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).
Chapter 1 — Why is privacy in DeFi so important?
Along with the promise of an uncensorable and unstoppable P2P network of payments system proposed by Bitcoin in 2009, some people were...
Composable is fascinated to announce that has integrated Avalanche’s scaling solution, the Contract Chain (C-Chain), into Mosaic to continue the expansion of its Proof of Concept (PoC)....
Multi-chain DeFi & NFT Management Platform now brings users access to services on Avalanche. Collectively, Krystal now enables you to access 23 DeFi services and manage NFTs on 4...
They are facinated to announce a partnership with Ava Labs, the team behind the development of the Avalanche Network which is an EVM-compatible blockchain network platform with a...
DeFi Yield Protocol has chosen the highly capital-efficient KyberDMM DEX to boost DYP token liquidity on Avalanche, with $300,000 in $DYP and $KNC liquidity mining rewards.
KyberDMM (Kyber...
Pangolin is happy to announce a formal partnership with Teddy Cash. Teddy Cash is a fork of the Liquity protocol for the Avalanche C-Chain subnet. Teddy Cash follows Liquity’s vision of a...
An exciting time for the protocol, the Rome Terminal team is excited to announce an agreement for native integration with one of DeFi’s most advanced market services: KyberDMM.
An overview...
Pangolin is thrilled to announce a partnership with Rome Terminal, an aggregated analytics terminal created by Rome Blockchain Labs. The Rome Terminal, is a multi-network and multi-dApp...
BENQI is thrilled to announce the launch of the second phase of our ongoing Avalanche Rush initiative. The first phase has been a resounding success for the Avalanche ecosystem broadly,...
Recently, they have released their compensation plan and platform relaunch plan. Today They are going to address several frequently asked questions from our community, and we’ll...
The third quarter of the year has come and gone and with it Snowball has grown alongside Avalanche to become an emerging player in DeFi. We’ve revamped their website, added dozens of new...
$PARTY V2 token
The new $PARTY V2 token is needed in order to make the essential changes to their reward system. Sadly, all their $PARTY V1 reward tokens are locked in the TreasuryVester...
Pangolin is fascinated to announce a partnership with Iron Finance. Iron Finance is a multi-chain, decentralized, non-custodial ecosystem of DeFi products, protocols, and use cases. The...
BENQI is thrilled to announce its native integration into the Rome Terminal. The Rome Terminal is a multi-network, multi-dApp trading terminal launching on Avalanche in October 4 as the...
Pangolin is thrilled to announce a partnership with Reflexer Finance. Reflexer Labs is a distributed team building open-source software and on-chain autonomous controllers for the...
Today, Avalanche (AVAX) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store AVAX in most Coinbase-supported...
The largest native DEX on Avalanche joins the program, ‘Joe Rush’ is here! Trader Joe has officially joined the Avalanche Rush Program, with a combined total of up to $20M in...
Penguin Finance is thrilled to announce that Verso Finance — a decentralized marketplace for financial products and DeFi mass adoption via regulated e-wallets — will be the first project...