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P-Chain Switching to UTXO-Based DAG

In the future, AVA’s Platform Chain (P-Chain) will switch to use a DAG with UTXOs instead of the current linear chain with accounts.

The benefits of using a DAG with UTXOs are that computation is parallelizable, it offers higher throughput, and it is simple to prune to save space.

There are three default chains in AVA, including the Platform Chain (P-Chain), the Exchange Chain (X-Chain), and the Contracts Chain (C-Chain).

The X-Chain already utilizes a DAG and UTXOs. In contrast, the C-Chain is a linear chain with an account-based model which is totally ordered and good for smart contracts.

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Denali Incentivized Testnet Ends in Two Days

The Denali Incentivized Testnet is intended to be the final phase of testing before AVA’s mainnet launch.

Participants can earn up to 2,000 AVA tokens for completing three challenges, which include becoming a validator, participating in a network upgrade, and maintaining an operational node for at least 30% of the testnet duration. The challenges end on June 15, 2020 at 11:59:59 p.m. UTC.

At least 1,037 nodes concurrently staked testnet tokens to be validators in the Denali network. However, staking funds to be a validator does not necessarily mean the validator node is actually up, running, and actively validating. A well connected node had 965 active peers on June 12.

AVA’s main network is scheduled to launch in July 2020.

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Welcome to AVA Report

AVA Report provides news and information about the open-source AVA platform and AVA token.

AVA enables fast and nearly free digital payments anywhere in the world without middlemen or banks.

The AVA token has a limited supply to protect against monetary inflation. No more than 720 million AVA tokens will ever exist.

With the AVA platform, you can also create and trade custom tokens and digital assets, build decentralized apps, and launch custom blockchain networks.

Compared to other protocols, AVA enables higher transaction throughput, faster transaction finality, greater scalability, and better energy efficiency for a greener world.

Join us on the journey into the internet of finance!