Avalanche

AVAX to USD
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Project overview

Launched in 2020, Avalanche is a proof-of-stake Layer 1 protocol with smart contract execution capabilities and Ethereum Virtual Machine (EVM) compatibility. It is known for its unique infrastructure, fast settlement finality and interoperability features.

Users have the flexibility to build decentralised applications on its mainchain or create custom networks known as “Subnets”. These Subnets are independent networks with their own nodes and validators, handling transactions and security within the Avalanche ecosystem.

As more well-established networks like Bitcoin and Ethereum continue to suffer from ongoing congestion issues, Subnets provide a solution by effectively driving traffic away from Avalanche’s mainchain. At the same time, Subnets offer users the option to customise tokens, allowing the use of native tokens or multiple tokens to optimise gas usage. Subnets are also interoperable with each other, allowing validators to collaborate or “cross-validate” on a blockchain or a set of blockchains to achieve consensus.

Technology

Avalanche’s architecture consists of three key components: The C-Chain enables the creation of Ethereum-compatible smart contracts, the X-Chain for creating native tokens (like ERC-20 tokens), and the P-Chain for setting up customised blockchains. The C-Chain also allows applications to transition from platforms like Ethereum to Avalanche, while the P-Chain allows parties to launch private (permissioned) or public (permissionless) networks, appealing to institutions, enterprises and crypto-natives alike.

Token supply model

Avalanche’s token supply model is designed to incentivise holders to stake their tokens and thereby improve the security of the network. Over time, the inflation rewards through staking will steadily decrease until the 720 million cap is reached. Upon its launch, Avalanche issued 360 million AVAX tokens and the remaining 360 million will be issued as staking rewards through a periodic token unlocks system.

Avalanche also implements a unique burning mechanism, where 100 percent of transaction fees are burned, potentially making the network deflationary during periods of high on-chain activity.

Key value drivers

The demand for high-performance and cross-chain interoperability is becoming a necessity for many high activity projects and applications. Many are moving away from networks like Ethereum and seeking alternatives that are capable for handling large transaction and network activity. Avalanche attempts to addresses these challenges with this high-performance subnet architecture.

Avalanche also caters to institutional needs through the introduction of Avalanche Evergreen subnets, allowing institutions to create customised blockchain solutions that meet their regulatory, legal and KYC requirements.

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Disclaimer:

The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorization or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.

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