Avalanche

From WEB3 Vulnerapedia
Jump to navigation Jump to search

Avalanche is a decentralized blockchain platform that aims to provide a scalable and customizable environment for the deployment of DApps and DeFi.

History

Introduced in 2020.

Technical details

Avalanche employs a unique consensus protocol, called Avalanche consensus, which utilizes a network of validators to achieve consensus quickly and efficiently. This consensus mechanism enables Avalanche to process a high number of transactions per second, making it suitable for applications requiring fast and secure transaction settlement. Avalanche also allows developers to create and customize their own blockchain networks, tailoring them to specific use cases. The platform has gained attention for its potential to address the scalability and decentralization challenges faced by many blockchain systems.

External links

https://www.avax.network/