What is Avalon faction (Avalon Terminology)
What is Avalon faction? The emergence of Bitcoin has led some investors to think
What is Avalon faction? The emergence of Bitcoin has led some investors to think about blockchain and cryptocurrencies. The most famous of them is the Avalon faction because it has gone through many ups and downs in the development process of Bitcoin. For example, in May 2018, when the price of Bitcoin reached $40,000, it began its own “Avalon faction” activities. The bear market in 2020 has also raised doubts and questioning among many people about this new thing. They believe that blockchain technology itself is a great technological innovation that will change our way of life and reshape people’s quality of life. What is Avalon faction? Why is it called the Avalon faction? The Avalon faction is a new financial system established by several former Bitcoin geeks. These geeks promote a brand new digital era in various ways, and their thinking is often built on a futuristic and decentralized mindset.
According to public information, the current Avalon faction has formed its own style and has appeared globally for a long time. But the situation is different now. At this time, what route will the Avalon faction take? Specifically, they can be divided into several stages: the first stage: early adopters of Bitcoin (mainly from Satoshi Nakamoto), the second stage: miner intrusion (including the mining process), the third stage: black hole project developers (mainly the authors of the Bitcoin whitepaper). The last stage: the mainnet launch of public chains (as shown in the figure): From early 2017 to the end of 2019, the development of the entire industry has shown a certain growth trend and has been constantly expanding—besides Bitcoin, some projects have been launched or are under development, so there will be many projects for iteration and improvement in the future.
Avalon Terminology
According to reports, Avalon’s terminology includes “cryptocurrency, stablecoin,” and “digital currency.” The country stated in a press release issued on Saturday that “Bitcoin (BTC) as legal tender will enable us to provide funding for the economy. Our government will also use these assets to promote financial inclusion and reduce remittance costs.” Additionally, it plans to establish a cross-border payment system together with the World Bank. According to a press release, Avalon is the first country to adopt Bitcoin as legal tender. (news.bitcoin)
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