Against the backdrop of rapid development in the blockchain field, Avail, as a modular blockchain project derived from Polygon, has prominently showcased its dual potential in both market and technology. In March 2024, shortly after becoming independent from Polygon, Avail announced the completion of a $27 million funding round, led by Founders Fund and Dragonfly, focusing on the development of its three core products—DA, Nexus, and Fusion.
By April, Avail's testnet had deployed thousands of chains, processing over 100 million transactions, demonstrating the maturity and efficiency of its technology. Ahead of the mainnet launch, Avail plans a series of optimization activities, including a lightweight client challenge, deployment of the final testnet, tool and infrastructure optimizations, and ultimately, the finalization of the validator set.
The latest update on April 19th revealed Avail's airdrop details on the X platform, opening up the query website and planning to airdrop a total of 6 billion AVAIL tokens to incentivize deeper community engagement while enhancing network security and decentralization features.
Next, we will delve into Avail's core technology and product features, exploring its role and development prospects in the blockchain ecosystem.
Innovative Structure and Ecosystem Integration of Avail: Data Availability Solutions, Framework Unification, and Enhanced Security
In modern blockchain ecosystems, nodes are typically categorized into three types: validating nodes, full nodes, and light clients. Validating nodes are responsible for block generation, full nodes verify the correctness of these blocks by re-executing the transactions within them, while light clients only download necessary block headers and transaction details to verify transaction authenticity. While this structure is secure, it poses challenges regarding data availability. For instance, light clients may be induced to accept a block with incomplete underlying data, or block producers may conceal malicious transactions by not disclosing complete information.
In contrast to existing blockchain technologies, Avail adopts a unique approach to address this issue. It does not verify application state but focuses on the availability of transaction data publication and sorting. Avail simplifies the block verification problem through Data Availability Sampling (DAS), leveraging erasure coding technology to efficiently achieve constant low-cost data availability checks. In this system, light clients only need to sample a minimal amount of data randomly from each block to verify the integrity of the entire blockchain.
This technology is not only applied in Ethereum 2.0 and Celestia (formerly known as LazyLedger) but also enables the network to support larger block sizes and throughput. This is because increasing non-consensus nodes does not sacrifice the network's security and decentralization characteristics.
The core of Avail consists of three pillars:
Avail DA: A foundational layer designed for data availability, using the GRANDPA + BABE consensus algorithm, optimizing Data Availability Sampling (DAS), and efficiency proofs, significantly reducing costs.
Avail Nexus: A permissionless framework for unifying the Web3 ecosystem, connecting different blockchains and serving as a verification center. It builds a custom ZK-coordinated Rollup based on Avail DA, including proof aggregation and verification layers, as well as sorter selection and slot auction mechanisms, regularly submitting aggregate proofs to Ethereum for validation.
Avail Fusion: Provides additional cryptographic economic security by supporting the Avail ecosystem with external tokens (such as BTC, ETH) and emerging Rollup tokens, which are staked through pledge modules on the Avail blockchain and asset conversion pledge modules.
In conclusion, through these three pillars, Avail not only addresses data availability issues but also provides an efficient, secure, and decentralized unified platform for the entire Web3 ecosystem. This vertically integrated technology stack aims to eliminate fragmentation in user experience, enabling seamless access to users and liquidity across the entire blockchain landscape from any Rollup within the ecosystem, thus driving the expansion of Web3 boundaries.
Token Economics of AVAIL: Multi-Dimensional Staking Mechanisms and Governance Participation Enhance Network Security and Value Growth
In the Avail network, the AVAIL token plays a multifaceted core role aimed at providing a unified infrastructure to address blockchain fragmentation and support seamless cross-chain transactions. The design of the AVAIL token not only supports network fee payments and enhances network security but also involves in network governance, collectively maintaining the Avail ecosystem.
1.Multi-Functionality of AVAIL Token
The Avail network, through its three main components — Avail DA, Nexus, and Fusion — constitutes a Web3-oriented unified layer, effectively addressing the scalability, interoperability, and security issues of blockchain:
Avail DA provides fundamental data availability support, solving the scalability challenges of rollups and blockchains. It allows compatibility with various execution environments and rollup stacks, serving as a key to implementing advanced data availability sampling and validity proof techniques.
Avail Nexus, relying on Avail DA, offers seamless handling of cross-chain transactions, greatly simplifying user experience by eliminating the need for complex manual bridging operations.
Avail Fusion, utilizing multi-asset staking, enhances the cryptographic economic security of the network, supporting various assets including BTC and ETH, thus providing solid guarantees for the stable operation of the Avail network.
2.Staking and Reward Mechanisms
In the Avail network, staking AVAIL tokens is an important means to safeguard network security and participate in network governance, while also providing economic returns to users:
Avail DA Staking: Users can stake AVAIL tokens to validators or nomination pools to help secure network operations, supporting various applications such as Web3 games, DeFi platforms, etc. Stakers receive staking rewards accordingly.
Avail Nexus Staking: To improve transaction processing efficiency and fairness, sorters need to stake AVAIL tokens to participate in the submission and sorting of transaction batches, with rewards for outstanding performance and penalties for poor performance.
Avail Fusion Staking: Staking is not limited to AVAIL tokens but also includes other mainstream crypto assets, enhancing the overall network security, with stakers receiving corresponding rewards.
3.Network Governance and Community Participation
AVAIL token holders can not only earn income through staking but also participate in the governance of the Avail network, influencing the strategic direction and policy updates of the network. Avail plans to adopt a phased governance model, gradually expanding the community's role in governance to ensure transparency and fairness in network governance.
4.Self-Sustaining Economic Model
The AVAIL token creates a self-sustaining economic cycle in the network, with its multiple uses in paying for network services, staking, and governance ensuring the vitality and sustainable development of the network. This design not only strengthens AVAIL's market position but also ensures its long-term value in the Web3 ecosystem.
Through these mechanisms, the AVAIL token is more than just a simple medium of exchange but a key asset driving technological innovation, ensuring network security, and participating in governance decisions within the Avail network.
Avail Unified Airdrop and Token Claim Guide
The Avail team announced on April 18, 2024, the launch of a unified airdrop initiative, distributing 6 billion AVAIL tokens, to recognize the contributions of community members who have laid a solid foundation for the entire ecosystem and helped Avail achieve its current success. Starting today, participants can check their eligibility through the Avail token claim portal, accept the Avail mainnet terms, and follow the instructions to claim their tokens.
1.Background and Importance of the Airdrop
With the evolution of blockchain technology, Rollups technology is leading a new wave of development, bringing forth new challenges such as security, scalability, and interoperability issues. The core team of Avail, along with pioneers from across the ecosystem, has launched a comprehensive solution, marking a new stage in the development of blockchain technology. Avail significantly enhances the user experience and security of cross-chain operations through its unique DA (Data Availability) technology, Nexus's permissionless coordination hub, and Fusion's multi-asset over-collateralization mechanism.
2.Eligibility Overview
The Avail unified airdrop aims to reward community members who have made significant contributions to the development of blockchain infrastructure. This airdrop primarily targets the following contributors:
Blockchain ecosystem developers: Those who have been building and expanding public blockchains for years, driving global decentralized coordination;
Incentivized testnet contributors: Actively involved in the Goldberg testnet, processing over 1.18 billion transactions;
Rollup users: Actively using Rollup technology, demonstrating its impact across the entire ecosystem;
Polygon PoS stakers: Supporters of Avail in its early stages who staked on Polygon;
Significant community contributors: Engaged in governance, educating the community, answering questions, and contributing to knowledge dissemination and issue resolution in the Avail community.
The claim process involves linking GitHub and Avail accounts and completing necessary verification steps. All participants must complete the claim process by May 4, 2024, 23:59 GMT.
3.Security Tips and Warnings
All participants should access the claim portal through the official website claim.availproject.org and be cautious of phishing links and unofficial sources. Avail's official team will not solicit personal information proactively, and all social media and community channels can be found on the official webpage.
Through a unified airdrop, Avail not only pays tribute to the contributors of blockchain technology but also strengthens the core position of its infrastructure, demonstrating its commitment to addressing scalability, interoperability, and security challenges in Rollup solutions. Avail's unified layer technology provides a solid foundation for the future development of Web3, making cross-chain transactions more secure and convenient. Visit the Avail token claim portal now to begin your claiming process and contribute to the future advancement of blockchain technology.
