Avalanche project goals
Avalanche is a scalable, high performance, secure, and customizable blockchain platform. The platform designed for mass use. Especially in the financial field; It aims to contribute companies to participate in blockchain applications.
Avalanche allows for creating custom blockchains. Launching and running decentralized, highly scalable smart contracts (DaPP’s) is an important event. Contracts and contracts created with special rules mean arbitrarily creating complex digital assets. The safety of private chains on this platform means ease of spreading in general.
Projections of the Avalanche project team regarding the future are essential. Because it based on the main point of the teamwork on these projections, over the next decade, there will be hundreds of times more data and big data flows. In particular, digitization and tokenization will significantly increase this data flow. For this reason, future solutions should also be comprehensive. The purpose of the Avalanche project, created by Kevin Sekniqi, and Emin Gun Sirer, is to provide a platform that combines data transfer and trade.
It is very democratic because it enables users on the network to participate in management first hand. Anyone who has tokens on the web has the right to vote on how it develops and the selection of basic financial parameters. With this aspect, everyone is inclusive. It can support a global network of hundreds of millions of users with breakneck processing speeds per second with low latency.
Consensus protocols between nodes are essential to ensure that data and value transfers are error-free. After 2018 years of research and observation, combines the best aspects of classical consensus protocols with the Nakamoto consensus. Based on a light network sampling mechanism, high efficiency achieved with low latency without the need for the approval of 75% of the members. Due to the low latency, many blockchains cannot support daily practices or business life. Waiting for hours for the transactions to be confirmed also stops the development of trade. In Avalanche protocols, operations usually reach certainty in less than seconds.
Useful Links
Linkedin: https://www.linkedin.com/company/avalancheavax/
Twitter: https://twitter.com/avalancheavax
Document: https://docs.avax.network/
Telegram: https://community.avax.network/
Facebook: https://www.facebook.com/avalancheavax
Youtube: https://www.youtube.com/c/AVALabsofficial
Reddit: https://www.reddit.com/r/avax/
simonx