What is Avalanche?
Avalanche is an umbrella platform for launching decentralized finance (DeFi
) applications, financial assets, trading and other services.
It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.
Developers at Ava Labs claim that Avalanche is the first intelligent contracts network to offer transaction finalization under a one-second standard.
Avalanche launched its main net in September 2020. The platform's native token, AVAX, performs various Avalanche tasks and functions as a rewards and payment system.
Who founded Avalanche?
Ava Labs has three co-founders: Emin Gün Sirer, Kevin Sekniqi and Maofan Yin. Sirer is the veteran computer scientist long associated with Bitcoin (BTC
) and decentralized networks. Like Sirer, fellow co-founders Kevin Sekniqi and Maofan "Ted" Yin are also associated with Cornell University. The remainder of the team is made up of computer scientists, economics, finance and law experts.
How does Avalanche work?
Avalanche provides decentralized asset trading which anyone can launch and use, and does so with a network that is unique in the digital realm in providing subsecond transaction confirmations.
Developers aim to bring together the huge, fragmented and often opaque world of asset trading under one roof, allowing barrier-free access. Developers can create and release all manner of entities from blockchains to digital representations of any asset and allow them to trade according to any given parameters. These include, for example, mimicking compliance regulations in various jurisdictions.
The AVAX token forms the in-house payment method for Avalanche for fee collection during transactions and incentives and related purposes.
Can I earn money with Avalanche?
Yes, you can earn money by trading Avalanche (AVAX). Buy low, sell high. Avalanche can be used to trade against other cryptocurrencies. In the past year, the Avalanche price has increased enormously but also had some corrections. Always trade responsibly. Often the price is influenced by Avalanche news. Buy Avalanche at Coinmerce.