Avalanche: A Novel dApp Protocol for the Internet of Finance

Jun 21, 2021 • 3 Min Read

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Avalanche (AVAX) is a next-generation smart contracts platform that’s structured as a publicly-owned crypto network protocol. Ava Labs supports the Avalanche protocol in its mission to build a high-performing, secure, and energy-efficient cryptonetwork for decentralized applications ("dApps"), novel financial primitives, and new interoperable blockchains. Using its innovative technology approach, the Avalanche protocol is creating a new crypto-native economy for frictionless real-world and digital asset exchange, composable financial application primitives and derivatives, Web 3.0 privacy-focused data and social applications, and more.

Next wave of the Web. Crypto networks like Avalanche are next-generation internet application platforms. The internet continues to evolve. Web 1.0 PC networks connected us online and gave us access to information and e-commerce payment gateways. Web 2.0 mobile-first social networks connected us to online communities while algorithms used our data to optimize user experience. Web 3.0 cryptonetworks consist of trustless community-owned protocols like Avalanche that give users back control of their data and privacy with natively embedded DeFi applications (Slide 6). Th...

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