Home Altcoins News Jay Kurahashi-Sofue VP of Marketing on Avalanche (AVAX)

Jay Kurahashi-Sofue VP of Marketing on Avalanche (AVAX)

AVALANCHE

Avalanche (AVAX) is the fastest smart contracts platform as measured by time-to-finality. Amongst many strengths, compatibility with the Ethereum Virtual Machine (EVM) from day 1 has been a catalyst for Avalanche’s growth and is critical towards its mainstream adoption.

What’s the EVM? A computation engine acting as a decentralized computer. All Ethereum nodes run the EVM to maintain consensus. Avalanche also runs the EVM but instead, is powered by faster consensus that enables near-instant tx finality, low fees, and high decentralization.

ELI5: The EVM essentially allows an instance of Ethereum to seamlessly run on top of Avalanche.  Solidity Lang is a smart contract programming language that runs on the EVM and is the most popular language used by smart contract devs. In Dec. 2019, it was estimated that there were 200k Solidity devs. Today, $150B+ in TVL exists on EVM-compatible chains.

Instead of re-inventing popular tech, Avalanche leaned into what’s familiar to developers and dapp users–while innovating at each layer of the platform. Avalanche’s high-performance and the EVM will quickly unlock incredible opportunities. Here’s how:

For Solidity _ Lang devs, Avalanche allows for quick workflows. No need to learn new languages Favorite Solidity tools like HardhatHQ, TruffleSuite, and more work out-of-the-box. Rapidly growing online dev community–Discord w/ 20k members.

For Ethereum users, Avalanche allows for an easy, fast, and cheap DeFi experience: Tx costs are a fraction of what you’re used to paying Tx’s settle in under one second Use familiar tools like MetaMask.

Looking into the future, Avalanche still has a lot to benefit from the EVM. The newly launched Avalanche Bridge (AB) can scale horizontally with other EVM-compatible chains. Just with Ethereum, nearly $1.5B of crypto assets have bridged.

Moving forward, integrating other EVM-compatible chains will be easier, now that the foundation has been laid. Non-EVM chains are also on the roadmap.

Avalanche Rush will be the next major catalyst in bringing users to try out Avalanche DeFi.  For any smart contract chain with scalability issues, imagine your chain being usable by all and being competitive with speeds familiar in Web 2.0. Avalanche  invites you to build a VM and scale using Avalanche consensus with subnets (coming soon)!

Other things to be excited about with Avalanche: Improved liquidity via exchanges. New NFT marketplaces.  New, end-to-end Avalanche experience. Initial Litigation Offering (ILO) much more.

Community response:  When is the rush starting? It’s possible to deploy Smart Contract written in Solidity to Avalanche? Care to review and learn for yourself.  Good in the long run.

 

 

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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