In my previous articles, I mentioned blockchain technology and the everyday problems that arise during the use of this technology. Of course, these problems known to many projects. Various have been put forward for the solving. Approaches and solutions to existing issues at this point differentiate projects. This difference is significant enough to affect the success and future of the project.
Cornell University computer science professor Emin Gun Sirer, the founder of the Ava Network project, has research on blockchain technology. And he is not shy about openly sharing his views and warnings on this issue via social media.
According to Mr. Emin Gun Sirer, the first project built on Blockchain Is Bitcoin, and more important than other projects is blockchain technology itself. The important thing is to contribute to blockchain technology and to solve the problems facing the use of this technology. Because shortly, we will have computers hundreds of times faster than we have today. We have an information network with trillions of data transfers. We will have created an extensive system of common knowledge that everyone can use and contribute. Comfortable, safe use of this network will be possible by finding new solutions technologically.
According to Emin Gun Sirer, in the future, blockchain technology and economic activities around the world will be intertwined. Traditional assets, real estate, and securities will have to be tokenized. All precious papers, dollars, and price coins will have a representation in the Blockchain. Will allow for vast volumes of transactions. Therefore, a secure and fast network is needed to remove these operations. Ava Network is designed to meet this need.
Bitcoin, the first developed Blockchain project, said: possible that we could issue a whole new currency instead of price money. We can set up a currency that holds value on its own, and it is possible for people to send it to each other from the internet he revealed with the promise. It is a remarkable, excellent vision, but fifteen years have passed, and it hasn't happened. On the other hand, Bitcoin's claim to be decentralized is overshadowed by the fact that 19 mining companies are now in control of operations.
In Ethereum, another important project, the situation is not better. An attack of only two pools is enough to control 51% in Ethereum.
Avalance is a protocol developed for mass use, where fast and secure operations can be performed. The Ava network has been developed to integrate with all securities and gold in the future. The basic properties of the system can be listed as follows::
- Low fees and rapidly resulting transactions: the realization of operations at very high speeds will allow a vast number of transactions. Is This means a significant reduction in transaction costs?
- High processing speed: between 1000 and 10000 processing speed. 6500 were tested at the NewYork Bitcoin event. Is the means a very superior speed.
- Minimum energy consumption: Bitcoin needs as much energy as a country can spend to make mining. It is both global warming and damaging to the environment.
- Egalitarian understanding among nodes: Avalance has set aside the understanding of leadership among nodes. Since there is no leader, all nodes are in an equal position. Because there is no mining, there are no mining pools that would lead to centralization.
- Built as resistant to Byzantine attacks: up to 50% of the nodes are malevolent nod state is made to be durable.
The Ava Network project was founded by the fact that blockchain technology will play a crucial role in the world's future. It is aware that all assets will be tokenized wherever they are in the future and that this situation requires high-speed, reliable solutions. He built his platform with this condition. It is planned to work together with different chains. If a blockchain project is on an Ethereum or Eos network, there will be no harm in working on the system. It is even designed to allow different chains to build their ecosystems and operate on the net. As a result, Ava Network is one of the projects that interpret the best both in scope and vision. The project supports the mass expansion of blockchain technology and aims to contribute to this technology in the form of speed, security, user-friendly applications.
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