AVAX Quick Links
Avalanche
Avalanche is a general purpose blockchain platform founded by Cornell University professor, Emin Gün Sirer. Developers can deploy decentralized applications such as decentralized finance, gaming, and NFTs via smart contracts. Validators secure the network through a proof-of-stake consensus protocol which allows for fast and low-cost transaction processing. Developers and users of the network uses the native currency (AVAX) to pay for transactions.
How does Avalanche work?
Avalanche sees the piecemeal nature of the crypto market across the world as a big hurdle. Currently, different countries work on different financial systems and regulations. Smooth trading of digital assets can be problematic.
Avalanche aims to solve this. It’s aiming to create a unified global financial market, where users of the platform will be able to trade digital currency in a frictionless way.
The project uses the proof-of-stake consensus algorithm. This not only makes it fast, but also consumes less energy than some other exchanges available. Avalanche’s own consensus network, AVA, enables this while also allowing the development of Dapps by users to enhance the platform further. AVA also allows users to launch their own, admittedly smaller, networks with the right infrastructure.
The Avalanche network plays host to Ethereum, bitcoin, and other cryptocurrencies, as well as collectibles. It also enables P2P lending on its platform, something which has only recently come to the crypto space.
Source: WHAT IS AVALANCHE (AVAX)? AVALANCHE ECOSYSTEM OVERVIEW (AVAX) | HoldingB.com
Avalanche: Defining Web3
In this official Avalanche video, John Nahas (VP of Business Development at Ava Labs) presents an overview of how Avalanche defines Web3, and the steps the team and the community are taking to bring adoption of Web3 through Avalanche.
Uniswap Foundation postpones vote on incentives
Users imply that the unnamed VC firm's actions had revealed its significant influence, which could be seen as a mistake, undermining the decentralized values.
Report Shows No Evidence of Special Treatment for BTC Ponzi Scheme Mastermind in Brazilian Jail
The Brazilian State Attorney General has dismissed allegations that Johann Steynberg, the late mastermind of a South African bitcoin ponzi scheme, was granted irregular access to a computer and the internet while in prison. Acting public…
XRP SEC Lawsuit Update: A “Fire Gensler” Campaign & A Biden Veto
Ripple CEO Brad Garlinghouse calls on President Biden to replace SEC Chair Gary Gensler
The inevitable future of the global financial system is tokenization | Opinion
Tokenization of the world's finances is the direction in which the global financial systems, markets, and institutions are inevitably headed.
Polkadot’s Major Milestone and Its Unexpected Market Reaction
Polkadot, a leading blockchain network known for its innovative approach to scalability and interoperability, recently achieved a significant milestone that underscores its commitment to decentralization. However, despite this achievement,…
Dogecoin Sentiment Turns Bearish Again – Here’s What Happened The Last Time
Dogecoin was one of the best-performing assets in the crypto market in the past month, outshining blue-chip cryptocurrencies like Bitcoin. According to data from CoinGecko, the meme coin's price rose by more than 26%, while BTC increased in…
Crypto community divided as Biden vetoes repeal of SEC’s SAB 121
Here's how the crypto community reacted to Biden's SAB 121 repeal veto.
Shiba Inu (SHIB) May Break Major Record This Month, Here’s Reason
Shiba Inu (SHIB) had a good showing in the month of May, despite the broader market uncertainty. The digital currency recorded 13.2% growth in May, according to data from Cryptorank.
Here’s How This Crypto Trader Made $160,000 With Trump’s Conviction
Opportunists are the people who know how to make the best out of the situation, and this is what this crypto trader did with Trump's conviction. Earlier, the ex-US president, Donald Trump, was convicted of 34 felonies, including falsifying…
Ethereum (ETH) Confidence Soars Among Large Whales, Here’s Big Bullish Driver
Recent report published by the on-chain data aggregator IntoTheBlock shows that recently large Ethereum whales have become more confident in their big bet on Vitalik Buterin-made cryptocurrency.
Avalanche Wallet
Avalanche DeFi
Avalanche Tokenization
Digital tokenization is a revolutionary concept that is challenging the world of traditional finance. It is a process that converts Real World Assets (RWA) into digital form (such as tokens or NFTs) which can be bought, traded, and sold using blockchain technology.
Here’s a great Tokenization article posted by Non-Custodial Finance (NCF) which explains what tokenization is, how it works, and how it affects the financial industry.
