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29 September 2020

Ava Labs Sets Avalanche Mainnet Launch for Sept. 21 - CoinDesk

Ava Labs Sets Avalanche Mainnet Launch for Sept. 21 - CoinDesk


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Avalanche is a proof-of-stake blockchain which the team at Ava Labs claims can process 4,500 transactions per second even without the security tradeoffs usually associated with low-latency chains.

Avalanche’s presumptive high throughput and flexibility are positioning it to compete for DeFi market share, the team claims, particularly at a time when transactions have choked the go-to DeFi network in Ethereum and sent its transaction fees skyward as traders compete for block space.

“Avalanche will also support bridges to other networks for users to move assets between the networks, including a bridge to Ethereum that we’ll be launching very soon,” Sirer said

Ava Labs is the latest project to dive headfirst into a surging, multibillion-dollar DeFi market which is dominated by Ethereum

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