Avalanche Token

by Ava Labs

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RealTract

by RealTract

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Celer Network

by ScaleSphere Foundation Ltd

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Avalanche Token

by Ava Labs

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RealTract

by RealTract

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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.RealTract's goal is to create a better performing smart contract platform.Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity.

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.

RealTract is developing a smart contract platform based on a Directed Acylic Graph (DAG) protocol. They hope to create a faster and more scalable smart contract platform that can handle more use cases. The RealTract network is currently powered by the Ethereum-based RET token.

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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