Avail Network (AVAIL): Information, History and Analysis

Avail Network is a blockchain technology platform that is making waves in the field of scalability and data security. But does it really live up to the expectations of developers and users?

Therefore, this article by AZCoin will delve into the information, history and analysis of Avail Network to help you have a more comprehensive view of this project.

What is Avail Network?

Avail Network is a modular blockchain designed to provide flexible and efficient data availability for decentralized applications. The platform acts as a data storage layer, allowing blockchains and applications to scale without worrying about complex data security or authentication.

Team development, inventors and partner of Avail Network

Team development

• Anurag Arjun: Co-founder of Avail Network and also Co-founder of Polygon project. Anurag has extensive experience in blockchain and finance.
• Prabal Banerjee: Co-founder of Avail Network, PhD and former Head of Research at Polygon. Prabal has extensive experience in blockchain technology research and development.
• Dan Mills: Head of Product Development at Avail, former Project Manager at Polygon. Dan has experience in blockchain product management and development.
• Jakub Cech: Engineer Lead, former Program Manager at Microsoft. Jakub brings technical and project management experience.

Inventors

The Avail Network project has attracted investment from leading investment funds such as Founders Fund and DragonFly in a Seed round of $27 million on February 26, 2024. Other investors include Figment Capital and Nomad Capital, showing great confidence in the potential of Avail Network.

Partner

Avail Network has many important partners in the blockchain industry, including StarkWare, AltLayer, Manta Network, Snapchain and Eclipse. These partners help Avail expand its capabilities and improve the performance of the system.

How does Avail Network work?

Avail solves one of the biggest problems in blockchain: data storage and validation. With its modular structure, Avail separates data-related processes such as data posting, data execution and data verification. This optimizes transaction processing and ensures that all data is available for applications to access easily and securely.

The components of the Avail network include:

• Full Nodes: These nodes download and validate data in blocks but don’t participate in the consensus process.
• Validators: These are nodes responsible for validating the validity of transactions and creating new blocks.
• Light Clients: These clients rely on full nodes to access information about transaction data.

Core products of Avail

Avail Network doesn’t operate in isolation but integrates with some of the prominent projects and technologies in the blockchain industry:

• StarkWare: Avail Network uses StarkWare technology to enhance scalability and security. StarkWare is known for its zk-rollup and STARKs solutions, which reduce transaction costs and increase processing speed.
• Optimism: Another prominent project that Avail Network has partnered with is Optimism, a Layer 2 platform that uses Optimistic Rollups to improve scalability and reduce transaction costs.
• Polygon zkEVM: Avail Network also integrates with Polygon zkEVM, which provides high scalability and compatibility for Ethereum-based smart contracts and applications.

Outstanding advantages of Avail Network

Avail Network has the following outstanding advantages:

• Convenience: Blockchains running on Avail Network don’t need to set up their own validator system, but can use Avail’s security layer.
• Scalability: Avail Network helps projects achieve the desired throughput without worrying about infrastructure, thanks to its modular design and sharding technology.
• Security: Project allows light clients to easily validate data and inherits the strong security system from the DA layer.
• Flexibility: Avail Network supports a variety of blockchains, allowing developers to customize according to specific needs.
• Efficiency: Blockchain rollups can be built quickly and securely on Avail Network.
• Cost savings: Building blockchain rollups on Avail Network saves up to 90% on gas fees compared to Rollups directly on Ethereum.

Basic information about AVAIL token

What is an AVAIL token?

AVAIL is the official token of the Avail Network. This token will be used to pay for network services, staking and governance. AVAIL will help create a sustainable economic system for the network and provide incentives for developers and users to participate.

Technical parameters

• Token code name: Avail
• Ticker: AVAIL
• Token type: Utility, Governance Token
• Blockchain: Avail Network
• Contract: 0xEeB4d8400AEefafC1B2953e0094134A887C76Bd8
• Total supply: 10,085,843,977 AVAIL
• Market Cap: $245,890,805
• Circulating Supply: 1,763,343,977 AVAIL
• Fully diluted market cap: $1,409,190,286

AVAIL token allocation

The total supply of AVAIL Token is 10 billion. Of these, 600 million tokens (equivalent to 6%) will be allocated as follows:

• 90 million tokens to high-profile contributors on Github.
• 49.5 million tokens to testnet participants.
• 380 million tokens to users on popular Rollups such as Arbitrum One, OP Mainnet (Optimism), Polygon zkEVM, Starknet and zkSync Era.
• 70 million tokens to stakers of PoS Polygon.
• 10.5 million tokens to members who contribute content to product development.

Where is AVAIL traded?

According to the announcement, the best crypto exchanges AVAIL token has started trading from 07:00 PM on July 23 (Vietnam time). Exchanges that have announced listings include: HTX, Gate.io, MEXC, BingX, Bitget.

Secure AVAIL token storage wallet

To protect AVAIL tokens, users can use popular secure storage wallets such as: MetaMask, Trust Wallet, Ledger Nano S/X, Trezo,…

Should I invest in the AVAIL Coin project?

AVAIL Coin is currently receiving great attention from the community and investors. With the support of leading investors and strategic products such as Avail DA, Avail Nexus and Avail Fusion Security, AVAIL has high potential to become an important factor in the blockchain ecosystem.

It’s predicted that AVAIL token can reach a price of 2-5 USD in the first year of trading, with high growth potential when Avail Network official products are deployed and expanded. However, investing in AVAIL Coin still needs to be carefully considered based on market information and project situation.

Summary

Avail Network is a promising platform with innovative solutions in solving data storage problems and expanding the capabilities of Layer 2 blockchains. For more updates and to follow the project’s development, stay tuned to AZCoin.