AVALANCHE ANALYSIS

Avalanche Analysis

Several online applications render it necessary for a form of agreement or consensus between a groups of computers. Every participant has to reach an agreement on the specific asset held by a specific participant. This gave birth to Avalanche, a platform that is relatively new, riding on the back of promised security and energy efficiency with high-end features. The creation of this new platform occurred in 2018 with the help of technicians and experts in the field.

The platform features scalability, customization, security, and high-end functions with a mandate to achieve the following:
Establish platforms that are deployed for certain purposes ranging from public to private deployments.
Build arbitrarily cryptocurrencies and with specific features as well as custom rules.
Establish and launch scalable and decentralized applications (dApp).

Blockchain
A blockchain is a decentralized digital ledger. In this ledger, the responsibility of maintaining the ledger is not on a single entity; instead, multiple parties, also known as validators, are charged with the responsibility of managing the duplicate ledger with them.

Decentralized (Uncontrolled) Applications
Originally a simple application performs two primary functions:
It records certain information.
Allows you acquire these piece of information without affecting the nature of the information
To act on an application, one would require an executed transaction, changing the nature of information stored by an application. This is known as a transition of state.

Definition of a Decentralized application
It simply refers to an application that does not have a single authority to control the management and verification of both state and transactions respectively.

Understanding Decentralized Application Through Bitcoin
Firstly, it is important to state that one of the numerous examples of an uncontrolled (decentralized) application is Bitcoin. The cryptocurrency uses a blockchain framework to support its operations and functions. In this blockchain, the type of information stored gives details about owners of bitcoin and the quantity owned.
You should also know that blockchains function as ledgers, and details that may be found in the ledger includes information such as, "A pays B 2 units of Bitcoin" or "B sends A 1 unit of Bitcoin."

Virtual Machines
A knowledge of computer programming, especially object-oriented programming such as instances, classes and objects allows one to understand the nature of Virtual Machines. A virtual machine is class to a blockchain, making the blockchain an instance of a virtual machine. Most, if not all of the features of a blockchain is determined by a VM. These features includes the behavior of the blockchain, its state, the blockchain’s interface and so on. Hence, by virtue of its relationship with a virtual machine, a blockchain gets all of these properties from the VM

Subnetworks
Also known as a subnet, it can be defined as a combination of validators with the sole function of ensuring consensus regarding the information stored on a blackchain or sets of blockchains. The setup of a subnetwork allows a single validator on multiple subnetworks while a subnetwork can ensure the consensus on one or multiple sets of blockchains.

In conclusion, this platform has numerous features, some of which have been mentioned above, that enable it to function optimally when processing transactions. There are several other features of this platform that are yet to be mentioned. The creators of this blockchain platform, Avalanche, had an overreaching goal in mind, ensuring the safe and secure creation and transfer of digital assets on this platform.
However, you can find more information here and on their social media pages, such as Twitter, Facebook, LinkedIn, Telegram, Reddit, etc.

https://www.avalabs.org
https://chat.avalabs.org/
https://www.linkedin.com/company/avalancheavax/
https://community.avax.network/community/twitter/
https://community.avax.network/community/telegram/

Author: Dulo Wegner