🚀 Avail: Modular Blockchain for Enhanced Data Availability 🌐
🚀 Let's dive into key features and potential of $AVAIL in this captivating thread! 🧵👇
1️⃣ Introduction: Avail is a modular blockchain project announced in 2020 and introduced in 2021. It focuses on "data availability" (DA) to efficiently store transactional data produced by blockchains, particularly Ethereum layer-2 networks. Spun out of Polygon in 2023, Avail has raised $70M and aims to democratize financial services and enhance blockchain scalability, liquidity, and usability.
2️⃣ Technology and Features: Avail combines KZG commitments with data-availability sampling, making it a chain-agnostic DA layer. This approach enables efficient and secure storage of transactional data from Ethereum layer-2 networks. The network supports up to 1,000 validators initially, with potential growth to 10,000. The AVAIL token is crucial for paying DA fees and securing the network through staking.
3️⃣ Whitepaper Analysis:
• Data Availability Sampling (DAS): Key for blockchain scalability.
• Modular Architecture: Focuses on efficient execution environments and integration with other blockchains.
• Unification Layer: Connects disparate ecosystems.
• KZG Commitments & DAS: Ensure secure and cost-effective data storage.
• Shared Security: Vision for permissionless coordination hubs.
4️⃣ Use Case: Avail provides DA services to blockchains and layer-2 networks. The AVAIL token is essential for paying DA fees and securing the network through staking. Builders can leverage Avail for applications in DeFi, gaming, AI, and real-world assets (RWAs).
5️⃣ Team and Leadership: Avail is led by Anurag Arjun (former co-founder of Polygon) and Prabal Banerjee. Their expertise and Polygon’s association enhance confidence in Avail’s success.
6️⃣ Partnerships: Avail has agreements with Ethereum layer-2 developer StarkWare and plans for integrations with networks like Arbitrum, Optimism, Polygon, and ZKsync.
7️⃣ Security and Audits: While specific audit details are not available, Avail’s focus on data availability and its association with Polygon provide credibility.
8️⃣ Tokenomics: Avail’s tokenomics include staking for network security and paying DA fees. The total supply is 10 billion AVAIL tokens, with a circulating supply of 1.67 billion.
9️⃣ Exchanges: AVAIL tokens can be traded on centralized exchanges like Bybit, HTX, Bitget, KuCoin, MEXC, Uniswap and Gate.io.
🔟 Recent Developments: Avail recently raised $43M in a Series A funding round led by Founders Fund, Dragonfly, and Cyber Fund.
1️⃣1️⃣Conclusion: Avail's mission to enhance scalability, liquidity, and usability through data availability makes it an exciting project to watch. Its team, technology, and partnerships position it well for success in the evolving blockchain landscape. 🚀🌐
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