The Aventus Network (AvN), a blockchain protocol that makes Ethereum transactions cheaper, faster and more efficient, this week announced the deployment of Block Explorer, an open-source tool that brings greater transparency in terms of activity to its user community.
This powerful new feature acts as a window into the AvN blockchain, enabling users to see all transaction data and blocks as they are created and validated. This means they can watch as transactions are confirmed between accounts, audit user payments, monitor fees spent, and rewards earned for validators.
It’s the latest innovation added to the protocol since it launched Feb. 16, which has already processed more than 1.8 million transactions. Aventus Token (AVT) holders who joined the validator registration scheme on Feb. 2 have earned a total of 32,000 AVT for staking their tokens on the network, the equivalent of $0.01 for each transaction processed.
With Block Explorer anyone can visit the Aventus website to see a high-level view of network activity or dig deep and perform granular searches on specific addresses or transaction hashes,” Aventus cofounder and CEO Alan Vey said. “It’s the next step in our quest to deliver the most transparent experience to ensure AvN users can get the most out of blockchain.”
Aventus’ AvN protocol is 133 times quicker than Ethereum, meaning it can scale up to handle considerably more transactions per second, while at the same time, the average transaction cost in less than one per cent of a typical Ethereum fee. Tokens can be processed 100 times faster than Ethereum, and as a layer-two blockchain solution, it combines the best of Ethereum’s highly secure distributed ledger with complete interoperability with future or existing blockchains.
