The post Avail Launches Mainnet with AVAIL Token to Enhance Data Availability and Scalability appeared on BitcoinEthereumNews.com.

Avail, a blockchain project focused on scalability, has officially launched its data availability (DA) mainnet alongside the debut of its native AVAIL token. The Avail DA solution introduces a modular blockchain structure aimed at empowering developers to build more scalable, cost-effective, and interoperable chains. The launch event has seen the AVAIL token go live, which will not only be used to pay data availability fees but also play a central role in the network’s governance model. Avail launches its DA mainnet and AVAIL token to optimize data scalability and governance. Avail Introduces Data Availability Mainnet and Native Token Avail has unveiled its data availability (DA) mainnet, which primarily focuses on addressing scalability issues within the blockchain ecosystem. This launch includes the release of the AVAIL token, designed to pay for data availability fees and enhance network security by enabling token staking. Token holders are also given a significant role in the governance of the network, fostering a community-driven approach. Insights on Tokenomics and Governance Though detailed information on the tokenomics of AVAIL is still emerging, the project has announced a total supply of 10 billion tokens. In April, Avail revealed a major airdrop of 600 million tokens, which participants can claim following the mainnet launch. This phased approach reflects the project’s commitment to inclusive and gradual community involvement in governance. Led by Polygon’s former co-founder Anurag Arjun, Avail is set to revolutionize the way blockchain networks handle data availability. Technical Aspects and Functionality The core of Avail’s offering is its innovative light clients, which utilize validity proofs and data availability sampling to rapidly validate data on consumer-grade hardware like smartphones. This technology allows for immediate data sampling post block-finalization, thus enhancing the speed and reliability of data transactions. Moreover, Avail employs a Nominated Proof-of-Stake (NPoS) consensus mechanism, distributing staked tokens…

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Filed under: News - @ July 23, 2024 10:12 am