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CryptoTeka Crypto Picks
Involved
Avalanche
AVAX
Founded
2020
Price
$14.48
Your Income
4.39 K AVAX
AVAX vs US
0%
Market Cap
$4.98 B
Avalanche is an open, programmable smart contracts platform for decentralized programs. What does that mean? Like many decentralized protocols, Avalanche has its token known as AVAX, which is used to pay transaction fees and can be staked to secure the community.
Like Ethereum, Avalanche can energy a broad type of applications like stablecoins, Defi protocols (lending, financial savings, decentralized trading), and NFTs. Avalanche is also compatible with Solidity, the programming language utilized by the Ethereum network, which means builders from one of the largest and most engaged groups in crypto can construct on Avalanche and use it to install custom private or public blockchains as “subnets.” And while the Bitcoin blockchain can usually perform procedures around seven transactions per second, Avalanche claims to process over 4,500 transactions per second. How does Avalanche work?
Avalanche’s network includes 3 component blockchains: the Platform Chain (P-Chain),
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Gavin Wood
‘80 Apr 22 / 43 Y.O.Years Present
2013 - now
Net worth
450.00 M $
When released Bitcoin in 2009, Dr. Gavin James Wood, the co-founder of Bitcoin’s most prominent rival Ethereum, was knee-deep inside the computer visualization of music and completely fed up with the hype around cryptocurrency. Through the end of 2013, the British programmer had 15 years of open-source coding experience (and had been coding for 25 years of his 33) and came across Jonny Bitcoin and Vitalik Buterin. Jonny was hoping Wood’s coding experience might assist Buterin to transform Ethereum from a white paper to a beneficial blockchain. His wish bore fruit, and within weeks Wood joined Buterin in Miami to jot down the PoC-1 of Ethereum and present it at the North American Bitcoin convention in January 2014.
Six months after the conference, the founders met in Zug, Switzerland, to formally discovered Ethereum. At some point in that time, Dr. Wood turned busy ideating and putting down the groundwork of the smart contract language Solidity, writing down the primary