Avail DA launches on mainnet as native AVAIL token goes live

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Avail, a blockchain project aiming to solve rollup fragmentation and improve scalability, has launched its data availability mainnet and native AVAIL token.Avail DA is a modular blockchain solution designed to optimize data availability and help developers build more scalable, cost-efficient and composable chains, according to a statement shared with The Block.The launch of Avail DA sees its native AVAIL token go live. AVAIL is used to pay data availability fees and holders can start staking tokens from Tuesday to help contribute to network security. The AVAIL token will also play a key role in Avail’s governance, with the project adopting a phased approach toward community decision-making, according to its official documents.Limited details are currently available on AVAIL's tokenomics. However, there is a total supply of 10 billion AVAIL tokens, the team told The Block, and, in April, the project unveiled an airdrop of 600 million tokens for eligible participants, claimable once the Avail DA layer went live.Avail is led by Polygon’s former co-founder Anurag Arjun. Avail DA is the first of three parts of Avail’s full-stack architecture, with the project now working toward its next two major releases: interoperability layer Nexus and security network layer Fusion."Avail DA and the introduction of the AVAIL token represent the culmination of years of research and development aimed at addressing the most critical challenges facing web3 today, such as blockchain fragmentation, insufficient data availability and limited scaling,” Arjun said.How Avail worksAvail light clients use validity proofs and data availability sampling to quickly verify data on consumer-grade hardware like mobile phones. This ensures data can be sampled immediately after block finalization. To prevent centralization, Avail uses a Nominated Proof-of-Stake (NPoS) consensus mechanism, which distributes staked tokens evenly among validators. The network aims to start with 1,000 validators and potentially expand to 10,000, according to the team.“By combining KZG commitments with data availability sampling we’re able to provide the blockchain ecosystem with access to advanced data availability infrastructure today,” Avail co-founder Prabal Banerjee said. "With a few lines of code developers can connect any execution environment with Avail DA and they will have a very powerful blockchain.”DA l...

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