2024-07-25
The Avail project, which began within
Polygon and was later spun out as an independent entity, launched its
mainnet, Avail DA, along with introducing its native AVAIL token on July 23,
2024.
The AVAIL token is designed to be
integral to the Avail ecosystem, providing access to data availability services
and enabling staking to contribute to network security.
Avail DA’s mainnet aims to optimize
data availability for highly scalable and customizable rollups, which is a
crucial aspect of blockchain technology.
Avail DA’s mainnet is designed to store data off-chain, which can lead to substantial reductions in transaction costs and improvements in scalability.
The project has already announced over 110 partnerships, including collaborations with the top five Ethereum rollup stacks: Arbitrum, Optimism, Polygon, Starknet, and zkSync.
Developers can leverage any of Ethereum's rollup stacks like Arbitrum Orbit, Optimism OP Stack, Polygon CDK, or explore non-EVM to build blockchains on Avail DA.
For developers interested in leveraging
features similar to those planned in Ethereum’s danksharding roadmap, such as
validity proofs and data availability sampling, Avail DA offers an immediate
solution. The integration process is straightforward, requiring only a few
lines of code.
AVAIL token powers the network, uses for paying Avail DA fees, stake to secure the Avail network, and governance.
The Avail network can support up to
1000 validators and uses an NPoS consensus mechanism, which provides more
equitable reward distributions to validators and decentralization to the
network.
The AVAIL token also plays a key role
in the governance of the Avail project, with a phased approach towards
community decision-making.
Furthermore, AVAIL token is central to
the ecosystem, enabling access to data availability services and allowing token
holders to stake and contribute to network security.
Avail provides a modular solution that
could significantly reduce transaction costs and enhance scalability for Layer
2 rollups.
