Skip to content
- Launched: 2020
- Creator: Emin Gün Sirer
- Purpose: Avalanche is a highly scalable blockchain platform designed for decentralized applications and custom blockchain networks. It aims to solve issues related to speed, scalability, and cost.
- Features:
- Consensus Mechanism: Avalanche uses a novel consensus protocol called Avalanche consensus, which is designed to be faster and more scalable than traditional Proof of Work or Proof of Stake.
- High Throughput: It can process over 4,500 transactions per second (TPS), making it one of the fastest blockchain networks.
- Use Cases: Decentralized finance (DeFi), dApps, private blockchains, and enterprise applications.
- Status: Avalanche is gaining traction for its high throughput and scalability, positioning itself as a strong competitor to Ethereum.
Leave a Reply