I just listened to a podcast by Jon Gordon with the CEO of Ava Labs John Wu discussing their project, but also on culture of hyper-growth companies and was interested in what the CEO had to say.
I went and read their white paper and poked around their website. They’ve been out for a while, but haven’t seen it discussed on this sub.
I think I’ll start tracking it and see what it does. Could become a player in the DEFI space.
Anyone see this as a long term win?
From reading the high level descriptions of the Avalanche (to be used with Flare) and XRP consensus protocols, it seems like they are pretty similar. Is there anyone here who has read the white paper and could describe the main differences and benefits?
The Avalanche consensus mechanism was published in mid-2018 and was implemented by AVA labs. This new consensus mechanism aims to create a network without any leader as all nodes have equal status here. Instead of performing Proof of Work on transactions, the node in Avalanche relies on other nodes' opinion about a particular transaction as it first sees it.
The Avalanche consensus has a few benefits over traditional protocols like a higher throughput allowing blockchains to reach between 1,000 and 10,000 transactions per second, much faster than most current blockchains. Additionally, the protocol also has low latency and it's highly scalable and robust.
AVA is led by Professor Emin Gün Sirer, one of the most esteemed cryptocurrency thinkers. AVA Labs is powered by this consensus protocol that can achieve high performance and scalability while solving some of the issues present in traditional consensus algorithms.
AVA has been able to demonstrate more than 5000 transactions per second with each transaction taking around 1-2 seconds to process and finalize.
Radix has just released Chapter II of the Cerberus Infographic Series:
https://www.radixdlt.com/post/cerberus-infographic-series-chapter-ii
They are ramping up their marketing lately, as the mainnet launch date is getting closer and closer.
If you have only heard about Polkadot, Cosmos, Solana, or Avalanche yet, when it comes to Layer 1 protocols, then i can highly recommend to check out Radix. They have found a unique way of providing unlimited scalability on a sharded network, while maintaining atomic composability across shards, which will become a crucial feature for next gen DeFi applications.
Just as a comparison: Polkadot for example does not support atomic composability across their shards or subnets, which they call parachains. Radix, so far, is the only project that has found a solution to this problem.
Hi, I'm looking for anyone who has ever used a leaderless protocol in an industry setting. I need to run such a setup and I'm fairly certain by now that this has never been done before. If you have, please let me know, I can make it worth your while.
In current EOSIO design, a block is declared as final after 2/3+1 block producers signed their blocks after it. This results in about 2 minutes finality in a network with 21 active producers.
But it is possible to upgrade the EOSIO consensus protocol so that the last irreversible block is within 1 second from the current head block in normal circumstances and up to a few seconds in case of a network outage or internet perturbation.
Checkout the cc32d9 idea on "Short finality in EOSIO blockchain" - https://github.com/cc32d9/cc32d9_ideas_for_EOSIO/blob/master/Short_Finality_in_EOSIO.md
By my understanding of the Solana consensus protocol, for a given time slot, a leader is selected out of a group of validator nodes to generate the PoH. For the duration of this time slot, all transactions received by the cluster are forwarded to the leader. What is to stop an attacker from spamming the network with millions of transactions per second such that the leader’s transaction queue grows without bounds? In this hypothetical case, we can assume there is only one cluster for simplicity.
I’m not asserting that this has anything to do with the recent DDOS attacks. I’m just trying to understand the protocol better.
The Avalanche consensus mechanism was published in mid-2018 and was implemented by AVA labs. This new consensus mechanism aims to create a network without any leader as all nodes have equal status here. Instead of performing Proof of Work on transactions, the node in Avalanche relies on other nodes' opinion about a particular transaction as it first sees it.
The Avalanche consensus has a few benefits over traditional protocols like a higher throughput allowing blockchains to reach between 1,000 and 10,000 transactions per second, much faster than most current blockchains. Additionally, the protocol also has low latency and it's highly scalable and robust.
AVA is led by Professor Emin Gün Sirer, one of the most esteemed cryptocurrency thinkers. AVA Labs is powered by this consensus protocol that can achieve high performance and scalability while solving some of the issues present in traditional consensus algorithms.
AVA has been able to demonstrate more than 5000 transactions per second with each transaction taking around 1-2 seconds to process and finalize.
The Avalanche consensus mechanism was published in mid-2018 and was implemented by AVA labs. This new consensus mechanism aims to create a network without any leader as all nodes have equal status here. Instead of performing Proof of Work on transactions, the node in Avalanche relies on other nodes' opinion about a particular transaction as it first sees it.
The Avalanche consensus has a few benefits over traditional protocols like a higher throughput allowing blockchains to reach between 1,000 and 10,000 transactions per second, much faster than most current blockchains. Additionally, the protocol also has low latency and it's highly scalable and robust.
AVA is led by Professor Emin Gün Sirer, one of the most esteemed cryptocurrency thinkers. AVA Labs is powered by this consensus protocol that can achieve high performance and scalability while solving some of the issues present in traditional consensus algorithms.
AVA has been able to demonstrate more than 5000 transactions per second with each transaction taking around 1-2 seconds to process and finalize.
The Avalanche consensus mechanism was published in mid-2018 and was implemented by AVA labs. This new consensus mechanism aims to create a network without any leader as all nodes have equal status here. Instead of performing Proof of Work on transactions, the node in Avalanche relies on other nodes' opinion about a particular transaction as it first sees it.
The Avalanche consensus has a few benefits over traditional protocols like a higher throughput allowing blockchains to reach between 1,000 and 10,000 transactions per second, much faster than most current blockchains. Additionally, the protocol also has low latency and it's highly scalable and robust.
AVA is led by Professor Emin Gün Sirer, one of the most esteemed cryptocurrency thinkers. AVA Labs is powered by this consensus protocol that can achieve high performance and scalability while solving some of the issues present in traditional consensus algorithms.
AVA has been able to demonstrate more than 5000 transactions per second with each transaction taking around 1-2 seconds to process and finalize.
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