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Avalanche - YFarmX | Crypto News & Education
Saturday, December 21, 2024

Avalanche Network

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Avalanche, launched by Ava Labs in 2020, positions itself as a high-throughput, smart contract-capable blockchain, aiming to digitise all global assets. With its unique consensus protocol, Avalanche boasts sub-second transaction finality, offering scalability and efficiency unmatched by many peers. The platform comprises three primary chains: X-Chain for asset creation, C-Chain for smart contracts, and P-Chain for subnet management. Native token AVAX fuels transactions and staking, securing the network with over 400 million tokens in circulation. As of mid-2024, Avalanche's ecosystem thrives with DeFi innovations, despite recent security hiccups, maintaining a market cap around $10 billion, underscoring its robust growth and adoption in the blockchain space.

Avalanche Whitepaper

Avalanche News

Avalanche News

Ava Labs in New Funding Round at $5 Billion Valuation

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According to sources familiar with the matter, Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a second round of funding. According to the new valuation, it would rank among the world's most highly valued crypto startups.
Cardano News

Charles Hoskinson Reacts to Criticism Over Cardano’s DeFi Ecosystem Growth

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Charles Hoskinson, founder and CEO of Cadano, has once again responded to critics -- this time around Emin Gün Sirer, the founder and CEO of Avalanche's Avalabs. Cardano's DeFi ecosystem has been criticized for its slow pace of growth, as reflected in its TVL.

Terraform Labs & LUNA Foundation buy $200 million in AVAX tokens

Avalanche COO Sekniqi Offers Advice for Ethereum’s Vitalik Buterin

Avalanche NFT's

AVAX Price

AVAX to USD Converter

About us

YFarmX is a web3 media brand that delivers breaking news and premium insights about digital assets. As part of our editorial content, we provide learners with the critical analysis and information they need to make smarter decisions and to better understand emerging web 3.0 technologies.

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Latest News

SBF Appeal Seeks to Overturn Conviction, Cites Judicial Bias

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Sam Bankman-Fried has filed an appeal seeking a retrial of his fraud conviction, citing judicial bias and claiming that the original trial was unfair. His legal team argues that the judge's actions compromised the fairness of the trial, leading to an unjust conviction.

UK Parliament Introduces New Bill to Recognise Cryptocurrencies as Personal Property

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The UK Parliament has introduced the Property (Digital Assets etc) Bill, officially recognising digital assets like Bitcoin, NFTs, and carbon credits as personal property. This new legislation provides owners with legal protections against fraud and theft, positioning the UK as a global leader in crypto law.

TADA Partners with TON to Introduce Web3-Powered Ride-Hailing

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TADA, a leading ride-hailing service in Southeast Asia, has partnered with the TON Foundation to launch TADA Mini, a Telegram-based app that integrates Web3 technology into ride-hailing. Users can now book rides directly through Telegram and pay with cryptocurrencies like $TON or $USDT-TON. This collaboration marks a step forward in mainstreaming blockchain technology and cryptocurrency adoption in everyday services.

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