AVA is an upcoming layer one protocol by AVA Labs that plans to offer high-throughput, fast finality, and unprecedented decentralization. Developers will be able to launch their own public or private blockchains (called subnets), create and trade digital assets, and build scalable smart contracts and decentralized applications.
Subnets within the AVA network will be highly customizable and will have their own incentive structures.
Because of this customization, companies can create legally compliant permissioned subnets while still being connected to the grander AVA network. This could lead to the creation of new financial primitives and bring more traditional financial products into the blockchain space in a decentralized way.
AVA is an upcoming layer one protocol that plans to offer high-throughput, fast finality, and unprecedented decentralization.
The AVA Network is an upcoming layer one protocol by AVA Labs that plans to offer high-throughput, fast finality, and...
The AVA token.
AVA tokens are rewarded for validating on the “default” subnet. Future subnets may reward validators and stakers in another asset.
There will be no slashing on the default subnet. That being said, future subnets are able to set their own slashing penalties.
You maintain custody of your AVA at all times. There is no bonding or unbonding period.
At the base level, the AVA token will be used for –
All validators on AVA must validate on the “default subnet”.
This subnet consists of three chains:
Outside of this requirement, validators are free to choose which subnets they want to validate on, and they do not have to run multiple nodes to validate on multiple subnets, unless it is a requirement by the subnet.