AVALANCHE / USDT - BULL price action scenario
Creator:
Avax was created by professor and computer scientist Emin Gun Sirer in 2018
Development:
The team that collaborated in the development was AvaLabs; a New York based company that was also founded in 2018
Mainnet launch:
Avalanche (Avax) had its round of funding and raised $ 60 million in September 2020.
Brief recap:
Its name comes from a PoS consensus protocol from an anonymous team of developers called team rocket.
It has the ability to perform 4500 transactions per second and achieve the purpose in 1 second. The speed of Avalanche can vary depending on where in which of its three blockchains the transactions are executed (x-chain, Platform-chain, contract-chain)
x-chain: Handles all token minting and transactions on the network including those of the AVAX currency.
AVAX is used to pay for all transaction fees and these fees are burned.
AVAX has a maximum supply of 720 million tokens and is distributed as follows:
* 40% to the team
* 10% through various public sales.
* 50% were set aside to offer staking rewards.
P-chain: And coordinates all operations related to network validation including staking and delegation.
Validators need to stake at least 2000 AVAX and delegates need at least 25 avax.
Avax does not slash misbehaving validators and staking fees are about 10% per year and has a 2 week lockout period.
p-chain also makes it possible to create subnets that are basically customizable blockchains that leverage avalanche validator nodes
c-chain: It is the one that handles smart contracts.
It uses a modified version of the ethereum virtual machine and its transactions are estimated to be close to 1500 which is still fast for smart contract transactions.
One of the capabilities of the Avalanche subnet is that it makes it possible to run multiple and different virtual machines.
Ama claims to be the hub for the tokenization of real-world assets.
Avax was created by professor and computer scientist Emin Gun Sirer in 2018
Development:
The team that collaborated in the development was AvaLabs; a New York based company that was also founded in 2018
Mainnet launch:
Avalanche (Avax) had its round of funding and raised $ 60 million in September 2020.
Brief recap:
Its name comes from a PoS consensus protocol from an anonymous team of developers called team rocket.
It has the ability to perform 4500 transactions per second and achieve the purpose in 1 second. The speed of Avalanche can vary depending on where in which of its three blockchains the transactions are executed (x-chain, Platform-chain, contract-chain)
x-chain: Handles all token minting and transactions on the network including those of the AVAX currency.
AVAX is used to pay for all transaction fees and these fees are burned.
AVAX has a maximum supply of 720 million tokens and is distributed as follows:
* 40% to the team
* 10% through various public sales.
* 50% were set aside to offer staking rewards.
P-chain: And coordinates all operations related to network validation including staking and delegation.
Validators need to stake at least 2000 AVAX and delegates need at least 25 avax.
Avax does not slash misbehaving validators and staking fees are about 10% per year and has a 2 week lockout period.
p-chain also makes it possible to create subnets that are basically customizable blockchains that leverage avalanche validator nodes
c-chain: It is the one that handles smart contracts.
It uses a modified version of the ethereum virtual machine and its transactions are estimated to be close to 1500 which is still fast for smart contract transactions.
One of the capabilities of the Avalanche subnet is that it makes it possible to run multiple and different virtual machines.
Ama claims to be the hub for the tokenization of real-world assets.