What is Avalanche (AVAX)?

What is Avalanche?

(Source: avalabs)

Avalanche (AVAX) is an open-source, highly programmable blockchain platform aimed at becoming the unified infrastructure for decentralized finance (DeFi) and interoperable blockchains. Since the launch of its mainnet, Avalanche has become one of the most ambitious blockchains globally, attracting widespread attention and adoption from developers, financial institutions, and major brands. From technical architecture to practical applications, Avalanche seeks to disrupt the framework established by Ethereum in the past. It not only supports smart contract and DApp development but also allows anyone to create their own subnet (Subnet) based on specific needs, truly achieving the composability and customization of blockchains.

Why choose Avalanche?

Fast + Low Fees + High Scalability

One of Avalanche's biggest technical selling points lies in its consensus mechanism, which employs a groundbreaking protocol called Avalanche consensus, capable of achieving sub-second transaction finality and a TPS (transactions per second) of over 4,500, far exceeding most mainstream chains. Its transaction fees are extremely low, avoiding the high Gas costs associated with Ethereum.

Interoperable and compatible with EVM

Avalanche's C-Chain fully supports the Ethereum Virtual Machine (EVM), allowing developers to seamlessly deploy Ethereum DApps on Avalanche. In other words, tools and smart contract logic originally developed on Ethereum, from Truffle and Remix to MetaMask, can be transferred almost intact.

Subnets and Modular Architecture

Avalanche introduces the concept of Subnets, where each subnet operates as an independent blockchain with its own validation nodes and governance rules, providing enterprises and teams with great flexibility to build dedicated chains for specific applications, achieving compatibility with multiple goals such as compliance, efficiency, and security in blockchain design.

Application scenarios of Avalanche

• DeFi protocols: such as Trader Joe, Benqi, Platypus, etc., are highly active in the ecosystem.
• NFT and Collectibles: Support for NFT issuance and trading platforms, with the capability for fast settlement.
• Enterprise chains and government cooperation: Suitable for deploying highly compliant blockchain subnets, especially in the financial and supply chain sectors.
• Games and the Metaverse: High TPS + Subnets are suitable for large-scale multiplayer real-time interaction needs.

The tokenomics of Avalanche

AVAX is the native token of the Avalanche platform, serving as the fuel and governance core of the entire network. Whether it's deploying smart contracts, paying transaction fees, or participating in staking and validating nodes, AVAX is an indispensable foundational asset.

AVAX token allocation

The total supply of Avalanche is 720 million AVAX, half of which was minted at the launch of the mainnet, while the other half will be used as Staking rewards over the next few decades. The following is the distribution of the initial minting of 360 million AVAX:

• Seed Round (Seed Sale): 2.5%
• Private Sale: 3.5%
• Public Sale Option A1: 1%
• Public Sale Option A2: 8.3%
• Public Sale Option B: 0.67%
• Foundation: 9.26%
• Community and Development Endowment: 7%
• Testnet Incentive Program: 0.27%
• Strategic Partners: 5%
• Airdrop: 2.5%
• Team: 10%

The use of AVAX

• Pay Gas fees: All subnet and on-chain operations use AVAX.
• Participation in governance: Token holders can vote on protocol upgrades and key decisions.
• Staking and Validation: Nodes need to stake AVAX to participate in consensus and earn block rewards.
• Subnet startup funds: A certain amount of AVAX must be paid when creating a new Subnet.

Collaboration with FIFA: The Accelerator for Blockchain Mainstreaming

Recently, the world's most influential sports organization FIFA officially announced a partnership with Avalanche to establish a dedicated L1 blockchain "FIFA Blockchain". This is not only a technological integration but also a transformation of culture and business models. FIFA will utilize Avalanche to deploy the digital collectibles platform FIFA Collect and achieve fan interaction and digital asset distribution on a global scale. The high performance characteristics and excellent scalability of Avalanche make it the best choice for handling the high-frequency interaction demands during global events like the World Cup. This also marks a significant turning point as traditional institutions gradually embrace Web3 and establish their own infrastructure.

(Source: avax.network)

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Summary

Avalanche is not just another L1; it is a representative model of the next-generation blockchain architecture. From the modular expansion of subnets, EVM compatibility, and high-speed processing capabilities, to the recent adoption by FIFA, it is clear that Avalanche is moving towards its ultimate goal of being universally applicable, customizable, and governable. Whether you are a developer, DeFi player, NFT collector, or corporate decision-maker, Avalanche provides a stable, efficient, and flexible platform that builds a solid foundation for the future digital economy. The future may not only involve games, finance, or collectibles, but the entire world may be reconstructed on Avalanche.