WATCH: Ava Blockchain Founder Plans to Launch in December
The Ava blockchain should launch later this year, said founder Emin Gün Sirer.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/LS5KTZU5ZZBDJNXML4MMZCWQGQ.png)
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
“The sky's the limit in terms of how these subnetworks can be constructed.”
That’s Emin Gün Sirer, CEO of AVA Labs and associate professor at Cornell University. Sirer is talking about his soon-to-be-launched proof-of-stake (PoS) blockchain, Ava.
“[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,” said Sirer.
Ava will be comprised of multiple different “subnetworks” able to be uniquely coded to support different types of decentralized applications (dapps).
“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,” said Kevin Sekniqi, chief protocol architect at Ava Labs. “When you launch a chain on Ava, you get this blank state where you can import any additional functionality like the ethereum virtual machine."
As Sirer suggests, these independent blockchain worlds can be coded to host unique privacy guarantees, be compliant with regional laws, or fulfill specific data storage requirements.
Such flexibility is what differentiates the platform from other blockchains that have come before it.
“[Ava] is top of its class and it’s going to show the world exactly what this [blockchain] space needs,” said Sirer.
While affirming that proof-of-stake was the superior consensus protocol, Sirer added that Ava is in a class of its own.
“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,” said Sirer, adding:
Emin Gün Sirer image via YouTube
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.