Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.
Avalanche is finally getting its mainnet. Avalanche, which came out of stealth mode 16 months ago, will be launched on its mainnet from Monday, September 21st. This will be a very important step that will enable decentralized finance, namely DeFi, to reach its true potential.
Emin Gün Sirer, CEO of Ava Labs, made statements explaining how important the transition to mainnet is:
“Monday will mark the beginning of a new era for cryptocurrencies, blockchains, and decentralized applications. Avalanche is the first major breakthrough in our space since Satoshi’s leap forward, and we intend to follow in their footsteps to have the same, defining impact as we stand on the cusp of a new decade.”
At the beginning of September, DeFi applications on Ethereum peaked at $9.6B in total value locked, more than doubling the market’s size in under a month, according to Defi Pulse . This incredible growth has validated the real interest in decentralized technologies, specifically within finance. Ethereum gas fees peaked at an average of $15 per transaction and the network was congested limiting participation to high-net-worth individuals and larger organizations. Avalanche can help Ethereum-based applications achieve high-performance, security, and scalability without much change to their current workflow. The Avalanche Contract Chain (C-Chain) is an implementation of the Ethereum VM, meaning Solidity works out of the box to make porting over applications seamless.
In addition to supporting sub-second transaction finality, Avalanche is capable of throughput orders of magnitude greater than existing blockchain networks (4,500+ transactions/second), and security thresholds well-above the 51% standards of other networks.
