What is Avalanche blockchain?

Avalanche’s novel architecture allows for a universe of independent, but interconnected, blockchains that are all validated and kept secure by dynamic subsets of validators. “The Lemonade Crypto Climate Coalition is built end-to-end on the blockchain, it utilizes strategies that would be impossible with regular technology.

What is the X-chain API?

The X-Chain API supports the creation and trade of Avalanche Native Tokens. One asset traded on the X-Chain is AVAX. When you issue a transaction to a blockchain on Avalanche, you pay a fee denominated in AVAX. The X-Chain is an instance of the Avalanche Virtual Machine (AVM).

What is Avalanche & benqi?

Trader Joe (no relation to the American supermarket chain Trader Joe’s) is Avalanche’s main decentralized exchange, with $1.47 billion locked into its liquidity pools. Benqi, with $1.26 billion locked into its smart contracts, is a popular lending platform that fulfills similar functions to Aave. Avalanche isn’t only for DeFi, though.

Who invented Avalanche?

The protocol's fundamentals were first shared on the InterPlanetary File System (IPFS) in May 2018 by a pseudonymous group of enthusiasts going by the name "Team Rocket". Avalanche was later developed by researchers from Cornell University led by Emin Gün Sirer and doctoral students Maofan "Ted" Yin and Kevin Sekniqi.