Aventus is an enterprise-grade carbon neutral blockchain that marries the scale of a permissioned blockchain with the security and interoperability of public blockchains — with none of the drawbacks of either world.
Founded in 2016, Aventus makes building on
Polkadot, Ethereum and beyond accessible for businesses and decentralised
platforms, bringing interoperability, scalability and sustainability to
Ethereum transactions. In its first year of operation, the Aventus Network has
onboarded over 20 million transactions for business clients across 2 million wallets.
Aventus’ mission is to
enable companies in any ecosystem to capitalise on a vast series of use cases –
including NFTs, video games, loyalty schemes, event ticketing, supply chain
provenance, and cargo management – via enterprise-grade modular architecture and
future-proof themselves via blockchain interoperability.
Benefits of Aventus:
- Interoperable: Aventus is currently a layer 2 on Ethereum and moving towards being a parachain on Polkadot. This will allow communication across all parachains in the Dotsama universe. We are also expanding to further major layer 1 blockchains, realising the true value of a fully connected Internet of Blockchains to achieve the maximum network effect.
- Scalable/Efficient: The Aventus Network can scale to 2,000+ transactions per second per parachain, and process a token transfer within 0.13 seconds at an average cost of $0.01 per transaction – 100x the speed and at 1% of the cost of Ethereum – with no volatility on price.
- Enterprise-grade: Building on the Aventus Network is a simple process: it allows companies in any ecosystem to capitalise on a vast series of use cases through enterprise-grade modular architecture. We have onboarded over 20 million transactions with 8 million active wallets for our business clients in the first year of operation. The Gateway API allows businesses to pay transaction fees on behalf of their users, performs load balancing, and offers a simple API.
- Sustainable: In the first year of operation, the Aventus Network’s power usage was about 0.001 kWh per transaction (which we expect to further reduce with future optimisations) – compared to Bitcoin’s energy consumption of 1,173 kWh per transaction. Aventus is also fully carbon neutral.