Avalanche's trading volume has grown rapidly recently
- WBOYOriginal
- 2024-07-28 07:15:221119browse
According to DefiLlama data, Avalanche’s trading volume grew from $79.38 million to $218 million in a matter of weeks. This indicates that activity on the protocol has been growing.
Avalanche is an open, highly scalable blockchain platform designed to provide a fast, low-cost decentralized application (DApp) development and deployment environment. The following are some features and introductions of Avalanche:
Fast and highly scalable: Avalanche adopts a consensus algorithm called "Avalanche Consensus", which is characterized by high throughput and low latency. This enables Avalanche to handle large-scale transactions and parallel processing, providing fast confirmation times and high scalability.
Autonomy and decentralization: Avalanche supports autonomous and decentralized application development. It adopts the concept of subnet and can create an independent blockchain network with its own consensus mechanism and rules. This allows developers to create their own DApps based on their needs and interoperate with other subnets.
Security and Flexibility: Avalanche provides security and flexibility by using the Snowman protocol and virtual machines (VMs). The Snowman protocol is a secure consensus protocol that can handle double-spend attacks and 51% attacks. At the same time, Avalanche supports a variety of virtual machines, such as EVM (Ethereum Virtual Machine) and IEVM (Avalanche’s native virtual machine), allowing developers to use different development languages and tools to build DApps.
Cross-chain interoperability: Avalanche supports cross-chain interoperability, allowing assets and data between different blockchains to be seamlessly transmitted and exchanged. This provides users and developers with greater flexibility and accessibility to take advantage of different blockchain platforms.
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