🟢Welcome to Avenium Documents

Avenium Blockchain is a Layer 1 blockchain platform designed to offer fast, secure, and efficient solutions for various decentralized applications (dApps). Utilizing Proof of Authority (PoA) consensus and based on the Ethereum Virtual Machine (EVM), Avenium aims to deliver high performance with low transaction costs.

Technical Specifications

• Project Name: Avenium Blockchain Layer 1

• Consensus: Proof of Authority (PoA)

• Layer: Layer 1

• EVM Compatibility: Yes

• Native Coin: Ave Coin (AVE)

• Throughput (TPS): 8000 TPS

• Programming Languages: Solidity & Vyper

• Transaction Fee: 0.001 AVE COIN

• Transaction Time: 3-5 seconds

• Nodes per Shard: 130

• Latency: 1 second

• Archived Node: Yes

Key Components

Proof of Authority (PoA) Consensus

PoA leverages known and trusted validators to produce blocks, ensuring a balance between decentralization and efficiency. Validators are selected based on reputation and community approval, making the network more energy-efficient compared to Proof of Work (PoW) systems.

EVM-Based

Avenium is fully compatible with Ethereum's Virtual Machine, supporting smart contracts written in Solidity and Vyper. This compatibility allows developers to use familiar tools like Remix, Truffle, and MetaMask, making it easy to migrate or build dApps on Avenium.

Ave Coin

Ave Coin (AVE) is the native cryptocurrency of the Avenium Blockchain. It is used for transaction fees and incentivizing validators.

Performance and Scalability

With a transaction throughput of 8000 TPS and finality within 3-5 seconds, Avenium offers high performance and low latency. Its sharding architecture, with 130 nodes per shard, ensures scalability and efficient distribution of data and workload.

Archived Nodes

Archived nodes store the complete transaction history, ensuring transparency, auditability, and the ability to verify past transactions.