When Ethereum Network launched its deposit agreement and embarked on a proof-of-stake (PoS) -based sens reduction, critics suspected it was going to generate enough interest to lock the required 500,000 ETH. At the time of writing, 7 billion ETH or $ 25 billion has been sent to this address.
This proves once again that there is a high demand from stackers to access products capable of yielding returns on their investment. Aventus Network has recognized this as a customized Level-2 scaling solution for creating Ethereum and other blockchains for faster and lower cost transactions.
The protocol works with a PoS-based layer; A native token called AVT, and a stacking mechanism through the Aventus Validator program. This allows users to quickly access transactions and rewards to keep their funds in protocol.
We sat down with their team to discuss the relevance of POS stacking for investors, the role that Etherium’s future Avanti network could play, and the potential of its stacking program to provide users with an readily available and high-quality product. It was to tell them.
Question: For those unfamiliar with the Aventus network, its features and capabilities, can you tell us more about our protocol? How can people benefit from using it?
A: What started out as a blockchain-based ticketing solution to tackling ticket fraud has been expanded by the need to work with publicly listed companies such as Live Nation. It has become a customizable Layer-2 blockchain network that allows businesses and DAPs to process transactions in Ethereum and other chains, at 100x scale and at 1% cost.
Everyone knows that Ethereum fees are the highest ever and scalability is limited to just 13 transactions per second. That’s not enough.
The Aventus Network is a Layer-2 solution that brings the scale and privacy of an approved blockchain and has no flaws in the security and interoperability of public blockchains.
What’s more, as many Ethereum competitors exist, as well as other private / licensed networks, built using Aventus substrate, which makes it easy to parachute and benefits from full Polkdot interoperability – enabling Enterprise Layer-2 scale across the chain.
From ticketing Live Nation France to reports like Blackberg and video game content platforms-Fruitlab, Aventus has built a thorn in the side of Polcadt’s solution to real-world problems, building strong relationships with ambitious, high-growth businesses such as the Cash Cashback program. .
Now, significant updates to the Aventus network platform architecture will facilitate new NFT partnerships that will reshape and reshape the market.
Manufacturers can now mint NFTs on the Aventus network mainnet for a fraction of the cost of any other blockchain network. Aventus NFTs are fully compatible with Ethereum NFTs, and therefore can be moved seamlessly from one blockchain to another.
What’s more, unlike other NFT blockchains, Aventus Blockchain’s NFT-Manager palette is designed to support royalties and is built directly into the blockchain. This ensures that the manufacturers who should receive the royalty have a proven claim on their royalties through an unalterable account.
Question: The Aventus network leverages a proof-of-stack-based level, what are its advantages when compared to other networks, especially those supported by the proof-of-work sensory algorithm? Do you believe there is an improvement in network power consumption and security?
A: According to the Cambridge Center for Alternative Finance, bitcoin mining consumes more energy than Argentina.
However, comparing bitcoin mining to all other blockchains is like comparing the pollution of oil refineries to garden centers.
Bitcoin uses a highly efficient but energy-intensive proof-of-work (PoW) sens reduction process. PoW is a decentralized sensory process that requires network members to put a lot of effort into solving random mathematical puzzles to maintain network security. This requires a lot of energy which increases as more mines are added to the network.
Other blockchains, such as the Aventus Network, use the Proof-of-Stack (PoS) sensing mechanism to secure the network by aligning the incentives of network participants through complex economic game theory.
This means that malicious actors become economically isolated from unethical behavior because they need to own and share at least 51% of the network’s stacked coins or tokens to ensure their illegal transactions.
By doing this, other network nodes are still able to easily detect such malicious behavior and the bad actors seize their entire portion.
When the market cap of a project ranges from a few billion to several billion dollars, it becomes economic suicide to damage the network.
Excluding the PoW sensation, PoS blockchains use a fraction of the energy compared to Bitcoin, reducing energy consumption by more than 99%.
In this sense, POS blockchain networks can be a significant leap forward even for businesses related to green certification when it comes to the aforementioned uses.
Question: How does the Aventus Validator program work? It requires AVT participation, if so, how can users access the token?
A: Using the Proof-of-Stack Node Validator model, the Aventus Network Validators share their fees from each transaction processed in the node where they take their AVT part.
The network relies on AVT holders as verifiers who process transactions for a fee. The Aventus network will launch with 10 nodes, each with an equal chance of selection (i.e. 10% probability) to process the transaction.
Each node will receive a fee associated with the processed transaction of 0.0 0.01 per current transaction. And each node will have a total of 250,000 AVT parts.
The validator transaction fee reward is paid in proportion to the amount of AVT that a validator associates with a node. For example, if a holder owns 25,000 of the 250,000 AVT of a node, they will receive 10% of all transaction fee rewards from that node.
Verifiers will be able to withdraw a proportional portion of the transaction fee associated with their node on a monthly basis.
Verifiers will be able to submit any amount of AVT to 10 nodes using the provided Ethereum Smart Agreement. Smart contracts have an independent third party security audit.
The validator registration program is currently 80% full and will close immediately at 100%.
Users can purchase $ AVT from Uniswap, Mercatox, or HitBTC and register now to share at https://www.aventus.io/ecosystem/.
You can find step-by-step instructions on how to participate at https://medium.com/aventus/the-step-by-step-guide-to-the-aventus-validator-staking-program-e3ccf4b47c8e.
Question: What are the requirements to become an Aventus Network Validator and why would users share their funds with AVT as opposed to a separate stacking program? For example, why not use ETH and lock in an ETH 2.0 deposit agreement for a reward?
A: There are many stacking programs, such as ETH 2.0 deposit contracts, for example, as Aventus Stalker Blake said, ” I am very happy with this earning, you will not see anything like this earning rate in a bank. The annual profit rate is currently 11.60%.
Earnings are also equal or better than earnings platforms like cryptocurrency / nexo etc.
In addition to all this, these earned prizes are not deducting your original holdings because Aventus has a certain supply.
Lots of rewards along with other projects can give a much higher earning rate but in reality you are not really earning anything because these fine rewards are adding more token minting and total token delivery. So if you look at a 100% APY with a project that pays the mint for a stock award, basically after a year if you don’t participate you will be 50% thinner. If you share for the whole year, you will not be effectively thin because the 100% APY you earn will withstand the decline so you will gain 0 and lose 0. “
Users can choose the token and stacking program of their choice and choose to bring variety among many.
Question: Since its launch, the Aventus Network has partnered with key players in the crypto space, can you provide more details on new collaborations on protocols and how it affects the Aventus stacking program and its incentives?
A: That’s right, we’ve partnered with many big companies like Live Nation France and made a deal to process 58m transactions on the network.
Each new partnership adds to the amount of transactions and, naturally, the transaction fees paid to the verifiers in the stacking program.
We have several exciting new partnerships coming up in the NFT space and as a network we aim to reach one billion transactions in the next few years – which means a lot of fees for stackers.
What’s more, as a new partner on the ship, they need to own those AVT tokens to process their transactions, which is exciting for anyone stuck in AVN nodes.
Question: Given the current economic outlook for inflation, as CPI recently surpassed 5.3% per US Department of Labor from August 2020, how important is it for investors and the public to have access to products capable of providing returns, such as the Aventus Validator program?
A: Inflation wipes out savings. To deal with this and protect one’s assets, one needs to earn at a rate that matches or exceeds inflation through investment and income programs.
Blockchain projects like Aventus make such programs accessible to almost everyone with some money and an internet connection.
Question: Currently, Ethereum has high transaction fees, and many alternative blockchains are emerging behind network congestion. In this context, are Aventus networks and Layer-2 scaling solutions a central part of Ethereum’s survival? Or do you believe that the future of public blockchain is interoperable with many interconnected blockchains that offer many uses?
A: As with email service providers, so will blockchain. Gmail users can send emails to Hotmail users, Yahoo users.
Currently, inte ope functionality and scalability are major concerns in blockchain space. Multiple blockchains encourage fair competition – a great advantage of decentralization versus centralization where no one has complete control.
Ethereum, without improving scalability, will suffer from current demand and subsequent gas fees until it bleeds users into other blockchains and loses its reputation as a network of choice for blockchain building.
Layer-2 solutions, such as the Aventus Network, help solve both of these problems by improving the scale, reducing fees, and advancing towards inter-operability.