Avalanche
Crypto Overview
Overview
Avalanche is a layer-1 blockchain platform launched in 2020 by Ava Labs. It aims to provide a highly scalable, fast, and energy-efficient platform for decentralized applications (dApps) and custom blockchain networks.
Intended Utility
The primary purpose of AVAX is to serve as the native token of the Avalanche network, used for: paying transaction fees, staking to secure the network, and participating in governance. The platform enables the creation of custom blockchain networks, smart contracts, and decentralized applications.
Actual Utility & Adoption
Avalanche has demonstrated significant real-world adoption with over 1000 validators securing the network and more than 500 projects built on the platform. Notable partnerships include collaborations with Deloitte and Master Card. The network processes over 4,500 transactions per second with sub-second finality.
Token Distribution & Governance
Initial token distribution allocated 50% to public sale, 12% to team/founders, 7% to private sale, 5% to foundation, and 26% to ecosystem development. Team tokens have a 4-year vesting period with a 1-year cliff. The foundation holdings are used transparently for ecosystem growth.
Development Activity
Ava Labs maintains active development with regular updates and improvements. The GitHub repository shows consistent contributions from a diverse developer community. The team regularly publishes technical documentation and updates.
Crypto Impact
To assign a comfort level investing in Avalanche from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Avalanche.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.