WHAT IS THE AVALANCHE NETWORK | 10% beneficiary to tron-fan-club
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I will like to explain what an avalanche network but before I do that, I will like to explain their unique consensus model. You must know that a lot of people have been using the practice byzantine fault consensus model before the new consensus model. What the practice byzantine fault does is to connect multiple computers and work based on the data the computers have. It was not until Bitcoin was created it introduced a new consensus model and it is by far better than the old one. Presently, the avalanche has a unique consensus that is far different from other consensus models.
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Although, the Avalanche blockchain has some similarities with Bitcoin Proof of Stake. The Avalanche blockchain has something called subsampled voting and what this means is that they have a huge number of people who volunteered to observe things in the network. The conclusion of this subsampled voter will assess by the network users weather or not accept it. The network has something special that makes consensus that will be achieved at the right time.
The security of the Avalanche network is very high because you will need to control about 80% of the network to carry out an attack but on the Bitcoin blockchain, you will need about 51% of the computer and on the Ethereum 2.0, you will need 51% to the entire stake token to attack the network.
Avalanche blockchain is very fast because allows about 4,500 transactions per second and the network achieves its finality in 3 seconds. This is by far faster than Bitcoin which can only process 7 transactions per second and also takes about an hour to finalize but Ethereum can process 15 transactions per person and take about 10 minutes to finalize.
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The primary network of the Avalanche network which is X-Chain, C-Chain, and P-Chain uses the Avalanche consensus model and the Avax LABS uses a better consensus model called Snowman Protocol. The snow protocol was created to relate will the EVM while the primary protocol has a general use case.
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The Avalanche network coin has the maximum supply of 720 million coins and it is a deflationary coin. The more coin that you stake on the platform and the higher your will be able to vote and you can participate in the network decisions. The AVAX Lab sold a huge amount of coin that is about 127 million coins when it launched. The coins are sold at a lower rate and those coins that were sold at launch are locked.
A | B |
---|---|
Market cap | $6,699,080,280 |
Fully Diluted Market Cap | $16,959,953,633 |
24hr Volume | $1,039,989,253 |
Volume / Market Cap | 0.1512 |
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The Avalanche network created a special way market by asking people to use there to network and they are giving out about 180 million dollars to make people try out the network. The incentives marketing strategy has made more people try out their network and has led to increasing in the price of the coin.
We have taken back our vote on this post because we have come to realize that this is a farming account which is very common and similar to the account of @sheayman.
Remarks: FARMING ACCOUNT
CC: @engrsayful, @steemcurator01, @steemcurator02
@chiabertrand
This account has been found to be a farming account between the user and @sheayman. Please i request you remove any active upvote on both accounts.
Cc: @kouba01, @fredquantum , @chiabertrand
I discovered the frivolous interaction/link between the accounts yesterday and have adequately reported to the team and Admins/MODs of the communities they have blogged in.
I guess one of the team members of Quality Control has notified SC09 about the discovery as of yesterday. The upvotes given earlier would be removed sooner. Thanks for the reminder.
Thank you so much for the quick notice as well. We will remove the upvotes as soon as possible. This actions are totally forbidden by the steemit ecosystem and users of such actions will only have themselves to blame.
https://steemit.com/hive-183397/@supo1/what-is-the-avalanche-network-or-10-beneficiary-to-tron-fan-club
Wow thanks for elaborating on the Avalanche network including how they function as well as their current price in the market.
A well detailed talk on avalanche network. Thanks for sharing with us.
Hello friend,
It is rare to come across such an educative post as yours, I can bet that you spent quality time to prepare this post.
Thank you very much for this quality post, I hope to see more of this post as I visit your blog.
#steem-on 💙