Ano ang Avalanche? (AVAX)
Ipinaliwanag ang Avalanche (AVAX)
Ang Avalanche ay isang blockchain platform na naglalayong tugunan ang blockchain trilemma of scalability, security and decentralization salamat sa natatanging mekanismo ng Proof of Stake (PoS).
Tulad ng Ethereum, Sinusuportahan ng Avalanche ang mga smart contracts para magpatakbo ng mga desentralisadong aplikasyon (dApps) sa network nito. Dahil ang mga smart contracts ng Avalanche ay nakasulat sa Solidity language na ginagamit din ng Ethereum, nilalayon nitong lumikha ng mas malaking blockchain nang magkakaugnay sa pamamagitan ng pagsasama ng mga decentralized finance (DeFi) ecosystem, kabilang ang mga mahusay na naitatag na proyekto tulad ng Aave and Curve.
AVAX, ang native token ng Avalanche platform, ay ginagamit upang palakasin ang mga transaksyon sa ecosystem nito. Ang AVAX ay nagsisilbing paraan upang ipamahagi ang mga reward sa system, lumahok sa pamamahala at mapadali ang mga transaksyon sa network sa pamamagitan ng pagbabayad ng mga bayarin.
Sino ang Gumawa ng Avalanche?
In May 2018, Team Rocket — a pseudonymous group of software developers — published an article that detailed the basis for the Avalanche protocol. Soon afterwards, Emin Gün Sirer founded AVA Labs with the goal of creating and developing the Avalanche blockchain.
Sirer is a professor of computer science at Cornell University and was a notable member of the Initiative for Cryptocurrencies and Contracts (IC3). In 2003, he also created Karma, a Proof of Work virtual currency for peer-to-peer file sharing systems that predated Bitcoin.
Avalanche raised $42 million through an ICO in July 2020 and has continued to draw big investments since. In July 2021, the Avalanche Foundation held a token sale raising $230 million, with participants including large VC companies such as Polychain and Three Arrows Capital.
Paano Gumagana ang Avalanche?
Although Avalanche’s platform is complex, there are three primary aspects of its design that distinguish it from other blockchain projects: its consensus mechanism, its incorporation of subnetworks and its use of multiple built-in blockchains.
In order for a blockchain network to validate transactions and remain secure, it must employ a protocol that allows its nodes to reach agreement — or consensus. With regards to cryptocurrencies, the conversation has centered around Proof of Work (PoW) vs Proof of Stake (PoS) as the leading methods for reaching this agreement.
Avalanche uses a novel consensus mechanism that builds on the PoS foundation. When a transaction is initiated by a user, it’s received by a validator node that samples a small, random set of other validators, checking for agreement. The validators perform this sampling procedure repeatedly, “gossiping” with each other to ultimately reach consensus.
In this way, one validator’s message is sent to other validators, which sample more validators, which sample even more validators – again and again, until the whole system reaches agreement on an outcome. Just as a single snowflake can become a snowball, a single transaction can eventually turn into an avalanche.
Validator rewards scale according to the amount of time a node has staked its tokens, called Proof of Uptime, and if the node has historically acted according to the software’s rules, called Proof of Correctness.
Avalanche users can launch specialized chains that can operate using their own sets of rules. This system is comparable to other blockchain scaling solutions, like Polkadot’s parachains and Ethereum 2.0’s shards.
Consensus on these chains is reached by subnetworks (or subnets), which are groups of nodes that participate in validating a designated set of blockchains. All subnet validators must also validate Avalanche’s Primary Network.
Avalanche is built using three different blockchains in order to address the limitations of the blockchain trilemma. Digital assets can be moved across each of these chains to accomplish different functions within the ecosystem.
- The Exchange Chain (X-Chain) is the default blockchain on which assets are created and exchanged. This includes Avalanche’s native token, AVAX.
- The Contract Chain (C-Chain) allows for the creation and execution of smart contracts. Because it is based on the Ethereum Virtual Machine, Avalanche’s smart contracts can take advantage of cross-chain interoperability.
- The Platform Chain (P-Chain) coordinates validators and enables the creation and management of subnets.
Bakit May Halaga ang AVAX?
Tulad ng marami pang ibang mga cryptocurrency, ang Avalanche ay may nakalimitang supply na mga 720 milyong AVAX token, kalahati nito ay ginawa at ipinamahagi sa panahon ng paglulunsad ng Avalanche noong 2020. Ang natitirang mga token ay bubuo ng proseso ng pagmimina sa anyo ng mga staking reward.
Dahil ang mga reward sa validator ay nakabatay sa Proof of Uptime at Proof of Correctness, ang staking AVAX ay lubos na insentibo, na lumilikha ng isang sistema kung saan nananatiling medyo mababa ang circulating supply ng AVAX — kahit na mataas ang demand para sa token.
Bukod pa rito, hindi tulad ng ibang mga blockchain tulad ng Bitcoin at Ethereum, ang mga bayarin ng Avalanche ay hindi binabayaran sa mga validator ng network. Sa halip, ang lahat ng mga bayarin ay sinusunog. Lalo nitong pinapataas ang kakulangan ng AVAX, na binabayaran ng proseso ng pagmimina sa pagsisikap na matiyak ang mahabang buhay ng network.
Mga Gabay sa Crypto ni Kraken
Avalanche offers a high-fidelity, high-security network that balances the speed and cost-effectiveness of transactions, while staying easy to use and reliably decentralized.
Any user wishing to explore Avalanche's offerings may wish to purchase the AVAX token as it’s used to pay for transaction and gas fees, interact with smart contracts and to take advantage of Avalanche’s staking rewards.
Those who are interested in Avalanche’s DeFi programs or see potential for other dApps building on the network may want to hold AVAX in order to participate in these projects.