The importance of the Avalanche project
It is essential to explain the importance and mission of the project built on the blockchain network under the name of "Avalanche protocol". However, it is more important to reveal the advantages and differences of the Avalanche Project over similar projects.
The Avalanche protocol, created by a team named "Rocket team" in 2018, aims to address the main problems.
According to the Avalanche team, everything will become digital in the next few decades. Hundreds of times, more data will be transferred. For this, a technological structure is needed, whose problems are solved. Avalanche team, who thinks that the issues in front of the blockchain technology should be eliminated, is inspired by the idea of 'We will either find a way or make a way."
The protocols called snowflake, snowball, and Avalanche have announced that they have developed a compromise mechanism to combine the "Classic consensus" and "Nakamoto consensus" models when deciding on the chain network. According to Emin Gun Sirer, Cornell University Professor of the Project, "It's incredibly simple to work but incredibly powerful. "
In the protocols of the Avalanche family, inspired by gossip mechanisms, participants randomly but ultimately choose only one result. "This new family, inspired by gossip algorithms, is gaining its security through a metastable mechanism," White Paper explains. In particular, the system works by repeatedly sampling the network and directing the correct nodes to the same result. "
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The main goal of the Avalanche team is to build a new infrastructure for financial markets. Kevin Sekniqi, the founding partner of Avalanche, may have a unique value not only for finance (DeFi) but also for Wall Street's infrastructure and applications. "Our ultimate goal here is to be a platform where all assets are published; we want to cover DeFi and a much wider alternative asset."
Avalanche, aiming to be close to financial instruments in New York; He believes that being close to banks, brokers, and companies in Brooklyn will increase product awareness. As a result of many meetings and meetings in the center, which is the heart of the financial sector, it will change a lot in the long run.
Useful Links
Linkedin: https://www.linkedin.com/company/avalancheavax/
Twitter: https://twitter.com/avalancheavax
Document: https://docs.avax.network/
Telegram: https://community.avax.network/
Facebook: https://www.facebook.com/avalancheavax
Youtube: https://www.youtube.com/c/AVALabsofficial
Reddit: https://www.reddit.com/r/avax/
simonx