Avax

Avalanche is a platform of platforms, enabling anyone to create tailor-made application specific blockchains and benefit from the revolutionary Avalanche consensus

Why Avalanche ?

1.

Speed

Avalanche finalizes transactions faster than your browser can refresh, delivering a user experience you'll struggle to find anywhere else in crypto.

2.

Science

Avalanche is the biggest breakthrough in blockchain technology since 2015. Its novel algorithm keeps fees ultra-low and allows the network to finalize transactions faster and more securely than any other major blockchain.

3.

Sustainablity

Avalanche is committed to a sustainable future and uses way less energy to create a dollar in value than other major blockchains. In fact, the entire Avalanche network consumes the same amount of energy in a year as only 46 US households, compared to 8.6 million for Bitcoin and 1.6 million for Ethereum. Safe to say you're on the right track with us.

Overview
  • Heterogeneous network of many independent Blockchains
  • Tendermint Consensus
  • Heterogeneous sharding platform
  • Hybrid Consensus - BABE and GRANDPA
  • Heterogeneous network of many independent Blockchains
  • Avalanche Consensus
Scability
  • Up to 1000 tps per Hub / Spoke
  • No limit on number of Hub / Spokes
  • Bandwidth bound
  • Up to 1500 tps per parachain
  • Limited to around 100 parachains
  • Relay Chain is the Bottleneck
  • Excess of 4500 tps per subnet
  • No limit on number of subnets
  • CPU Bound
  • 10,000+ tps with higher spec machines
Decentralisation
  • Limited to 200 nodes before tps loss
  • No limit on number of Zones/ Hubs
  • Anyone can create zone / hub
  • Small number of validators per parachain
  • Max ~1000 validators on the relay chain
  • Limited number of ~100 parachains - Highest bidder wins
  • Relay chain is single point of failure
  • Scale to tens of thousands of validators per subnet, even millions of validators all participating in consensus
  • No limit on the number of subnets / VMs
  • Anyone can create subnet / blockchain
Latency
  • 6 seconds for finality
  • 60 seconds for finality between parachains External blockchains require longer - ~60 minutes
  • Sub 3 second finality, with the majority happening sub 1 second
Shared Security
  • Every Hub and Zone has their own security
  • Research into shared security with Hubs validating zones
  • Shared security is optional
  • Relay Chain validated state transition for all parachains
  • Each parachain will need to implement their own security to protect against censorship attacks
  • Shared security is mandatory
  • Security is handled at the Subnet level, which can consist of multiple VMs (blockchains)
  • Every validator in a subnet also has a node on the Primary Network
  • Shared security is optional
Current Adoption
  • 51 Projects using the Cosmos SDK (although not all will connect to Cosmos Network)
  • Cosmos Project started 2016
  • Cosmos ICO April 2017
  • 73 Projects building on Substrate (although not all may connect to Polkadot)
  • Polkadot Project started 2016
  • Polkabot ICO October 2017
  • ~14 Projects currently building on Avalanche
  • Ava Labs founded in 2018
  • Avalance ICO July 2020
Enterprise Adoption
  • Permissioned and Permissionless Blockchains
  • Not required to hold large amounts of highly volatile asset
  • Must lock up large amounts of a highly volatile asset in auction and chance of being outbid and losing slot
  • Can't enforce regulated entities to validate chain
  • Roll Back of the relay chain would roll back the parachain
  • Permissioned and Permissionless Blockchains
  • Enforce regulatory requirements to join a subnet
  • 10,000+ Enterprises can all validate a subnet
  • Not required to hold large amounts of highly volatile asset
Interoperability
  • Interoperate across a path of connected Zones and Hubs
  • Different Trust levels with each zone / hub / path taken
  • Connect to external blockchains through Peg Zones or requires them to fork their code and implement IBC
  • All parachains share the same trust assumptions of the Relay Chain validator set
  • Connect to external blockchains through bridge parachains
  • Long finality times with external blockchains
  • Limited number of parachain slots
  • Interoperate between VMs within a subnet as well as between any subnet
  • Different Trust levels at the Subnet level
  • Primary Network can be used as source of trust
  • Connect to external blockchains through bridges
Tokenomics
  • ATOM only used for the Cosmos Hub
  • No connections to other zones currently
  • Each Zone/ Hub has own token and there will be many hubs
  • Inflationary / No Capped Supply
  • Current Market Cap of $1.1 Billion
  • Used to secure the Relay Chain
  • Each Parachain needs to acquire enough DOT to win an auction to secure a parachain slot
  • Parathreads DOT auction to get validated
  • Each parachain has their own token
  • Inflationary / No Capped Supply
  • Current Market Cap of $3.8 Billion
  • Every validarot of a subnet has to validate the Primary Network as well and Stake 2000 AVAX
  • Transaction fees on primary network, Subnet and blockchain creation fees in AVAX are burnt
  • Each Subnet can have their own token
  • Deflationary and MAx Capped Supply
  • Current Market Cap of around $100 Million
Total
15
15
20