What is Avail? Avail is a project focused on developing infrastructure to solve the problem of Data Availability. Provides a new solution for Rollup or Layer 1 chains that are facing limited scalability. The project was developed by people who used to work at Polygon.
So what is Avail? Let’s find out in this article!
To understand more about Avail and the RaaS segment, you can read the articles below:
- What is Espresso Systems? Espresso Systems Cryptocurrency Overview
- What is Dymension? Dymension Cryptocurrency Overview
- What is Celestia (TIA)? Celestia Cryptocurrency Overview
Avail Overview
What is Avail?
Avail is a Modular Blockchain that focuses on developing infrastructure to solve the problem of Data Availability. In theory, Layer 1 or Layer 2 Blockchains can use Data Availability and Sequencer of the Avail network. But really the project supports and is compatible with the Layer 2 Rollup.
Avail is a powerful base layer designed to meet the needs of projects that extend Validium and Sovereign Rollups. Avail’s strength lies in its innovative security approach, allowing Light Client Nodes to easily verify data availability. Thanks to that, the Avail network can also expand to up to 1 thousand Validators.
Avail’s modular approach simplifies Blockchain integration for developers as they no longer need to worry about validators or token systems. With Avail’s excellent data availability interface and strong security capabilities, developers can create Fraud Proof or Zero-Knowledge Based Blockchain applications. with high efficiency.
Mechanism of action
Avail is designed after Blob Storage in Web 2. Blob Storage is a type of cloud storage optimized for storing large amounts of unstructured data. A “blob”, short for Binary Large Object, is a block of data in binary form that does not necessarily conform to any file format. Blob storage stores these data blocks in storage areas.
Blob Storage is highly scalable and cost-effective, making it ideal for storing many types of data. Especially the ability to consensus and retrieve data very quickly. Helps Rollups increase scalability at a very cheap fee.
The working mechanism of the Avail network is described below:
- Avail will take a data blob from Validium or Sovereign Rollup and attach the application ID. This makes indexing data in Avail much simpler than traditional L1 because all transaction data is tied to an application ID.
- Avail then extends the data blob through erasure coding to add redundancy to the data and make it harder for nodes to intercept the data.
- Next, Avail commits the data through KZG polynomial commits to ensure the data is coherent in the Avail block header.
- Blocks are then proposed and distributed to a decentralized network of validators to reach consensus and include the next block in the blockchain.
- Because Avail uses Validity Proof instead of fraud proof, Light Client can ensure state accuracy and data availability immediately upon completion without having to wait for challenging part.
Development Roadmap
Update…
Core Team
Anurag Arjun: Founder
- In 2006, he graduated with a Bachelor’s degree in Computer Engineering from Nirma Institute Of Technology.
- After graduating, Anurag Arjun joined Cognizant Technology Solutions as a Programmer Analyst.
- In 2008, Anurag Arjun moved to become Product Manager at Dexter Consultancy.
- In 2017, he first participated in founding Polygon Technology, a large Blockchain project in the market. Polygon Technology develops Polygon PoS, Polygon zkEVM,…
- Currently, he is the founder of Avail, a DA infrastructure development project for Rollups. And from his background as a founder of Polygon, he attracted many developers from there to develop Avail.
Prabal Banerjee: Co-Founder
- In 2014, Prabal graduated from College with a major in Computer Science in St. Xavier’s College, Kolkata. He then went on to complete a 3-year Master’s program at Chennai Mathematical Institute. But without using it there, he continued to study and graduated with a PhD in security and cryptography at the Indian Statistical Institute, Kolkata in 2021.
- Since he was a student, he has been passionate about researching Blockchain, so when participating in internships he chose companies in this field and then started working in this field from the beginning.
- After graduating with his PhD, he began working at the Indian Statistical Institute, the same school he had just graduated from. Here he continued his research path.
- By 2020, he officially became a Researcher of Polygon Network. Now it’s Layer 1 Polygon PoS.
- In mid-2023, he quit his job at Polygon and joined the founding of Avail with Anurag Arjun.
Dan Mills: Head of Product
- In 2000, Dan graduated with a Bachelor’s degree in Computer Science from Duke University.
- After graduating, he worked for large traditional companies such as Ximian, Novell,
Mozilla Corporation,… - Continuing was the time when he founded Startups such as 56 degrees and Tinker Kitchen.
- In 2020, he officially worked for the first Blockchain-related company called Square as a Product Manager.
- In 2022, Dan Mills became Product Manager at Polygon Technology. But then left and became Head of Product at The Avail Project until now.
Investor
Update…
Tokenomics
Update…
Exchanges
Update…
Avail Information Channel
- Website: https://www.availproject.org/
- Twitter: https://twitter.com/AvailProject
- Blog:
Summary
Avail was born to focus on solving the DA layer for Rollup chains with the most advanced technology. In particular, the project was developed by people who contributed to Polygon, one of the Polygon team has moved to develop Avail. This shows the enormous potential of the project and the services it is providing.
So I have clarified what Avail is? Avail cryptocurrency overview. Hope this online article gives you a lot of useful information!
