Provides a decentralized contracts platform for global finance, with near-instant transaction completion. Also backed by A16z, Polychain, Initialized, Naval, Balaji, and Dragonfly.
Avalanche is a highly scalable blockchain platform designed for decentralized applications and custom blockchain networks. It boasts near-instant transaction finality and is capable of handling thousands of transactions per second. Avalanche aims to address the blockchain trilemma by providing a platform that is secure, scalable, and decentralized. It supports the creation of complex custom blockchain solutions that can interoperate with each other, making it a versatile choice for developers. The project's backing by prominent investors such as Andreessen Horowitz (A16Z), Polychain Capital, Initialized Capital, and others reflects its strong position in the competitive blockchain landscape.