds an element of certainty to the expected value of future AVAX returns.
Transaction fee structure: Avalanche’s transaction fees are dynamic. This means that they change depending on the number of users and the amount of network congestion at the time of your transaction. The more users we have, the cheaper a transaction costs per user. AVAX is deflationary, which means that as we grow, so too do our transaction fees.
Consensus mechanism: The Avalanche network gets its name from this confirmation method. Each transaction on the Avalanche blockchain is confirmed by a number of randomly selected peers, called witnesses or nodes. This random selection is done in such a way that ensures that each new witness will have to validate small sets of already-confirmed transactions before they are assigned to confirm any new ones. The overall effect is that the network resembles an avalanche, with snow sliding and organizing into piles as it falls.
Participation incentives: High uptime and fast response times are also two of the defining characteristics of Avalanche.
Avalanche vs. Ethereum
While there are several differences between Avalanche and Ethereum most notable is their scalability. Avalanche can process around 4,500 transactions per second (TPS) while Ethereum can only do around 30.
How do I add Avalanche to Metamask?
The guide by Ava Labs will take you through the process of acquiring AVAX via MetaMask, a popular digital currency wallet. If you don’t already have one, the process of signing up for an account with MetaMask is simple and fast. The first thing you’ll need to do is install the extension by going to https://metamask.io/ and clicking on the blue “Add to Chrome” button. You’ll then be able to use the extension on your browser exactly as if it were a plugin or a native part of Chrome.
Is the Avalanche Blockchain Safe?
That’s not to say the network is entirely safe from hackers. With smart contracts, in particular, you still need a basic understanding of software security. But Avalanche is entirely focused on making them more accessible and secure than ever before.
To that end, the platform’s unique consensus mechanism ensures that transactions are fast and verified by a large number of mining nodes. Its smart contract language is specifically for eliminating the vulnerabilities that have led to some of Ethereum’s worst hacks.
Does Avalanche crypto have a future?
Avalanche cryptocurrency is an interesting project with the potential to become one of the most used cryptocurrencies in the future. Currently, Avalanche has some minor drawbacks, but they are working hard to fix them.
We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
A guide to get started if you already an AVAX user
If your wallet is already configured for Avalanche, your first stop will be to game.defikingdoms.com to enter the Outpost.
At the Outpost...
Dexalot excited to list Degis $DEG token
Degis is a next-generation DeFi protection protocol. Bridging the physical and digital worlds, it is also the first all-in-one protection protocol...
Lemonade Crypto Climate Coalition to offer climate insurance to the world’s most vulnerable farmers.
The Lemonade Foundation, the non-profit association created by Lemonade to produce an...
Core Browser Extension & Mobile Wallet are purpose built for Avalanche, Subnets, and the next generation of Web3.
Ava Labs is about to start a two-phase launch of Core. a free,...
Degis announce their mainnet will launch on April 1st, with their initial product, Naughty Price Protection, released. The naughty price protection aims to protect users from highly...
MonoX 2.0 excited to announce a partnership with Ankr Protocol. Ankr is a decentralized backend infrastructure provider with the lowest failure rate amongst all providers, 99.9% uptime, and...
Trader Joe’s community will be among the first users of Merlin portfolio management, analytics and accounting tool by VALK immediately after the launch. Simply put, Merlin will work its...
InsurAce.io and QiDao are delighted to confirm a new, long-term partnership with a security focus.
InsurAce.io and QiDao partnership, collaborating on future projects and protecting...
Avata Network SuperPool Opening Ceremony, the reward amount for the first 14 days will be 3 times the normal reward amount!
Reminders
1. Whitelist participants have completed the first...
Recently Avalanche integrated Polkastarter IDOs. This means that you can now participate in Polkastarter IDOs on an Avalanche Pool.
Last week, they announced the first Polkastarter IDO on...
Merit Circle Partnership with role-playing game (RPG) Ascenders. This upcoming blockchain game features a massive open world that players can experience through its stories, challenges,...
Avadice is a unique collection of 4,444 hand-crafted dice exclusive only on the Avalanche
Avadice is an iGaming ecosystem, where you can play games or create passive income with the...
Kassandra investment fund will come with a special feature: all tokens inside the pool will be yield farming and autocompounding rewards for you!
This is made possible by their partnership...
Via Crypto.com’s Verso (VSO) Price Page you can now directly access Verso’s RSS news feed. This feature will enable Crypto.com users to obtain the latest news and updates on...
Ava Labs commits to the coalition of industry leaders advocating for sensible regulation of cryptoassets in the U.S
Ava Labs joins the Blockchain Association, a team of industry leaders that...
What does migration mean for PERA?
Pera Finance is always trying to implement new features to improve the user experience and contribute to the DeFi space. To make a fresh start, and migrate...
Passive income represents any amount of money that you can earn without being involved actively. Creating a way to generate passive income provides countless advantages: Think of it as...
Paradise Tycoon presents a beautiful MMO world where players can gather resources, farm, build and craft items for their own use or to trade with others. Players can buy land and hire...