HomeCoinsAventus (AVT)Aventus Bi-Weekly Update (Sept 14 — Sept 27) | by Aventus Network...

Aventus Bi-Weekly Update (Sept 14 — Sept 27) | by Aventus Network | Aventus | Sep, 2021

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Aventus Bi Weekly Update Sept 14 — Sept 27 by

Inside you’ll also find:

  • A new “Meet The team” series coming this Friday in place of the AMAs
  • News of CCO Anna Frankowska judging an Imperial College London competition with Algorand on Decentralised Apps
  • How the Aventus Network works from an infrastructural perspective
  • A video of Emmanuel’s panel on NFTs & the future of gaming
  • TWO news influencer videos on the Aventus Staking Program

Given the AvN’s new functionality, we are incredibly excited to announce that we have officially minted our first NFT.

  1. @infoo89
  2. And @Govlokk1

Aventus Layer-1

Aventus is a layer-2 scalability solution for the Ethereum blockchain. To achieve this, Solidity contracts have to be in place to act as our bridging interface with Ethereum itself. The current architecture uses 4 smart contracts — AvnFTScalingManager, AvnFTTreasury, AvnStorage, AvnValidator manager. The diagram below shows how each smart contract

Aventus Layer-2

The Aventus blockchain is a general purpose blockchain built on Substrate. The blockchain is a type of distributed ledger technology that groups transactions into blocks in such a way that the cryptographic ID of the block is a result of each transaction in the block, and the chronological order of the blocks are cryptographically verifiable. While there are other types of Distributed Ledger Technologies known to use blocks, some types such as DAG create a direct history of transactions without blocks. While the non-use of blocks might seem energy-saving under the Nakamoto consensus and other energy-consuming consensus algorithms, it does not provide a linear global view of the ledger that can be used as a single source of truth.

You can stay updated with Aventus and the press, join the Aventus Telegram group and follow us on Twitter.





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