Thread by @daolectic

1/ @avalancheavax is a highly customizable #Layer0 that enables the development of an infinite number of #blockchains on top.

It can support the adoption of #EVM for any custom VM that implements the innovative #AVAX consensus.

2/ The #AVAX #protocol has the only #consensus capable of #scaling the active validator list while maintaining high transaction performance, sub-second finality, and unmatched #decentralization.

It is composed of four mechanisms: Slush, Snowflake ❄️, Snowball, and Avalanche

3/ #Avalanche #Consensus uses “repeated random subsampling” to vote: when a validator #node receives a transaction, it randomly queries other validators until the network achieves consensus.

X-Chain, C-Chain, and Platform Chain are 3 #blockchains making the Primary Network

4/ #Avalanche has hit 4,500 #TPS on a #testnet of 2,000 nodes. Thus, this estimation presumably refers to its lightweight X-Chain, which is a #DAG, permits asset generation and trade.

The @ethereum compatible C-Chains are projected to achieve lower throughput than the testnet.

5/ #Avalanche consensus may expand to tens of thousands or even millions of #validators by repeated sub-sampling. The more validators there are, the quicker the network grows.

Anyone may operate a #node, and there is no limit to the number of subnets/virtual computers built.⬇️

At this point is it worthy to mention and include this video of @avalancheavax founder @el33th4xor that clearly explains how the #avalanche consensus works in comparison to traditional consensus and the #bitcoin "Nakamoto" one:

6/ #Interoperability between subnets is also feasible with #Avalanche including hundreds of #subnets.

Each subnet has its own trust level, but because the principal network contains all #validators, it may be utilized as a source of trust.

7/ Running the linked virtual machine in #Avalanche creates connections to different #ecosystems.

When connecting to foreign #blockchains, finality time is substantially quicker (usually under 1 second) and there is no possibility of rolling back.

8/ #Blockchain developers can use specific #smartcontract languages while benefiting from Avalanche's speed, #decentralization, customization.

Integrating with current tools, the #protocol could reduce developers’ barriers to entry leveraging on the various #VM available

At this regard, as the researcher @TaschaLabs appointed, it is valuable to mention that the possibility to leverage on several programming languages can speed up the adoption process by developers.

https://twitter.com/TaschaLabs/status/1464323104000282625

9/ Other #blockchains that have previously traded off #decentralization and even security for performance, may likewise integrate and switch out their #consensus for #Avalanche, while remaining #interoperable with all other #subnets, resulting in extraordinary network effects.

10/ $AVAX has a fixed-capacity #token, similar to $BTC, which generates scarcity and is not subject to constant dilution due to inflation, as other #staking systems are. There will be 720 million #AVAX tokens, of which 50% (360 million) will be on the #mainnet.

11/ #Transactionfees across all #blockchains in the Primary network, costs for generating and #minting assets, platform construction, and subnet formation are all paid in $AVAX, which is burnt to reduce the overall supply.

$AVAX has been burning rapidly since the establishment of the ecosystem fund, showing increased developer interest.

#Avalanche, with its own #DeFi protocols, is aimed for corporate use cases.

Businesses may expect safe, quick, and low-cost asset transfers across #blockchains.

12/Here below some of the #DeFi projects available in the #AVAX ecosystem

Through @AaveAave users may earn interest on deposits and borrow digital assets. It's free and open source protocol.

Aave Limited, the UK subsidiary, received an EMI license in July 2020! @StaniKulechov

13/@AspenProtocol employs oracles and incentive platforms to produce synthetic assets that mimic traditional assets.

@benqi is an algorithmic liquidity market #protocol for $AVAX assets. Among its strategic investors are Ascensive Asset, Dragonfly Capital, @MechanismCap

14/ @beefyfinance is a #yield farming optimizer that enables users to earn compound interest on their crypto assets.

To eliminate human optimization costs, the #protocol generates yield possibilities algorithmically, reducing the need for active farming.

15/ @CurveFinance is a liquid exchange liquidity pool that allows for low risk, low slippage, and low fees.

This is advantageous to both consumers exchanging #stablecoins and liquidity providers that earn money through trading fees and customer interest rates.

16/ On top of #Avalanche, @pangolindex uses the same automated market model (#AMM) as @Uniswap.

It offers low transaction fees, speedy settlement, and safe money distribution.

17/ @ReefDeFi is an EVM-compatible chain that integrates #DeFi from #Ethereum, #Polkadot, #Avalanche, #Cosmos, and the #BSC, among others.

It is fast, scalable, and requires no wasted mining.

With Polka Substrate, it has a nominated PoS consensus, making it more secure.

18/ @SushiSwap is an automated market maker (#AMM) built on the #Ethereum #blockchain. It arose from a 2011 split on the now-rival @Uniswap exchange.

19/ @traderjoe_xyz is a #decentralized trading platform and automated market maker (#AMM) on the #Avalanche #blockchain.

Leveraged trading is enabled by combining #DEX and #DeFi services.

#TraderJoe becomes the largest DEX on @avalancheavax surpassing @pangolindex

20/ In the next years, we expect the ecosystem to flourish in three major areas: #DeFi, corporate apps and #NFTs.

This will be led by the Avalanche Foundation's Blizzard fund, which will provide $200M to network development, growth, and innovation. ⬇️

medium.com/avalancheavax/…

Moreover, it is important to highlight the agreement done with @Deloitte that chooses @avalancheavax for a federally recognized disaster recovery platform to support state and local governments with federal emergency financing

www2.deloitte.com/us/en/pages/ab…

21/ Check out our Medium link in bio where you can find more detailed explanation about #Avalanche consensus.

This is not in any case financial advice, always DYOR.

Thanks to the whole #AVAX community for the info available!

@kevinsekniqi @luigidemeo @FaridRached @jayks17