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29 September 2020

Avalanche blockchain platform from Ava Labs launches on Sep 21 » CryptoNinjas

Avalanche blockchain platform from Ava Labs launches on Sep 21 » CryptoNinjas


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Avalanche is launching its fully-featured mainnet, a highly-scalable, open-source platform for decentralized finance (DeFi) applications and enterprise blockchain deployments in one, interoperable ecosystem, next Monday, September 21.

Avalanche is the first smart contracts platform that confirms transactions in under one second, supports the entirety of the Ethereum virtual machine (VM) and development toolkit, and enables up to millions of independent validators to participate as full, block-producing nodes (Avalanche featured over 1,000 nodes operated by community members on its Denali testnet).

The Avalanche (AVAX) token is the native token of the Avalanche platform and is primarily used to secure the network through staking, pay for operational fees, transfer value peer-to-peer, and create new networks on the Avalanche platform.

In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing blockchain networks (4,500+ transactions/second on low hardware), and security thresholds well-above the 51% standards of other networks.

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