The Ava Labs Platform is set to release the Ava Blockchain very soon. CEO Emin Gün Sirer comments on the news and the consensus protocol.
The AVA platform enables the deployment of new subnetworks for the issuance, trading, and settlement of digital assets.
The platform Ava Labs announced they are launching a PoS Blockchain Ava very soon.
CEO Emin Gün Sirer, comments:
“[Ava] is almost feature-complete with [its own] codebase. We’re hoping to go public with a testnet soon, within the next month and mainnet sometime between December and February.”
The new Blockchain is said to be coded in a way that different subnetworks allow support of multiple decentralized applications build on it.
The Chief Protocol Architect of Ava Labs, Kevin Sekniqi, states:
“Part of the interesting aspect of the Ava platform is that it gives you a very modular infrastructure for developing any kind of functionality you want. When you launch a chain on Ava, you get this blank state where you can import any additional functionality like the Ethereum virtual machine.”
The development of such independent Blockchain worlds can be made reliable when it comes to any laws, removing data insufficiency and any privacy rules and regulations. This flexibility can be revolutionary to the Blockchain industry and it makes Ava different than any other network.
The Avalanche consensus
The protocol used within the ecosystem is the Avalanche consensus which is the solution to all problems other protocols have had in the past. Avalanche has high performance and it can scale millions of participants.
Sirer elaborates on the news:
“All of these PoS protocols that have been proposed today rely on the same foundation and that foundation has been poorly specified. It has many shortcomings compared to what PoW gives you out of the box.”
The platform also has an AVA token which can be used both for exchange in the ecosystem and a security tool in the network.
You can check out the interview with Emin Gün Sirer by CoinDesk here: