Actively Validated Services built on top of Eigenlayer launched alongside Eigenlayer mainnet on April 9th, 2024.
Before Eigenlayer launched, AVSs were applications that utilized decentralized, independent consensus mechanisms to validate transactions. Eigenlayer changed this by allowing AVSs to tap into Ethereum’s validator pool instead of relying on their own consensus mechanisms.
This allows AVSs to utilize the security of the Ethereum consensus mechanism at an afford
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