Avalanche Token

by Ava Labs

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Parity Technologies

by Parity Technologies

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BlockMason

by Blockmason Inc.

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Avalanche Token

by Ava Labs

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Parity Technologies

by Parity Technologies

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BlockMason

by Blockmason Inc.

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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.Parity's software makes it easier for organizations, end-users, and developers to use blockchain.BlockMason gives developers easy to use and standardized smart contracts for developing credit/debit related DApps.

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.

Parity Technologies is an influential blockchain development company that offers a variety of open-source software solutions for creating and using decentralized technologies. Some of their solutions include Ethereum and Bitcoin clients, cross-chain technologies, smart contracts, testnets, and cryptocurrency wallets. The company was created by Gavin Wood, the co-founder of Ethereum.

BlockMason is a technology company that provides users with a blockchain base-layer for creating DApps. The Blockmason Credit Protocol provides a standardized smart contract platform for recording credit and debt obligations on the blockchain. Their network is powered by the Ethereum-based BCPT token. BlockMason also created Lndr, which is a peer-to-peer bill-splitting and expense-sharing App that is available on iOS and Android.

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