The Aventus Network takes over from the former release — the Aventus Protocol — and is the first step towards the full rollout of the AvN. The full three-stage rollout is described in the terms and conditions of the Validator Registration Program.
AVT holders have the opportunity to act as transaction validators for any of 10 AvN nodes. In exchange, the Validator Smart Contract (Ethereum validator registration smart contract) will let validators withdraw their proportional share of transaction fees earned on a monthly basis.
The first 8.5m transactions are all being on boarded at $0.01 per transaction paid in AVT as fees with another 10m historic transactions and live transactions going through the network with various fees associated.
AVT validator registration is now open. It’s quick and easy. To become a validator, simply fill out the short form below and follow the ‘How To’ guide.
IMPORTANT: Terms and conditions apply. AVT sent to the smart contract with invalid registration data may be unrecoverable.
The Aventus Network (AvN) is public and transparent which means that anyone can observe the traffic — just like they can with Ethereum or Bitcoin. To explore the latest transactions, associated fees, and validators, simply use Block Explorer.
The Aventus Foundation financed the development of the Aventus Network. Once the network is fully rolled out, it will be wholly governed by the Aventus community through the community governance platform, providing Aventus Token (AVT) holders with full control over major decisions about the network.
In future, all decisions about parameters, chain configuration and upgrades related to the Aventus Network (AvN) and AVT will be decided by a binding community vote of AVT holders.
The voting system is being rolled out using the framework via snapshot.page – a popular off-chain, gasless, multi-governance community polling dashboard. Any AVT holder can participate in voting, with each held token equating to a single vote. AVT holders who are part of the Validator Schemecan also participate, receiving two votes for each AVT staked.
There are 10 million AVT in circulating supply, with 2.5 million of these staked on the Network currently.
The Aventus Gateway API enables businesses and enterprises to build blockchain applications and run live transactions on the Aventus Network (AvN) with ease. With the Gateway API, businesses that build their applications on the Aventus Network will benefit from the speed, scalability and cost-efficiency of the AvN framework, which is also fully interoperable with other blockchain ecosystems.
Aventus Improvement Proposals (AIPs) describe the standards for the Aventus Ecosystem, including core protocol specifications and processes. These AIPs are technical communication processed off-chain and recognised formally. This is not a substitute for the governance process, but it is a collection of sound and forward-thinking solutions and functionalities for the network. However, they do not represent a commitment of any form towards existing projects.