AVALANCHE, A REVOLUTIONARY AND HIGHLY SCALABLE BLOCKCHAIN NETWORK THAT SOLVES PROBLEMS IN THE EXISTING BLOCKCHAIN NETWORKS.

AVALANCHE, A REVOLUTIONARY AND HIGHLY SCALABLE BLOCKCHAIN NETWORK THAT SOLVES PROBLEMS IN THE EXISTING BLOCKCHAIN NETWORKS.

By Decentraliza | BlockchainWorld | 29 Jun 2020


 

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INTRODUCTION

Blockchain technology is a very young industry that is still undergoing developments. Bitcoin was the first ever blockchain network created and some years after Ethereum network was created as well. Despite the shortcomings of these networks, it got widely adopted due to them being at the forefront as the earliest blockchain invention. Bitcoin and Etheruem network till today still have some problems which discourages crypto mass adoption. People always prefer  high speed , low charges and stability features in any digital currency but all these features are lacking in majority of the existing blockchain networks.Avalanche network has developed to solve all these problems . The team of Avalanche has developed a revolutionizing blockchain network that will eliminate all problems in the existing blockchain ecosystem .During Avalanche testnet  , a record of more than 1000 blocks producers was observed from different independent parties all over the world ,it surpassed test net from majority of the most anticipated networks and some major active main nets.The speed test during the test net was able to achieve more than 6,500 transactions per/second . Avalanche is a Universal decentralized ecosystem which aims towards improving the global financial system and facilitating global adoption of blockchain and cryptocurrency. AVALANCHE network will integrate Decentralized Financial system (De-Fi) which will give every citizen of the world equal right to participate in financial activities irrespective of their location, races and their national currencies. Avalanche and Ethereum Interoperability is possible , this will create a bridge connecting Avalanche to Ethereum

AVALANCHE (EXPLAINED)

Avalanche platform combines a novel and radically powerful consensus protocol that enables true decentralization at near instant confirmation times with an extensible and programmable network infrastructure that allows developers to launch new subnetworks with arbitrary new execution environments.. In terms of Speed , AVALANCHE has proved to be the world first smart contract platform which confirms transaction within a second. platform supports the entire Etheruem development tookit and enabling millions of full block producers. Avalanche network will enable developers build their customizable DApps and blockchain . As an open source network ,businesses, individuals , organizations or any institution can integrate AVALANCHE  to achieve efficiency in their operations.

Avalanche stand out among other blockchain network . It is a fully decentralized platform with high level of scalability.AVA is simply the long waited blockchain which has solved the problems of low Speed , insecurity , and high transaction cost associated with most blockchain networks. It offers smooth communication and intercommunication among blockchain networks.
AVAX  TOKEN
AVAX is the native token of the Avalanche platform.It is a capped-supply token. Cap is 720M AVAX tokens, and 50% of those tokens (360M) will be on mainnet.
AVAX serves as the base unit of account in the Avalanche network, provides the base security guarantees, pays for operations, and provides a wide suite of utility services.AVAX transaction fees are burned, increasing scarcity of AVAX.


AVALANCHE TOKEN SALE (AVAX)

Public token sale will kick off on June 8th ,starting from 10. AM Eastern Stanard time till 27th July . Interested investors will be able to buy token via 2 different available Sales options which will both run at the same time . Public Sale A and Public Sale B respectively will take place at the same time.
A total units of 7 million AVAX token wil be sold and each investor can purchase using either of the available options till the entire 7 million AVAX allocated for sales runs out . The token will be unlocked when private investors token get unlocked.Public Sale A will allow the public to purchase token at 0.50$ USD per token .In this sales option investors no maximum allocation per investors, it means each investor can buy with no limit.

Public sale B will enable users to buy token with no token lock up but at the price of 0.85 $/unit.In this round , each investor will be limited to to maximum purchase of $200,000USD Worth of AVAX token .If the allocated 7 million AVAX runs out before July 15th , another 5 million units of AVAX will be issued out for Public Sale . All unsold token will be absorbed by the Foundation.

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AVAX  Public Sale A and B

Date: (July7- July 27th) 2020
Option A

- Price: $0.50 / token
- Lockup: Yes
- Max check size: No
- Supply: Max 7M tokens
Token will locked and the unlock Period is the same with that of Private investors

Option B
- Price: $0.85 / token
- Lockup: No
- Max check size: $20k
- Supply: Max 7M tokens
No locked period .

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Official Resources

Website: https://www.avalabs.org/
AVA Documentation : https://docs.ava.network/
Twitter: https://twitter.com/avalabsofficial?s=20
Telegram : https://t.me/avacoin_official
Medium : https://medium.com/@avalabs
AVA Community :https://community.ava.network/

Authorship:
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
Eth address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272

 

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Decentraliza
Decentraliza

Am a Crypto Enthusiast And early blockchain adopter . I have passion for crypto trading , crypto blogging and general crypto promotion.


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