AVAV 101: Why it’s Different and a Game Changer

The time when standard blockchain tech could cater to every market need is almost over. Currently, the tech is primarily used for data storage and sharing alongside virtual payments. There is no denying that it offers numerous perks, but as its user base is growing, the community finds aspects where the system lacks.

The most notable area the current blockchain needs work on is interoperability. Although scalability and transaction costs are also viable contenders — without interoperability, blockchain tech will not yield optimal results.

There can be only so many networks the community will use until it demands a one-stop solution. This is the reason why we present the ultimate solution that addresses all prevalent issues in the current blockchain system.

AVAV is a next-gen crosschain ecosystem with the inherent capability to facilitate blockchain interoperability. With tools such as Tendermint engine, ABCI, Light Client, PoST, and Chainlink backing the platform, AVAV is set to revolutionize the blockchain sector.

Here you will learn everything you need to know about AVAV — the crosschain phenomenon. Discover its offerings, functions, how it will affect the blockchain Meta, and much more when you continue reading the rest of the article below.

What is AVAV?

AVAV is a multi-chain interoperable network that connects multiple blockchains to share data and facilitate transactions. The network boasts Tendermint engine within its engine and consensus protocol, constructing an efficient and secure framework. ABCI (Application BlockChain Interface) will leverage the structure to enhance the security proceedings.

The protocol will use the lightning network to minimize transaction time and fees. To put such tools to optimal use, AVAV will use the Hub and Zone approach: the AVAV Hub will act as the control tower, while the Zones serve as standalone blockchain networks. Both the Hub and Zones will interact, share data, and keep track of each other’s status.

All these functionalities will be provided without a third-party or centralized authority’s interference. Therefore, AVAV will keep the concurrent benefits of the blockchain tech while adding a layer of advanced benefits for users.

AVAV’s Use Cases: How Will It Benefit the Community?

AVAV can cater to multiple sectors — financial, banking, DeFi, crypto, and gaming, to name a few. But what role will it play in the modern blockchain society?

Offering Blockchain Interoperability

AVAV will offer a collaborative ecosystem where any blockchain network can interact, share data, and conduct transactions with other networks. Since the data will flow within the blockchain network, its safety, transparency, and accuracy remain intact.

Establishing a Data Transfer System

Data is the cornerstone of every digital activity, and AVAV will enhance its flow via its seamless network. As the platform will connect multiple blockchains, users, businesses, and even networks can securely share data across the crosschain. It will develop a community that thrives through data and value sharing.

DEX and Quick Token Transfer

With cryptocurrencies surging globally, AVAV will allow traders to store and exchange tokens without using other exchanges. It will provide a decentralized exchange where users can trade crypto while also allowing quick token transfer between networks.

Cross-Chain NFT Solutions

The idea of tokenizing assets is not novel, but platforms that facilitate reliable NFT solutions are limited. Thus, AVAV will also proffer NFT solutions, allowing users to tokenize anything with a user base. It may be real-life assets, in-game rewards, art, music, or virtual items; with AVAV, you can create a completely new niche.

Gaming

Blockchain-based games are already gathering a global audience, with Esports already working towards its pinnacle. AVAV will support the development and deployment of blockchain-based games while also allowing companies to integrate in-game currencies using crypto and purchase in-game assets with real-life value.

Insurance

The consensus that insurance claims involve a lengthy process is dated as the use of blockchain tech assists the industry in keeping better track of every required data. AVAV will also leverage the concept and help the sector via smart contracts and data storage services. It will help insurance firms make quick settlements as they can easily cross-check the data. Moreover, the platform will provide insurance digital assets and crypto funds in the digital sector. From trading to NFTs, we can provide insurance via AVAV for any online situation.

DeFi Lending and Borrowing

Decentralized Finance or DeFi is the future of the financial sector as it allows users to acquire funds with limited risks. AVAV will render lending pools where both lenders and borrowers can interact securely. The entire process will be backed by a P2P approach and smart contracts to facilitate utmost security.

Stablecoins and Synthetic Assets

AVAV’s services will span across regulated monetary tools like stablecoins as well. These digital assets are pegged to real-life assets, making them non-volatile and regulated. Thus, they face minimal market fluctuations, offering a reliable revenue source. AVAV will support stablecoin development and trading — bridging the gap between fiat and crypto traders.

Additionally, synthetics assets will also be compatible with AVAV. They are financial tools that simulate other assets’ payoff, and users can trade them on AVAV. This will facilitate cross-border payments through any exchange, helping the network expand its functionalities.

How Can You Earn with AVAV?

AVAV will offer an abundance of earning prospects to users. The primary alternatives will include earning interest by staking on AVAV and earning profit by trading tokens.

AVAV will shortly release its native token, which can be staked to earn interest. The token will also allow businesses to develop on AVAV. The door of opportunities proliferates when it comes to NFT development. As already stated, users can easily tokenize any asset with an audience on AVAV. The scope of profit is unlimited as users can sell the assets at the desired price.

What Are We Doing Differently?

For starters, AVAV is presenting a multichain interoperable network with tools like ABCI, Tendermint, PoST, and Chainlink backing it up. Moreover, we will deliver value by digitizing art, virtual items, music, real estate, or even in-game rewards.

AVAV has established the ideal balance between numerous globally available tech; which have only been partially utilised until now. Supporting blockchain-based games development and facilitating insurance support is also part of AVAV’s novel approach.

Moreover, AVAV will develop an ESG (Environmental, Social, and Governance) criteria for users to assess the platform and make viable investments. The number of use cases is certain to surge as AVAV will keep up with every market modification comprehensively.

Closing Thoughts

AVAV is an upcoming crosschain network that aims to create an interconnected web of blockchains. The platform is backed by several esteemed tools and technologies which have been utilised optimally to serve its purpose. With it, AVAV offers multiple use-cases and earning opportunities users can look forward to, discover, and experience.