Avalanche Token

by Ava Labs

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Asch

by ASCH

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Penta

by Penta Global Foundation PTE.LTD

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Avalanche Token

by Ava Labs

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Asch

by ASCH

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Penta

by Penta Global Foundation PTE.LTD

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What problem does this service solve?

Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times.Asch's goal is to enable developers to create DApps for multiple blockchains.Penta does not appear to solve any problems better than existing blockchain platforms.

Token Stats

Company Description

The Avalanche token (AVAX) performs various tasks within Avalanche's Proof of Stake blockchain network. The Avalanche token functions as a rewards and payment system for users. The network is designed to be an open-source platform for launching highly decentralized applications, enterprise deployments, and decentralized financial instruments. The Avalanche ecosystem is meant to be smore scalable and interoperable than other blockchain platforms. Unlike Bitcoin and many other networks, transaction fees are “burnt” in order to increase token scarcity. This process is offset by the release, or “minting,” of new coins.
Avalanche was launched by Ava Labs, whose founder Emin Gün Sirer is a veteran computer scientist that has been very influential in the Blockchain space. Gün Sirer is a computer science professor at Cornell University and has written extensively about scaling blockchain networks.

Asch is developing a commercial blockchain ecosystem with multiple blockchains. The company is creating several SDK's and API's that will help developers build DApps that are based on JavaScript and customized sidechain architectures. The Asch network has a DPoS consensus mechanism that incorporates elements of PBFT for enhanced security.

Penta is developing a blockchain platform that DApps can be built on. It will have a Dynamic Stake Consensus (DSC) algorithm to confirm transactions. The Penta network is currently powered by the Ethereum-based PNT token.

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