$AVAX: Amazon Web Services Partners With Avalanche To Deliver ‘Scalable Blockchain Solutions’

On Wednesday (11 January 2023), Ava Labs, the blockchain startup responsible for the research and development of smart contracts platform Avalanche ($AVAX), announced that Amazon would be using their platform to “bring scalable blockchain solutions to enterprises and governments.”

Here is how Binance Academy describes Avalanche:

“Avalanche attempts to improve scalability without compromising speed or decentralization. Three blockchains make up its core platform: the Exchange Chain (X-Chain), Contract Chain (C-Chain), and Platform Chain (P-Chain). The X-Chain is used for creating and trading assets. The C-Chain is for smart contract creation. The P-Chain is for coordinating validators and Subnets.

“One of the protocol’s most important breakthroughs is Avalanche Consensus, a method using repeated sub-sampled voting by validators to make consensus fast and affordable. Avalanche also uses Subnets as a novel method of horizontal scaling, allowing for the creation of customizable, interoperable blockchains. There’s no limit on the number of Subnets possible.“

Avalanche is being developed by Ava Labs, a blockchain startup founded in Brooklyn, New York in 2018 by Professor Emin Gün Sirer (CEO), who does computer science research at Cornell University, Kevin Sekniqi (COO), and Ted Yin (Chief Protocol Architect).

In a blog post published earlier today, Ava Labs said:

“Ava Labs and Amazon Web Services (AWS) have joined forces to accelerate enterprise, institutional, and government adoption of blockchain. AWS supports Avalanche’s infrastructure and dApp ecosystem, including one-click node deployment, through the AWS Marketplace. Critically, Avalanche node operators can run in AWS GovCloud for FedRAMP compliance use cases — a vital capability and a pre-requisite for enterprises and governments.

“Ava Labs is now also a member of the AWS Partner Network (APN), enabling the firm to help customers deploy custom offerings on AWS that are connected to more than 100,000 partners across more than 150 countries.”

Emin Gün Sirer, Founder and CEO of Ava Labs, had this to say:

“It has been a huge boon for both individual and enterprise developers to be able to spin up nodes and test networks on the fly with AWS in whatever legal jurisdiction makes the most sense for them. I’m proud that we’ve implemented a protocol that can accommodate millions of participants with near-instant finality. Our work with Amazon can accelerate the positive impact of Avalanche.“

The blog post also mentioned that “Ava Labs and AWS are collaborating on events for entrepreneurs and developers, such as the Avalanche Summit, Avalanche Creates, and hackathons to help anyone — technical or non-technical — achieve their goals of building on Avalanche.”

This huge announce has helped the $AVAX price to go up over 13% today. Currently (as of 8:57 p.m. UTC on 11 January 2023), $AVAX is trading on Binance around $14.46, up 13.05% vs USD in the past 24-hour period.

Image Credit

Featured Image via Pixabay

Source: Read Full Article