CRYPTO SPECIAL REPORT: Avalanche: Building a Novel dApp Protocol for the Internet of Finance

Apr 1, 2021 • 3 Min Read

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Ava Labs is building the Avalanche protocol which expects to deliver the highest performance, most secure, and most energy efficient general-purpose cryptonetwork for highly decentralized applications, novel financial primitives, and new interoperable blockchains. Using its innovative Avalanche consensus mechanism, the protocol hopes to create a new digital crypto-native economy for frictionless real-world and digital asset exchange, composable financial application primitives and derivatives, Web 3.0 privacy-focused data and social applications, and more. Avalanche expects to scale these use cases for global userbases. 

The Avalanche core team consists of seasoned professionals and distributed systems researchers. As the CEO and Founder of Ava Labs, Dr. Emin Gün Sirer is a former professor of computer science and networking systems at Cornell University. He developed Bitcoin-NG, a bitcoin scaling solution, and Bitcoin Covenants, a security solution. To develop the Avalanche protocol, he successfully built a team with experience in institutional finance, private markets, and technology (Slide 3).Avalanche aims to build on earlier breakthroughs to develop a fully internet-native economy. Early crypto...

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