LOGO_CRYPTO_SIGHT

AVA Blockchain Protocol Introduced Framework For A Public Testnet

By Shannon Wilson | April 22, 2020
thecryptosight-portland-state-university-create-blockchain-protocol-to-combat-fake-drugs
Portland State University Create Blockchain Protocol to Combat Fake Drugs

The AVA Labs blockchain protocol – established by Cornell University blockchain expert Emin Gün Sirer – has reportedly introduced the framework for a public testnet – particularly referred to as “the internet of blockchains.

Specifically, a distinctive feature of this framework is “empty framework” – allowing interoperability between AVA and any blockchain networks. 

For example,  an Ethereum fork called Athereum is, at the moment, operating on the AVA engine, that has reportedly fulfilled all expectations for Ethereum 2.0. 

Sekniqi further explained by using the transforming method adopted by the Internet for the flow of data, to compare with AVA’s aspirations to transforming the flow of value, claiming both have similarities. 

“We want to create an open ecosystem where things of value are created and shared and moved around freely. And these things of value can be currencies, can be assets, can be gold, can be whatever it may be, any digital representation of it. It can move around freely in the same way that it moves around the internet, the same way that email moves around.”

AVA reportedly has a higher level of flexibility compared to any other blockchain – enabling users to assign the individual to manage, store and interact with their data, per Sekniqi. 

Charles Hoskinson – co-founder and founder of Ethereum and Cardano – has mentioned AVA among the projects with the most potential. The AVA main net launch is scheduled in July, and “actively staking” is already available on the testnets.

Tags: , ,

Related Articles

Comments