About Avalanche
Avalanche is a layer-1 blockchain and smart-contract platform, with AVAX as its native token. AVAX pays transaction fees, is staked to secure the network, and acts as a settlement asset across Avalanche's custom chains. Ava Labs launched the network in September 2020, with Emin Gun Sirer, Kevin Sekniqi, and Ted Yin as its co-founders. It uses a proof of stake design built on the Avalanche consensus protocol and the Snowman engine for ordered chains, a leaderless system where validators vote in proportion to their stake. Supply is capped at 720 million AVAX, and network fees are burned, which reduces the circulating amount over time.
Stripe lets US businesses send stablecoin payouts to crypto wallets in 160-plus markets
Stripe's stablecoin payout feature could accelerate global business transactions, enhancing financial inclusivity and reducing reliance on banks.
Avalanche expands global reach to 2M users via Zengo integration
The integration signifies a growing trend towards mainstream adoption of self-custody solutions, enhancing security and accessibility in crypto.
NEC explores biometric identity verification with Avalanche for stablecoin payments
Biometric verification in stablecoin payments could revolutionize digital identity, enhancing security and efficiency in global transactions.
NYSE taps Broadridge to enable shareholder voting on blockchain
The integration of blockchain in shareholder voting could revolutionize market operations, enhancing transparency and efficiency while awaiting regulatory approval.
Aave freezes Avalanche lending markets to block suspected Binance hacker
Aave's freeze highlights DeFi's vulnerability to hacks, raising questions about decentralization and the balance between security and accessibility.
Japan’s tourist tax refunds will be paid in JPYC on Avalanche
Japan's shift to blockchain-based tax refunds could streamline processes, reduce costs, and enhance compliance, influencing global tourism finance.
A sourced map of Avalanche's relationships is on the way.
Partners, competitors and related assets, each link independently verified and source-linked before it appears here.
The Crypto Briefing podcast is on the way.
Conversations on Avalanche and the wider market, hosted by our team, will appear here once episodes are live.