Avail officially unveiled its data availability (DA) mainnet with the introduction of the native AVAIL token.
The data availability (DA) mainnet has been officially introduced by Avail, a blockchain project that is dedicated to enhancing scalability, with the introduction of its native AVAIL Token.
Avail DA provides a modular blockchain solution that is designed to enhance data availability, thereby allowing developers to construct chains that are more scalable, cost-effective, and composable.
The AVAIL token is now operational as a result of the launch. The token will be utilized to cover data availability fees, and token holders may commence the process of staking tokens today to contribute to network security.
Furthermore, the AVAIL token will be instrumental in the governance of Avail, as it will utilize a sequential approach to community decision-making.
Although there is still a scarcity of comprehensive information regarding AVAIL’s tokenomics, the project has declared a total supply of 10 billion AVAIL tokens. Following the mainnet introduction of the Avail DA layer in April, Avail announced an airdrop of 600 million tokens that could be claimed by eligible participants.
Avail is managed by Anurag Arjun, a former co-founder of Polygon. The initial element of Avail’s complete stack architecture is Avail DA. Nexus, the interoperability layer, and Fusion, the security networking layer, are the project’s current priorities.
“The AVAIL token and Avail DA are the result of years of research and development that have been dedicated to addressing the most pressing issues in web3, including blockchain fragmentation, limited scalability, and insufficient data availability,” stated Arjun.
Avail light clients utilize data availability sampling and confirmation of validity to speed up the validation of data on consumer-grade hardware, including mobile phones. This ensures that data sampling occurs immediately following the termination of the block.
Avail employs a Nominated Proof-of-Stake (NPoS) consensus mechanism that distributes staked tokens equitably among validators in order to prevent centralization. The network intends to commence operations with 1,000 validators and potentially increase to 10,000.
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