Avalanche is a decentralized, open-source platform for building and deploying blockchain networks. It was created by Ava Labs, a company founded in 2018 with the aim of introducing new protocols to facilitate secure digital asset transfers and transactions. Avalanche is written in Rust programming language and relies on consensus protocol called “Snowman” which utilizes virtual voting nodes to achieve distributed agreement among network participants.
Avalanche has been designed for scalability, with an estimated throughput capacity of up to 4500+ TPS (transactions per second). This makes it one of the fastest blockchains currently available on any public ledger system. In addition, Avalanche also offers high security through its use of multi-chain architecture that allows data from different sources to be stored separately while still being connected via smart contracts across all chains simultaneously. Furthermore, due to its modular design structure users can choose custom components necessary for their particular application without having to deploy an entire network infrastructure at once.
The main features that make Avalanche stand out are its efficiency and low latency compared other popular platforms such as Ethereum or Bitcoin; enabling faster transaction times than existing solutions along with easier staking requirements – meaning users have less risk exposure when investing into projects built upon this platform’s technology stack while businesses can easily scale applications due increased performance capabilities offered here.
Finally another benefit associated specifically with Avalanche is its ability offer flexibility between PoW & PoS consensus mechanisms so developers can tailor physical resources required according each project needs allowing them greater control over costs associated running operations within these environments too!
