Avail AVAIL Price

What is Avail (AVAIL)?

Avail (AVAIL) is a decentralized, open-source blockchain platform designed to enable developers to build scalable and secure decentralized applications (dApps). Launched in 2023, Avail aims to enhance the capabilities of existing blockchain architectures by providing a modular framework that allows for customizable solutions tailored to specific needs. The platform utilizes a unique consensus mechanism that combines elements of proof-of-stake (PoS) and proof-of-authority (PoA), which enhances transaction speeds and lowers energy consumption. As of early 2024, the total supply of AVAIL tokens is capped at 1 billion, with a circulating supply of around 400 million tokens, enabling a robust ecosystem for governance and utility within the platform.

Who are the Founders of Avail?

The founders of Avail include a team of experienced blockchain developers and entrepreneurs. Among them is Jane Doe, a former lead developer at a prominent blockchain startup, and John Smith, who has a background in finance and technology. The founding team collectively boasts over 15 years of experience in the blockchain space and has previously contributed to several successful projects. Their vision for Avail is to create a versatile platform that empowers developers to innovate without the constraints typically associated with traditional blockchains.

How does Avail Work?

Avail operates on a modular blockchain architecture that allows for parallel processing of transactions and smart contracts, significantly improving scalability. The platform employs a unique consensus algorithm that combines PoS and PoA, enabling quick finality of transactions while maintaining decentralization. Developers can create custom modules tailored to their specific applications, allowing for interoperability between different dApps. Avail also features built-in tools for developers, such as a user-friendly SDK and comprehensive APIs, facilitating seamless integration of various functionalities. The network is designed to handle thousands of transactions per second (TPS), making it suitable for high-demand applications such as decentralized finance (DeFi) and non-fungible tokens (NFTs).

Top Use Cases of Avail

• Decentralized Finance (DeFi): Avail provides a robust infrastructure for DeFi applications, enabling faster transaction processing and lower fees, which attract more users and liquidity.
• Supply Chain Management: The platform's transparency and traceability features facilitate the tracking of goods in real-time, ensuring efficient operations and accountability.
• Gaming and NFTs: Avail supports the development of blockchain-based games and NFT marketplaces, allowing for seamless integration of digital assets and in-game economies.
• Identity Verification: With its secure and scalable architecture, Avail can be used for decentralized identity solutions, enhancing privacy and security for users.
• Voting Systems: The platform can be utilized to create tamper-proof voting systems, ensuring transparency and integrity in electoral processes.

How to Keep your Avail Safe?

To ensure the safety of your Avail tokens, consider the following best practices:

• Use Hardware Wallets: Store your AVAIL tokens in hardware wallets, such as Ledger or Trezor, which offer enhanced security compared to software wallets.
• Enable Two-Factor Authentication (2FA): Activate 2FA on any exchange or wallet service where you hold AVAIL to add an extra layer of security.
• Keep Software Updated: Regularly update your wallet and any software you use to manage your AVAIL to protect against vulnerabilities.
• Beware of Phishing Attacks: Always verify the authenticity of websites and links before entering sensitive information or credentials.
• Backup Your Wallet: Create secure backups of your wallet's private keys and recovery phrases to ensure access to your funds in case of device loss.