Blockchain, one of the most important discoveries of our century, is a candidate to solve many of our problems. In particular, future data and data transfer will not be possible without the help of this technology. Traditional systems are insufficient for the solution of these problems. In the beginning, the central structure of traditional methods poses significant security problems. Unauthorized and malicious use of personal data threatens individuals' economic and social freedoms.
Due to the structure of blockchain technology, it is impossible to change the data backwards. Although its decentralized structure allows too many entries; The security is at the highest level since data cannot tamper. Blockchain technology is in its infancy as a structure. As its widespread use increases, various problems arise; different projects focus on solving these problems. I will try to touch upon the importance and resolutions of the Avalanche project.
Avalanche is not in the central structure; it is an open-source and designed platform based on new financial principles that allow different blockchains to work together. It is aimed to create smart digital assets and create a platform where these assets are traded. It has two consensus engines called Avalanche and snowman. While Avalanche is optimized for DAG; The snowman provides high efficiency for the chain of smart contracts.
The features of Avalanche platform are with brief explanations;
1- SPEED: Avalanche platform permanently approves the transactions within 1-2 seconds. That means about ten times the speed of Ethereum.
2- AVAILABILITY: Millions of transactions on the Ava platform are confirmed simultaneously with short processing times.
3- SECURITY: Avalanche platform provides much higher security than classical systems and other long-chain consensus protocols.
4- CREATING A PRIVATE BLOCKCHAIN NETWORK: Avalanche Platform provides users' special software; in other words, it allows them to install and run blockchains.
5- FOCUS ON FINANCIAL AREA: Avalanche was created to facilitate the functioning of financial markets. Complex transaction sets have been considered regarding the handling of assets and how they will be handled. With smart contracts, assets, bonds, stocks, or fractional real estates are aimed to be made more comfortable and safer.
In summary, the Avalanche Platform aims to provide higher transaction speed and secure transactions compared to other projects. This very important for investors and traders.