Audit Date: 27 September 2022
ECOSYSTEM SCORE
27 September 2022
83
ALERTS
Sep 23, 2022

Bridge nodes have been updated to the latest AvalancheGo release and are now stable.

Sep 22, 2022

Partial outage - The processing of new transfers across the bridge may be delayed, Funds are safe.

Sep 16, 2022

Mintenance completed - The merge activation was successful! The Avalanche Bridge has been re-enabled.

Sep 15, 2022

Minnet bridge is under maintenance

Sep 14, 2022

Scheduled Maintenance - Transfers to and from the Ethereum network will be disabled on the Avalanche Bridge from Sep 14, 2022 to Sep 15, 2022 09:00 UTC

Sep 07, 2022

Bridge maintenance has been resolved, now it is working fine.

Sep 06, 2022

Major outage - The bridge is under maintenance. which is expected to complete on 12PM ET.

Jul 28, 2022

Mainnet major outage on June 21, 2022

REVIEW NOTES
Jun 22, 2022

Ecosystem score Increased due to availability of Protocol Support.

Jun 21, 2022

Ecosystem score increased due to availabilitiy of documentation.

PERFORMANCE
Empty container
100
NODES

1,230 nodes

WRITE SPEED

1 ms

READ SPEED

1,893 ms

GAS FEES

6,635,000 gwei

UP TIME

100%

PERFORMANCE MATRIX VALUE MONITORED AT
Read Speed 1,893 ms
Gas Fee 6,635,000 gwei
Write Speed 1 ms
Uptime Percentage 100%
Node Count 1,230 nodes
Reddit Total Members Online 485 members
Reddit Total Members 41,000 members
Discord Total Subscribers Online 5,766 subscribers
Discord Total Subscribers 50,903 subscribers
Telegram Err 115 err
Telegram Ppm 0 ppm
Telegram Total Subscribers Online 2,172 subscribers
Telegram Total Subscribers 44,216 subscribers
Telegram Views Per Post 0 views
FOUNDATION TOOLS
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50
ESSENTIAL TOOLS
PROGRAMMING LANGUAGE SUPPORT
SDKs
DOCUMENTATION
Empty container
75
API DOCUMENTATION

Exists

100
NODE SETUP

Exists

100
SKELETON CODE

Doesn't Exists

VALIDATOR NODES

Exists

100
GRANT PROGRAM
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50
AVAILABLE GRANT

$290M

ADD-ONS
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90
THIRD PARTY SERVICES
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100
PROTOCOL SUPPORT
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80
ADOPTION
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100
DEVELOPERS

13,397

REPOSITORIES

63

COMMUNITY
Empty container
100

Overview

Blockchain technology evolves with multiple iterations, transforming the initial idea of blockchain as a peer-to-peer distributed ledger to record immutable transactions. From the launch of new blockchain protocols to improvement in the ecosystem of existing blockchain networks, the blockchain space continues to drive value to industries worldwide.

Avalanche is one such example of blockchain's constant evolution. Designed as an open-source, high-performing, customizable, scalable and secure decentralized blockchain ecosystem, Avalanche supports developing advanced application-specific use cases. In addition, the Avalanche protocol enables the developers to build custom blockchain networks spanning private and permissionless deployments.

About Avalanche

Avalanche is a third-generation blockchain platform designed to be open, programmable and eco-friendly. The protocol's native currency is AVAX, which is utilized to pay computation fees and secure the network via staking. As measured by time-to-finality, Avalanche claims to be the fastest smart contract platform that essentially supports the following three use cases:

Scalable Solidity-compatible dApps

Avalanche, with its powerful ecosystem, helping enterprises to launch highly scalable and fully decentralized Ethereum dApps that has the potential to process thousands of transaction while ensuring high-end security instantly.

Custom blockchains

Avalanche empowers individuals and enterprises to build and deploy custom blockchains, broadly known as Subnets. These subnets are interoperable with vast projects contributing the Avalanche's ecosystem and are easy to customize based on the project-specific requirements.

Smart digital assets

Avalanche simplifies the creation and issue of complex digital assets by introducing custom rules, smart contracts and smart assets. Enterprises can seamlessly create a variety of digital assets and digitize any real-world assets on Avalanche's ecosystem.

Architecture of Avalanche

Avalanche's innovative architecture is a solution to the existing challenges of blockchain being slow and scalable. Corresponding to these requisites, Avalanche leverages a unique and advanced architecture consisting of a novel consensus protocol, security standards and optimized smart contracts.

Avalanche’s Consensus mechanism

Avalanche protocol adopts two unique consensus mechanisms; Avalanche and Snowman. Furthermore, the network's regulators are working to implement a new consensus called Frosty, which is currently under development. Avalanche offers high scalability, robustness, low latency, and high throughput, still a milestone for many network protocols.

Network's security

By employing proof-of-stake consensus, Avalanche secures the network through impressive incentivization programs. AVAX holders can stake their tokens and earn rewards. They can further meet the parameters to become a validator who can contribute to Avalanche's security, ensuring its security over 51% standard.

Key features of Avalanche

Speed

Abiding by the novel consensus mechanism developed by the top computer scientists of Cornell University, Avalanche claims to be permanently capable of transaction confirmation within 1 second.

Scalability

Avalanche achieves high scalability with its capability of processing 4,500 transactions per second.

Security

Ensures unparalleled security with above 51% network attack.

Customization

dApps and custom blockchain (private and public) built on the Avalanche ecosystem are easy to customize and upgrade.

Efficiency

By employing proof-of-stake consensus, Avalanche shows up as an energy-efficient blockchain protocol.

Ethereum support

Supports top Ethereum tools like Remix, Metamask and Truffle for seamless creation of Solidity-compatible dApps.

DeFi Friendly

Avalanche extends native supports for creating complex DeFi assets with custom rulesets and logic.

Founders of Avalanche

Emin Gun Sirer (lead), Marfan Yin (assistant) and Kevin Sekniqi (assistant) together worked on the Avalanche project that was initiated at Cornell University, aiming to develop a finance industry-focused blockchain protocol to support new-age blockchain use cases.

Popular use cases

Aave

Open-source, decentralized liquidity protocol designed to enable token supply, stake, borrow and vote. By depositing tokens into the Aave protocol, token holders earn interest and gain authority to participate in the voting process to decide Aave's governance, new assets, upgrades, etc. Aave further allows enterprises to build customized dApps on its ecosystem.

Anyway

A decentralized cross-chain swap-enabled protocol is designed to accelerate digital assets' circulation across multiple blockchain protocols like Ethereum and Binance Chain, aggregating more liquidity in the market.

Atlas DEX

Decentralized cross-chain exchange platform designed to facilitate seamless trading experience via technology like bridging and atomic swaps across top blockchain protocols.

Avalanche’s Roadmap

Avalanche has numerous milestones defined on its roadmap, which mainly includes improvement to the protocol's wallet, consensus mechanism, AVAX token and expansion of the network with the launch of a variety of components such as the upcoming Otherside launch on an Avalanche subnet.