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Developed by Ava Labs, Avalanche is a proof-of-stake (POS) blockchain designed to provide a scalable and decentralized environment for digital assets and DeFi apps.
Avalanche is a multichain Layer 1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM), making it easy to create Avalanche smart contracts using Ethereum's popular Solidity programming language.
The network's development was started by a team of computer scientists and researchers led by Dr. Emin Gün Sirer, a prominent academic and computer scientist in the cryptocurrency space.
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