We are pleased to announce our next AMA on December 16th 2021 at 03:00 PM UTC Time: Satoshi Club x Avalanche
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Avalanche Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Avalanche Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Avalanche
For more details:
Avalanche Website – avax.network
Avalanche Telegram – @avalancheavax
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
My question is mainly on your Subnetwork, (subnet), as already known,
A Subnet, is a dynamic set of validators working together to achieve consensus
on the state of a set of blockchains. Which is also comprised of Validators, and more More specifically, subnets are a logical partition of an IP network into multiple, smaller network segments. So please, how Does the Avalanche 150 platform Support creation of arbitrary Many Subsets? In what ways can we create a new subnet or even join a Subnet? And can you tell us the advantages of the subnet Model in your platform?
I also saw that There is one special subnet called the Default Subnet, can you please enlighten us about this Feature?
Avalaunch which is part of the Avalanche ecosystem is the first protocol, exclusively for the Avalanche ecosystem, to offer promising and innovative projects a fast, secure, and efficient platform for decentralized fundraising. Can you give more information about Avalaunch? What are the unique services that Avalaunch provides for projects that are incubated in Avalaunch? Is there any system setup to make sure that only bright projects can use the Avalaunch services? How can projects apply for incubation in Avalaunch? Can you mention some of the requirements that interested projects must meet in order to be eligible for incubation in the Avalaunch platform?
Why in telegram you can not ask something without the scammer contacting you by DM immediately? It makes me mistrust.
I learnt that any project with ideas to grow and collaborate on Avalanche is invited to apply for a grant. Can you give more information about this? What is the process that projects must follow in order to submit their proposals and apply for a grant? What are some of the features of a project you consider before deciding whether to give a grant to a project? What are the requirements that interested projects must meet to be eligible for such grant? How do you ensure that the funds/grant given to a collaborating project is used efficiently by the project?
I learnt that Ava Labs has been selected to join Mastercard Start Path Crypto, a startup engagement program dedicated to exploring and solving how blockchain technology can democratise use cases for people and businesses around the world. First of all, congratulations!! Can you give more information about this? How does the Avalanche ecosystem and its users benefit from Ava Labs connecting with the MasterCard’s ecosystem of partners?
You proudly describe Avalanche as the fastest smart contract platform in the blockchain industry. Your data show that you can achieve a massive 4500 TPS resulting in an average block time of 2 seconds. I read this is made possible due to the combination of Direct Acyclic Graph (DAG) and a Repeated Subsampled Voting. Can you explain what each of these involve and how these innovative combinations work to make Avalanche the fastest? Also, for some innovation that prioritise speed, there is sometime a trade off with security. How have you been able to scale your protocol efficiently and how is this done with utmost priority for security consideration?
One of the interesting and unique feature of Avalanche blockchain is that out of any proof-of-stake protocol, it is said that you have the highest number of validators securing your operational activities. While it is necessary to incorporate more validators into blockchain validation operations, it is equally necessary to keep them as decentralized as possible in order to remove instances of bias. Can you explain haw your validators are formed or aggregated and who can become one? What is the difference between your Primary Validator and Subnet Validators? Also, I saw that you will not implement any punishment or slashing. How then do you intend to ensure your validators are of good behaviour at all times if there is no punishment check? What methods are you using to incentivise good behaviour and discourage any form bad behaviours of validators within the Avalanche ecosystem?
I understand that unlike in a model such as Ethereum, where every transaction invocation must pay some gas , avalanche adopts a different model that incorporates two types of transaction processing mechanism.can you explain how the two transaction processing mechanism works and how it will solve the gas payment problem?,what are the features of the transaction processing mechanism and it’s protocols?
I learnt that anyone can create a new token and on avalanche it is pretty cheap and also liquidity pool creation on DEXes is permissionles so anyone can create a new pair with fake token that has the same name and token image as the real thing.what are the guidelines set in place to ensure the safety of an investor?,can you tell us the precautions an investor can take to ellude falling victim of the fake token scammers on avalanche platform?, lastly can you tell us the steps of adding a new token and how to upgrade the token?
Gnosis Safe has recently been integrated with Avalanche. What do you think this cooperation will give you, because Gnosis Safe and their multi-signature smart contract wallet technology is a real breakthrough among the rest of the usual crypto-wallets?
I read that there are currently 1218 validators within the Avalanche ecosystem. I would like to know, what are the hardware requirements we need to become a validator within avalanche? What are the benefits and rewards that Validators receive from the Avalanche ecosystem and in what ways do you incentivize each Validator? How many AVAX tokens do we need to stake to become a Validator? A very frequent question in this regard is: are staked tokens on Avalanche at risk of slashing?
Now one of the main directions is the metaverse and everything related to it, so I’m wondering if Avalanche is ready to launch its large-scale metaverse? How will this differ from what is already on the market and will you implement vr and ar technologies in your future metaverse?
You have compared Avalanche with three blockchains, Bitcoin, Ethereum and Polkadot. When examining that comparison, I noticed several plus points in terms of energy efficiency, number of validators, safety threshold and etc…. My question is, why Bitcoin, Ethereum and Polkadot are still more popular than Avalanche if it has a bunch of advantages? In addition to the benefits you have mentioned, are there any drawbacks of Avalanche blockchain? Moreover, is there a specific reason to choose aforesaid three blockchains for the comparison? To make Avalanche popular, what type of marketing activities and developments will be conducted in the future?
While researching for this AMA, I found that you have introduced a sliding cost function for $AVAX transactions. Although I could understand this basic concept, it is not clear how users can take advantages from this function. How do they find a time with low congestion to reduce the transaction fees? Before they confirm the transaction, do you display what is the amount that will be deducted as the fee? Generally, traders/investors sell their holdings in good market conditions. When the market becomes better, almost every user is performing transactions. Thus, they have to pay a high fee due to the congestion. Do you have a solution for that? Why did you decide to introduce this sliding cost function to Avalanche?
I noticed that you have introduced several wallet classes, mnemonic wallet, public mnemonic wallet, ledger wallet and singleton wallet. In addition to the different sign-in methods, what are the unique features of each wallet? When choosing a wallet, what type of factors should be considered? Does the procedure of choosing a wallet type depend on the purpose of holding funds? Is there a specific reason to introduce several wallets instead of a single wallet and to choose aforesaid four options? Currently, traders and investors are using mobile applications because of the convenience. Can they access your wallets from mobile devices? In the future, will you introduce more wallet classes with more features?
Avalanche has created a new family of protocols called the “Snow Protocols” and the Snow Protocols form the basis for the consensus on the Avalanche Blockchain and i also noted there are two consensus engines on the Avalanche platform which are DAG- Optimized consensus and Chain- Optimized Consensus. Can you elaborate on the Snow Protocols? What are the features and properties of the Snow Protocols? Can you explain how the Snow Protocols Works? In line with this, can you elaborate on the 2 Consensus Engines on the Avalanche Platform, their features and how they work?
While researching for this AMA, I found out that There are 3 Blockchains that have been built-into the Avalanche Platform and all these 3 Blockchains are Validated by the Default Subnet. These 3 default blockchains includes the X-chain, P-chain and the C-chain. Can you elaborate on these 3 defaults blockchains that are built into the avalanche platform? What are the features of these 3 default Blockchains? are there plans to add more blockchains to Avalanche Platform? I also found out that developers can choose to create dApps and blockchains containing any arbitrary logic they choose to include, can you explain more on this feature and how developers can access and use it to create dApps and Blockchains using the Avalanche Platform?
Many Blockchain Enthusiasts will recognize Avalanche as similar to Ethereum in as much as it is an open source Blockchain Platform, moreover while all these Blockchains are decentralized and robust, they suffer from issues such as low throughput and high confirmation latencies. Plus, they require constant and huge energy expenditures to ensure their security. can you explain more on some basis which Give Avalanche Platform and put them on a higher edge over other Blockchains? Can you also explain on how the Avalanche Platform plans to resolve all my aforementioned issues that are encountered by current and existing blockchains?
What caught my attention is the fact that users or investors can can deploy their own blockchain that fit their application needs, build their own virtual machine and dictate exactly how the blockchain should operate.this is quite impressive and logical.can you elaborate more on this information, what is the reason or basis Avalanche choose to allow users the freedom to choose their blockchain? What about users who can’t build their own virtual machine is there a guide as to how this should be done? What can it take a user to build his virtual machine and what is the purpose of this virtual machine?
First thing I saw while logging into your website is a welcome recommendation of avalanche ecosystem,it states ” blazingly fast,low cost, and eco-friendly” as among the reasons why people should trade with Avalanche. As I’m considering making first step in crypto trading please explain how user and eco-friendly is the platform for those who make first step in crypto trading and also for experienced traders? How easy and fast is it to withdraw or deposit funds from and to any country? Are there countries Avalanche is restricted?
Avanlanche’s high TP performance and EVM compatibility are winning over some of the biggest names I. DeFi.I read that Avalanche quickly grew up to $2B+TVL showing that your network is gaining traction.So to capitalize on your growing reputation,you launched “Avalanche Rush”.So tell can you give us full details of this program?And is the “Avalanche Rush” still available?You also allocated in the “Avalanche Rush” $180 million,what was that used for?Do users have to do anything to participate in the “Avalanche Rush”?Please kindly explain to us the benefits also.Thanks
What is the difference between Avalanche and level 1 projects? Why is the Consensus of Avalanche better than PoW and PoS? At the expense of what the big indicator of TPS is reached? But tell me what is the difference between EVM and AVM?
Concerning AVAX Staking reward,All subnets, including the Primary Network, require validators who own and stake AVAX tokens as collateral.So does that users have to become validators before they get rewards for staking AVAX?Can you describe to us the staking process of AVAX?And if users want to receive AVAX rewards,they will have to delegate their stake to a validator to earn a percentage of the staking rewards.So can you share the instructions of how users can delegate their stake to the validators?What is the amount of APY given to the Validators and % given to the delegators?What then happens if voting is done incorrectly?Please share more information on your Staking AVAX. Thanks
Concerning AVAX Staking reward,All subnets, including the Primary Network, require validators who own and stake AVAX tokens as collateral.So does that mean users have to become validators before they get rewards for staking AVAX?Can you describe to us the staking process of AVAX?And if users want to receive AVAX rewards,they will have to delegate their stake to a validator to earn a percentage of the staking rewards.So can you share the instructions of how users can delegate their stake to the validators?What is the amount of APY given to the Validators and % given to the delegators?What then happens if voting is done incorrectly?Please share more information on your Staking AVAX. Thanks
Avalanche operates as a DPoS(Delegated-Proof-of-Work) ecosystem where Validators secure the network and approve transactions.So tell us,do you just elect users to become validators or you look out for some qualities/requirements before these validators are elected?Suppose a validators displays a bad behaviour,does the community have every right to vote this ones out?What is the limited numbers of delegate assigned to secure the network and give approvals to transactions? Please explain Thanks
I’ve known Ethereum blockchain to be one of the bigger boys in the crypto sphere but Emin Gün Sirer says AVA’s approach to node communication will help it scale better than ETH 2.0 that’s surprising so here comes my question What unique features does Avalanche network offer to users that Ethereum is lacking?Is Avalanche creating a new version 3.0 that supercede ETH2.0?
AVA sported high transaction speeds on its recently launched testnet.with this new launch attract more transaction fees for users?
Can you please tell us about the 3 integrated blockchains that Avalanche has: Exchange chain (Chain X), Platform chain (Chain P) and Chain of contract (Chain C), you can tell us about the fees that Avalanche handles, you can earn passive income by contributing to Avalanche, tell us about the Avalanche Rush program and your role on the Avalanche platform?
user’s are privileged to Mint their own digital collectibles in seconds for fees less than a cent. Digitally prove ownership, and streamline value flow. Create and share art, collectibles, and more with all the benefits and none of the downside.Will Avalanche create an art gallery where Arts can be showcased by Artist? will the arts be turned as NFTs that can be sold/leased/or auctioned? when you say create and share arts,will arts be shared among users o in the Avalanche community? please clarify me on this thanks
What does the community mean on the platform, what is its role, I have read that Avalanche feels committed and values its developers making sure that it is the best and easiest experience to build in Avalanche, could you define us or tell us which is the characteristic that best defines Avalanche and what are the benefits, values and advantages of owning AVAX?
It is among their plans to incorporate the use of stable currencies in Avalache and even more to create their own stabletcoin, despite the fact that cryptographic activities are becoming more common to many new users, even already experienced users, we have doubts and fears regarding the use of dApps, In this sense, what can Avalanche offer to generate trust and transparency, how does it plan to attract and achieve mass adoption considering the recentness of the project?
I’d like to know more about the Eco-Friendly aspect of your platform; for a major network like yourself, this alone could be a tipping point for crypto and non-crypto users alike to join your platform, instead of the competitors’. What are your solutions to the most problematic aspect of crypto? Are these solutions based on preventing the huge carbon emissions caused by crypto transactions, or the approach most take, like planting trees and donating to environmental charities? In any case, do you have a transparent approach to said eco-friendly measures? Do you have ways for us to see your real-time emissions and a breakdown of the funds used to solvent them?
One of the subdivisions of Avalaunch is the Launchpad that is positioned as the Future of Fundraising and the first protocol, exclusively for the Avalanche ecosystem, to offer promising and innovative projects a fast, secure, and efficient platform for decentralized fundraising. Could you explain how can I invest in new projects launched on Avalanche? Should I stake to be eligible for participating? Can I just stake XAVA without a necessity to participate in IDOs? Thanks!
Avalanche Consensus Protocol is what your validators use to determine if a transaction should be accepted or not. From what I read, Consensus protocol using repeated sub-sampled voting. Validators makes decision based on inputs from sub-validators. These days, emerging projects have been adopting latest technology like Artificial intelligence in DeFi activities. Are you considering adopting Artificial Intelligence and Machine Learning technology for validations? Also, you mentioned that there is high probability of accepting or rejecting a validation based on the decision of a honest validator. What criteria or parameters do you use in determining an honest validator? Is it possible for an honest validator to loose his credibility?
My question is more on your global vision on crypto industry. Can you name the most perspective blockchains to get on TOP of crypto world in the next 5 years? What could you suggest to newbies in terms of investment strategies and tactics? Please also explain why should I believe in Avalanche in long term? Thank you!
You have emphasized that the validators of the Avalanche ecosystem play a fundamental role. I have noticed, that in other platforms, they demand many requirements to be a validator, among those requirements, the validators must be located in a given country, they must also submit KYC, and even sometimes very expensive hardware is required. Of all these barriers that I just mentioned, which often limit a user’s opportunity to become a validator, which one does Avalanche break down? Are these requirements also necessary within the Avalanche ecosystem? Can you please explain more about this?
You have highlighted three features of dApps that can be build with Avalanche, fast, low cost, and solidity-compatible. Can you deeply explain what type of technology do you have to introduce these features? When comparing to the experience with the dApps build on other blockchains, how does the user experience differ on Avalanche? Although I read your tutorial on connecting MetaMask and deploying a smart contract using Remix, it seems that the procedure is complicated for a newbie. In addition to this guidelines, do you offer any video tutorials? Can we contact your team for any clarifications or explanations? If yes, please give more information on contacting the support team.
My question is about Avalanche hub. You have stated that it is a platform for all aspects of Avalanche. Is this a social media similar to Facebook or Twitter? Or does it work as a forum? Can you explain what kind of benefits we get from joining the hub? Further, it has been mentioned that users of Avalanche hub can earn $AVAX. Please let us know what are the earning methods attached to Avalanche hub. Do you pay rewards for joining and staying active? Or are there any tasks to perform? Can we join the hub without holding any $AVAX and start earning? In other words, can we use this platform as a free income generator?
It caught my attention that there is an option to apply for building decentralized exchanges on Avalanche. Is anyone allowed to send an application? Are there any requirements to be eligible to apply such as holding a certain amount of $AVAX? When giving the approval for a proposal about a DEX, what are the facts you take into consideration? If a proposal get rejected, can the applicant rectify the issues and reapply? Further, please explain about the benefits/privileges you offer for choosing Avalanche to build a DEX.
The solutions offered by Avalanche is said to make it the best verifiable platform for institutions, enterprises, and governments. This quality as stated is super important and makes me eager to learn how Avalanche will practically offer its services to governments and institutions, who largely have been a major obstacle to general crypto adoption and growth. Can you briefly explain how Avalanche will effectively achieve this, and why do you think these institutions and governments would consider your solutions? Also, will you be so kind as to share some of the institutions, enterprises & governments, Avalanche has worked and is working with? What sort of services & solutions do you offer them?
Avalanche has proudly listed its major milestones for Q4 2022 as; NTT, DID, Avalanche Name Space, Avalanche Wallet V6, the new Avalanche Bridge V4 and ILO V2. Looking back at these notable achievements as stated, how best would you judge your overall performances? Can you share your experiences with meeting up to these milestones and those set at the start of 2021, how ready is Avalanche for a safer, efficient and faster 2022 calendar year? Can you also give us a breakdown of current growth numbers, from users to partnerships as well as strategic product integrations, how set is Avalanche for an even bigger all round community?
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol through staking or locking up AVAX to help process transactions and secure the platform. Can you please elaborate on the AVAX staking for those looking to become validators. What are the rewards/incentives for staking? What are the staking periods as well as fees for unstaking if the option is available?
Thank you.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. So my Question is how can we Mint our own digital collectibles in seconds for fees less than a cent when on Digital collectibility? And how is Deploying smart contracts on Avalanche cost the lowest cost of developing contact? How does Avalanche Virtual Machines (VMs) enable developers to easily launch blockchains with a wide array of application-specific it features?
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. So my Question is how can we Mint our own digital collectibles in seconds for fees less than a cent when on Digital collectibility? And how is Deploying smart contracts on Avalanche cost the lowest cost of developing contact? How does Avalanche Virtual Machines (VMs) enable developers to easily launch blockchains with a wide array of application-specific it features please share more light on how (VMs) enables Developers easily?
Avalanche is an open, programmable smart contracts platform for decentralized applications, please can you explain how this is possible?
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. So How can we learn what cases benefit
Avalanche is an open, programmable smart contracts platform for decentralized applications, please can you explain how this is possible?
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. So How can we learn what cases benefit most by leveraging the high-performance capabilities of Avalanche? we know avalanche works with Decentralized Finances(DeFi) and its is rapidly growing beyond the limits of one chain. How is Decentralized finance growing beyond the limit of one chain in the aspect of Avalanche? Also explain how avalanche is fully compatible with Ethereum asset apps and tooling with the fastest speed?
I read that a key difference between Avalanche and other decentralized networks is the consensus protocol. so, could you tell us about your consensus protocol, how it works, why it is key in Avalanche and what would be the significant difference it really has?
AVAX is the native token of Avalanche, so, could you tell us what is the main function of AVAX inside Avalanche, tell us a little bit about it and mention us that it can be used to buy AVAX tokens, in which places it is available to be bought, how much is its current value and once we have it in our wallet what are the possibilities we would have inside and outside Avalanche?
Scalability, Security and Sustainability are three fundamental points in any project, so, how would you describe Avalanche in this trilogy, tell us what are your plans and strategies to stay sustainable, scalable and secure over time using the funds you already have and without having to sacrifice any of your other features?