We expect it to reach 130 USD soon.
Avalanche started off as a protocol for solving consensus in a network of unreliable machines, where failures may be crash-fault or Byzantine. The protocol's fundamentals were first shared on InterPlanetary File System (aka IPFS) on May 2018 by a pseudonymous group of enthusiasts going by the name "Team Rocket It was later developed by a dedicated team of researchers from the Cornell University. The research was led by Emin Gün Sirer, a professor of computer science and software engineer, assisted by doctoral students Maofan "Ted" Yin and Kevin Sekniqi. Following the research stage, a startup technology company was founded to develop a blockchain network that would meet complex finance industry requirements. As a number of sources indicate, "the project was in the realm of academic circles interested in exploring consensus protocols that serve the same purpose of proof-of-work — securing transactions — but are more energy-efficient and have the potential to provide a basis for democratic development and the inclusion of more users in the consensus process". In March, 2020, the AVA codebase (Developer Accelerator Program or AVA DAP) for the Avalanche consensus protocol became open-source and available to public.
Avalanche started off as a protocol for solving consensus in a network of unreliable machines, where failures may be crash-fault or Byzantine. The protocol's fundamentals were first shared on InterPlanetary File System (aka IPFS) on May 2018 by a pseudonymous group of enthusiasts going by the name "Team Rocket It was later developed by a dedicated team of researchers from the Cornell University. The research was led by Emin Gün Sirer, a professor of computer science and software engineer, assisted by doctoral students Maofan "Ted" Yin and Kevin Sekniqi. Following the research stage, a startup technology company was founded to develop a blockchain network that would meet complex finance industry requirements. As a number of sources indicate, "the project was in the realm of academic circles interested in exploring consensus protocols that serve the same purpose of proof-of-work — securing transactions — but are more energy-efficient and have the potential to provide a basis for democratic development and the inclusion of more users in the consensus process". In March, 2020, the AVA codebase (Developer Accelerator Program or AVA DAP) for the Avalanche consensus protocol became open-source and available to public.