The highly secure and decentralised nature of blockchain technology makes it an attractive prospect for financial projects. Historically, this has compromised transaction speed and scalability, with Ethereum and Blockchain speeds barely breaking into double digits per second.
Ava Labs’ open-source platform, Avalanche, enables companies to launch decentralised applications with all the benefits of blockchain, whilst processing a record-smashing 4,500 transactions per second. The company's strategy has been to tailor its blockchain to specific applications, establishing a reputation in the sector through efficient hard-and-fast use cases with low fees. This has allowed it to operate alongside blockchain giants like Ethereum that hold large amounts of the DeFi market.
In answering the strong appetite for a cheaper and more scalable blockchain consensus, Ava Labs has found a keen audience and secured the ability to pursue its goal of opening the space up to more users. The Avalanche platform has become the first to partner with Amazon Web Services, becoming part of a project to bring blockchain technology to government and enterprises. The company also partnered with digital identity verification provider Blockpass to collaborate towards furthering the safety, security and capabilities of the ecosystem.
Freddie
Company Specialist at Welcome to the Jungle
