About AVA Network

simonx (35)in #ava • 4 years ago

Ava Network's look at the current blockchain world

In my first two articles, I pointed out the glitches that occur during the use of blockchain technology and the drawbacks that these situations create. If these problems continue, progress and widespread use of blockchain technology will not be possible. It is essential that important issues such as security, speed, and interoperability are dealt with radically and resolved.
At this point, Mr. Ava Labs CEO and Cornell University professor. Knowing that Emin Gun Sirer designed the first PoW crypto protocol in 2003, 5 years before Bitcoin appeared, it gives confidence that the project was created by a team that knows how much work.
According to Emin Gun Sirer, more than 5000 cryptocurrencies are traded worldwide, with a market value exceeding $ 250 billion. He believes 95% of that money is rubbish. Because the vast majority of cryptocurrencies come out as payment methods." There's nothing wrong with wanting to be a payment method, but Bitcoin did it first," said Sirer, who believes it's not very right to insist on behaving in the same way. Instead of creating a technology that would change the World, Satoshi is repeating the same model that was invented. People like Justin Sun are going around like they have something, and they're recycling something that belongs to someone else.

AVA Network project's vision and vision for the future

At this point, it would be appropriate to talk about the solutions to the Ava Network project from the problems and to introduce the project. Ava Network is an open-source platform that was launched by Emin Gun Sirer in 2019. It is a premium layer protocol developed for enterprise blockchain solutions and DeFi applications. Kevin Sekniqi, one of the project's co-founders, describes the project as 'the Internet of the blockchain.' This definition is critical because it sets out the purpose and vision of the project—the founder of the project, Ava Labs CEO and Cornell University professor. 'What we want to do with the Ava project is not to rival the dollar or Bitcoin, we don't want to build it on the new computer like Ethereum, " said of Emin Gun Sirer's project. Our main goal is to move the financial instruments currently on the balance sheets of companies that are difficult to change hands on blockchain and facilitate the transfer of the whole world' assessment also reveals the project's view and purpose to the world.

AVA Network Solutions

It would not be wrong to describe the Ava network as a blockchain ecosystem. When trying to explain an ecosystem, we define it as the environment that provides all the necessary conditions. Considering the Ava project in terms of its scope and what it wants to do, it would not be an exaggerated statement to find it as a platform for platforms. 'I believe that the project will have an essential place in the future, both by staying true to the spirit of the blockchain and by dazzling with DeFi solutions. I want to examine why this would be the case in another study.