A section from the world of blockchain
There was a serious crisis of confidence due to the 2008 economic crisis. It has been proven to transfer value from person to person, developed by Satoshi Nakamota et al. This is the most important development after the economic crisis. In this way, a new window was opened to the world. People started to recognize this decentralized technology called blockchain.
The creation of several projects using blockchain technology followed the efforts to raise funds through the creation of thousands of projects. Various platforms tried to meet the financing needs of their projects by creating ICOs or IEOs. After thousands of projects have been created, it has been observed that there are fragile points in blockchain technology. The founder of the AVA project Prof. Dr. Emin Day argues that trading with the fund in the Sirer deposit block chain is risky; he explained that they were working on a new blockchain chain.
Emin Gün Sirer's main lines are as follows: In the future, all securities, assets and even money will be digitized. Therefore, it is not possible for the first and second generation block chain chains to bear this load. Because there are scaling problems.This means that there will be problems in transmitting fast and high-quality data to users.During this period, transfer times are extended and transactions are slowing down.
Another important issue concerns the security of the system. The system does not have defense mechanisms against 51% attacks. Although the blockchain is decentralized; The presence of large mining pools threatens the system.
AVA's vision
After analyzing the problems, they opened the solution they developed with AVA team and Team Rockets to discussion.
The Ava Team created the Avalance council, a semi-stable network inspired by the third generation blockchain and gossip networks, with a semi-stable consensus protocol that simulates turning from snow to avalanche with the Alp Snow Storm concept.
For more information
Web: https://www.avalabs.org/
Whitepaper: https://www.avalabs.org/whitepapers
Twitter: https://twitter.com/avalabsofficial
Discord: https://discord.com/invite/ccc8vEP
Github: https://github.com/ava-labs
Telegram: https://t.me/avacoin_official
Linkedin: https://www.linkedin.com/company/avalabs/
Reddit: https://www.reddit.com/r/ava/
Facebook: https://www.facebook.com/AvaLabsOfficial/
Youtube: https://www.youtube.com/c/AVAofficial
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