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Avalanche

Avalanche is a Brooklyn-based smart contracts platform in the blockchain industry.

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All edits by Soroka Andrey

Edits on 5 Feb, 2022

"Andrey Soroka"

Soroka Andrey

edited on 5 Feb, 2022

Edits made to:

Infobox (+1 properties)

Timeline (+1 events) (+740 characters)

Description (+216/-234 characters)

Avalanche

Avalanche is a consensus protocol based on random sampling of the network and a metastable mechanism. The term Avalanche is used to describe a specific directed acyclic graph based instance of a larger family of consensus protocols.

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Don't believe it? Try an app on Avalanche today.

Infobox

Instagram

https://instagram.com/crunchbase

Timeline

February 5, 2022

To maintain the mechanics in Terra, a floating exchange rate currency is used - LUNA. The coin allows you to reward validators for conducting transactions, and also provides the network with scalability and decentralization. The algorithm for changing the money supply is responsible for the stability of the stablecoin rates. This avoids the risk of increased emissions for selfish purposes, as it was with Ripple, and the outflow of funds in case of exceeding the exchange rate of 1:1, as it was with DAI on the Maker platform.

The uniqueness and practicality of Terra, as well as a good reward for staking with an average annual yield of 7.2%, led the blockchain to the third place in terms of blocked funds, pushing Solana and Avalanche.

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