The need for more scalability and high transaction throughput is definitely growing. AVA Labs knows this and focuses on providing a dynamic smart contract platform that removes the need for forks using a community consensus system for upgrades.
AVA (
www.avalabs.org) is a truly decentralized platform that allows users to vote and impact the network while providing developers with high transaction speed and scalability.
The Avalanche consensus mechanism was published in mid-2018 and was implemented by AVA labs. This new consensus mechanism aims to create a network without any leader as all nodes have equal status here.
AVA has been able to demonstrate more than 5000 transactions per second with each transaction taking around 1-2 seconds to process and finalize.
