Polugon
377 views
1 Posts
Hot
Latest
#Write2earn
Avail Launches : $75M Data Availability Project from Polygon Spin-off
#Avail #Polugon #NewLaunch $Avail $MATIC
Avail, a blockchain project emerged from Polygon in early 2023 with substantial funding of $75 million, is unveiling its data availability (DA) platform. This platform specializes in efficiently storing vast amounts of transactional data generated by Ethereum layer-2 networks.
Key Technologies and Unique Offerings
Avail distinguishes itself with a focus on "data availability" through innovative technologies like KZG commitments and data-availability sampling. These technologies are pivotal in enhancing scalability, liquidity, and usability within blockchain ecosystems.
Competition in the Data Availability Space
Despite Avail's entry, the DA sector is already bustling with competitors. Celestia, a pioneer in this domain, launched last October with its TIA token airdrop. Recently, NEAR Protocol introduced Nuffle Labs, while EigenLayer continues to dominate despite lacking specific functionalities crucial to the entire setup.
The Role of AVAIL Token
The AVAIL token plays a pivotal role within the Avail ecosystem, serving to pay for DA fees and secure the network through staking. The project plans to initially support 1,000 validators, with future scalability potential up to 10,000 validators.
Avail Launches : $75M Data Availability Project from Polygon Spin-off
#Avail #Polugon #NewLaunch $Avail $MATIC
Avail, a blockchain project emerged from Polygon in early 2023 with substantial funding of $75 million, is unveiling its data availability (DA) platform. This platform specializes in efficiently storing vast amounts of transactional data generated by Ethereum layer-2 networks.
Key Technologies and Unique Offerings
Avail distinguishes itself with a focus on "data availability" through innovative technologies like KZG commitments and data-availability sampling. These technologies are pivotal in enhancing scalability, liquidity, and usability within blockchain ecosystems.
Competition in the Data Availability Space
Despite Avail's entry, the DA sector is already bustling with competitors. Celestia, a pioneer in this domain, launched last October with its TIA token airdrop. Recently, NEAR Protocol introduced Nuffle Labs, while EigenLayer continues to dominate despite lacking specific functionalities crucial to the entire setup.
The Role of AVAIL Token
The AVAIL token plays a pivotal role within the Avail ecosystem, serving to pay for DA fees and secure the network through staking. The project plans to initially support 1,000 validators, with future scalability potential up to 10,000 validators.
