What is Aventus?

Aventus (AVT) is a layer-2 blockchain protocol that aims to enhance the functionality of Ethereum transactions by addressing scalability issues, high costs, and slow transaction speeds. Built on Substrate, Aventus is designed to be a layer-2 solution not only for Ethereum but also for Polkadot and beyond, with the intention of fostering mass blockchain adoption through cross-chain functionality. It aims to provide enterprises with the scale, speed, and cost-effectiveness they need, while maintaining security across multiple blockchain networks.

How does Aventus work?

Aventus operates by allowing businesses to build on top of the Ethereum network using its second-layer protocol. This approach aims to solve the scalability issues that Ethereum faces due to its limited transaction throughput. The Aventus Network (AvN) can theoretically handle up to 2,000 transactions per second, a capacity higher than Ethereum's. Furthermore, the AvN aims to process a token transfer within 0.13 seconds, a quicker time than the Ethereum blockchain. The average transaction cost on the Aventus Network is intended to start at just $0.01 (paid in AVT) and decrease over time, making it a cost-effective solution for businesses.

What are the potential use cases for Aventus?

Aventus seeks to be a versatile solution with a wide range of potential use cases. It aims to be beneficial in managing financial assets and supply chains, as well as in implementing rewards and loyalty programs. Aventus also strives to play a role in the live entertainment industry and in the creation and management of Non-Fungible Tokens (NFTs). Furthermore, it intends to ensure data integrity and facilitate the development of decentralized applications. By enabling enterprises to integrate with Web3, Aventus seeks to help them generate new revenue streams, improve operational efficiencies, and future-proof their businesses.

What is the history of Aventus?

The history of Aventus is marked by its continuous efforts to address the challenges facing the blockchain community, particularly in terms of interoperability between blockchain networks. Aventus' integration into Polkadot is a step towards making this interoperability a reality. The protocol has undergone extensive testing, with one enterprise reporting an 80% decrease in balance sheet debt after six months of testing on the Aventus Network. Aventus has also been recognized for its potential to bring efficiencies to industries such as airline cargo management. Its commitment to delivering useful, interoperable solutions has received the trust and support of various partners and investors.