LOGICAL REASONS TO ADVOCATE AND INVEST IN AVA NATIVE TOKEN ($AVA)

In the coming months (after the testnets), Ava Labs plans to listed Ava Native Token ($AVA). So, what do you know about $AVA? It is a study that has been going on for many years, and it is counting the days to be thrown into the space of cryptocurrencies with impressive road map. The AVA project is carried out by Prof. Dr. Emin Gün Sirer, who works at Cornell University, and the team of Ava Labs, of which he is the founder. AVA is a project that focused on finance and aims to include financial instruments in cryptocurrencies and blockchain space through AVA. The idea is good, but if you're wondering what the AVA philosophy is behind, here is an AVA story...

THE VISION OF AVA

In fact, the AVA Labs vision led to the formation of a re-synthesized third-generation blockchain (Avalanche consensus), taking into account the fragile points of the first and second-generation blockchains (Nakamoto consensus).

What we want to do at AVA is not to stand up against the dollar or Bitcoin. We don't want to set up a new computer like Ethereum. Our goal is to move the existing financial instruments to the Blockchain, which are on the balance sheet but are difficult to change hands, and enable them to change hands around the world. - - Emin Gün SIRER, CEO of Ava Labs

THE FRAGILE POINTS OF NAKAMOTO CONSENSUS BLOCKCHAINS

As a result of the synthesis I made based on what he told about at the meetings, television programs, and social media activities that Prof. SIRER, CEO of Ava Labs participated, the current problems are:

In the future, all securities and precious assets, even money, will be digitized, and traditional assets will have digitized equivalents. Therefore, the platform on which financial transactions will be made will be blockchain. However, it is not possible for the first and second-generation blockchain technologies operating according to the Nakamoto consensus to lift such a load, because there is a serious SCALABILITY problem. Scalability simply means that the blockchain network can provide fast and high-quality service to all users in all conditions.

In the blockchain mentioned, the transactions are made with the mining method and based on the proof of work (PoW). Therefore, transfer times are slow and the number of transactions on the network is limited. In addition, the system has many vulnerabilities and is not safe against 51% attacks. Although they were implemented based on the decentralization (decentralization) philosophy, mining bitcoin, ethereum, etc. Mining pools in coins seriously threaten the system. Because the essence of the blockchain philosophy has a fragile structure based on the 51% goodwill in the network. Currently, the creation of the bitcoin blockchain, the possession of 19 Chinese miners, each individually, has turned into a structure that threatens the decentralization philosophy of bitcoin. Therefore, no investor will want to transfer billions of dollars to a blockchain of such a structure. The fact that the transfer time is slow shows that the first and second-generation blockchain will be insufficient due to the price changes per second may cause great losses in the stock markets where stocks and other commodities are traded.

They are not easily usable and interoperable structures by anyone. For example, ethereum is almost engaged in setting up a computer. Transactions have become quite complicated. Additions and protocol changes to the system make soft or hard forks mandatory. They only became an area where assets were stored and could not include financial instruments in their structures. Minchev noted to the first generation blockchain (Bitcoin, Litecoin, Doge) that second-generation blockchain (Ethereum, Stellar, Monero, and Dash) were created to increase scalability, functionality, and performance with the addition of chains focused on certain platforms, special functions, and certain features. He emphasized that the side layers like the Lightning network and State channels compromise decentralization.

There is excessive energy consumption in mining. Therefore, they do not have an environmentalist approach and sustainable policy.

THE POWER OF AVALANCHE CONSENSUS

The Avalanche consensus was created with a secure third-generation Blockchain architecture that could attract financial instruments. Features that make AVA stand out:

HIGH SCALABILITY in a network that gets its power from the protocol and has thousands of validator nodes,
The HIGH TRANSACTION SPEED, which results in payments within 1-2 seconds, and the transfer times of other cryptocurrencies vary from 6 seconds to a few days,

The TRANSACTION VOLUME on the network is quite high compared to other cryptocurrencies and this can increase depending on the CPU power of the computer. While 7 transactions per second for Bitcoin and 14 transactions per second for ethereum, AVA can be done, 6500 and above transactions per second,

For consensus, since there is no need for consensus on the network, AVA has SOLIDITY or ROBUSTNESS feature. FLEXIBILITY due to voting on the protocol and protocol modification without the need for hard fork or soft fork on the protocol,

HIGH DECENTRALIZATION because nobody has special privileges due to the democratic nature of all nodes in the network having the same rights,

Due to the PoS system that allows thousands of validator nodes in the network, AVA is more RESISTANT TO 51% ATTACKS than other blockchains operating according to the PoW system. The PoS system does not require mining, it is only necessary to use high power of your computer with CPU power. Therefore, AVA has a GREEN PROTOCOL based on a sustainable and environmentalist approach,

Since it has an OPEN SOURCE PROTOCOL that it offers to developers, it is an open-minded and transparent platform that gives importance to user experience and is committed to further development,

In AVA technology, VIRTUAL MACHINES (VM) are the codes used to establish consensus to create a database; It has multiple virtual machine and program language support. Users can start their own blockchain and develop their own digital assets.

The fact that AVA is called The Platform of Platforms, because it is interoperable with other blockchains and allows you to create your own blockchain and create subnets and create digital assets and smart contracts within the rules you set, and its privacy and flexibility features.

With these existing features, AVA wants to become the Internet of Finance, with the decentralization and security feature specifically requested by DeFi (Decentralized Finance) applications and DApps (Distributed applications) where smart contracts are written.

AVA LAUNCH AND EXPECTATIONS

After the testnets, AVA will be launched. AVA native token (will not be ERC20) will be released by coinlist.co under KYC / AML terms. There will be no airdrop for AVA native token, but there is a social mining site called AvaHub and country communities are also established. For more, check out the useful links section.

Let's come to the topic that crypto investors are curiously waiting for. Should we invest in AVA? It is clear to all of you that in the cryptocurrency universe there are no clear predictions about a new token or coin. In particular, let's make our evaluation about the AVA project according to some criteria frequently encountered in ICO projects. The evaluation symbols are: [✔]- positive, [ X ]-negative, [ O ]-neutral.

Idea quality: A project designed with innovative original ideas. Please check out here https://www.avalabs.org/why-ava [✔]

Team content: It consists of experts in the field. Please check out here https://www.avalabs.org/team [✔]

Project phases: Project products available, MainNet ready. Please check out here https://www.avalabs.org/roadmap [✔]

Venture capital: Investors have support. Please check out here https://www.avalabs.org/ [✔]

Community and media: AVA country communities and active social media available. Please check out useful links [✔]

Token and Blockchain need: Third generation blockchain is designed, token is required. Please check out here https://files.avalabs.org/papers/platform.pdf [✔]

Soft cap - Hard cap status: It is stated in the Ava Native Token document that it will be limited to 720 million tokens. Please check out here https://files.avalabs.org/papers/ava-token.pdf [✔]

Token distribution and protection policy: 360 million of the 720 million total tokens will go on sale. Issues related to the distribution of tokens are not yet clear. However, fees to be paid to validators will be burned to increase the scarcity of tokens. Please check out here https://files.avalabs.org/papers/ava-token.pdf [✔]

Whitepaper Assessment: Whitepaper is present. Please check out here https://docs.ava.network/v1.0/en/papers/ [✔]

Code quality-GitHub: Open source, high code quality, positive comments. Please check out here https://github.com/ava-labs/ [✔]

As can be seen, all of the evaluation criteria are positive [✔].

Consequently, with its collaborative attitude and products on blockchain issues, AVA will provide to financial institutions with a sandbox media in the FinTech field in the future. Therefore, AVA Labs acquired personal funding platform Investry to additional increase its operations. AVA's successes in moving the financial world to the blockchain will increase the value of $AVA token. I think it is worth the investment and I support the AVA project. However, everyone should make their own investment decision… See you in the next articles…

Usefull links:
Website: https://avalabs.org/
AVA-Community:https://community.ava.network/
LınkedIn: https://www.linkedin.com/company/avalabs/
OfficialTelegram: https://t.me/avacoin_official
TelegramAnnouncements: https://t.me/AVA_announcements
Discord: https://discord.gg/99XZqMH
GitHub: https://github.com/ava-labs/
Reddit: https://www.reddit.com/r/ava
Medium: https://medium.com/@avalabs
Twitter: https://twitter.com/avalabsofficial
Facebook: https://www.facebook.com/AvaLabsOfficial
Youtube: https://www.youtube.com/c/AVAofficial

References
1-Rocket, T., Yin, M., Sekniqi, K., van Renesse, R., & Sirer, E. G. (2019). Scalable and Probabilistic Leaderless BFT Consensus through Metastability. arXiv preprint arXiv:1906.08936.
2-Sirer, Emin Gün “AVA: The Platform of Platforms”, Token Summit NYC 2019

3- Sekniqi, K.,Laine, D., Buttolph, S., & Sirer, E. G. (2020). AVA Platform
4- Buttolph, S., Moin, A.,Sekniqi, K.,and Sirer, E.G. (2020) AVA Native Token ($AVA) Dynamics.
5- Minchev, Rado., 2019, Avalanche (AVA) — Blockchain 3.0: A Novel Metastable Consensus Protocol