Avalanche Token

by Ava Labs

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Aztec Protocol

by ConsenSys

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Celer Network

by ScaleSphere Foundation Ltd

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Avalanche Token

by Ava Labs

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Aztec Protocol

by ConsenSys

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Celer Network

by ScaleSphere Foundation 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.The Aztec Protocol reduces GAS costs and increase inter-operability for Ethereum DApps.Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity.

Token Stats

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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.

The Aztec Protocol is an efficient zero-knowledge privacy protocol designed to enable private transactions on the Ethereum blocckhain. Their zero-knowledge proofs enable private transactions that can facilitate a variety of inter-operable financial applications on Ethereum. Aztec is a ConsenSys portfolio company.

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Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains.

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