Disclosure: This content is for informational purposes only. You should not make decisions or purchase any tokens based solely on it. This is not investment advice.
If you’ve been paying attention to memes lately, chances are you’ve come across a red hat with an AVAX sign. In this post, I’ll tell the story of Avalanche so you can better understand the fundamentals behind that meme. I’ll start by explaining the consensus mechanics where I’ll cover its capabilities and limitations. Next I’ll acknowledge the vision of the Avalanche platform, before finally moving on to its token economics and burgeoning app ecosystem.
Much like Bitcoin, the Avalanche project started with the introduction of an anonymous academic paper describing a new family of consensus protocols called Snow. Academics at Cornell University further developed this protocol to create its real world implementati