The Avalanche page of Bitcoin Layers is under development.
Bitcoin Layers' focuses its efforts on reviewing protocols that claim to be a bitcoin layer and BTC wrappers that live on alternative chains. Alternative network provide a snapshot into the network architecture, but largely focus on review related to BTC wrappers on the network. If the network is an Ethereum L2, we recommend heading to L2Beat for a deeper dive into the architecture.
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Avalanche
Overview
Status
Mainnet
Type
Alt. Layer 1
Fee Token
AVAX
BTC Supply
₿0
Avalanche is an alternative proof-of-stake blockchain that supports a number of wrapped BTC tokens. It offers an EVM-compatible execution environment which supports more expressive smart contracts. It also supports the interoperable subnet blockchains.
CUSTODY
DATA AVAILABILITY
OPERATORS
FINALITY ASSURANCE
BTC Supply
Total supply per day
Supplycoming soon
TVL Data Coming Soon
We're currently gathering and building data infrastructure for this network. TVL analytics will be available soon.
Token Contracts
Token Contracts Coming Soon
We're working to collect the various BTC-backed token contracts for this network. Contract addresses will be available soon.
Risk Summary
All BTC pegs have custodian trust assumptions
All BTC backing wrapped tokens on this network are ultimately secured by custodians. Users trust that these custodians will not misappropriate funds and keep their assets pegged 1:1. Each custodian has their own risks. Learn more in the trust assumptions review section.
The network is an alternative blockchain
The network is an alternative blockchain. Users trust the economic security of the network to deter validators from censorship and creating malicious peg outs.
Partial Review Available
This project is currently undergoing a partial review. The sections above are available, but the full technical review including trust assumptions and detailed analysis are still in progress.
Complete technical analysis will be added once our review is complete.