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Until they get the easiest way for anyone to get involved with blockchain, it looks like Avalanche AVAX, like several other blockchain projects, will play their game around NFTs. It looks like in the forthcoming days, AVAX will talk a lot about focus on Custom VMs, the most significant feature releases they have ever had, and NFTs.
John Wu, president at Avalabs Official, expressed: “Been saying for a while that institutional interest in blockchain technology as an asset class is at an all-time high. Even retirement funds are looking into promising projects.
While BTC and ETH are dominant within this asset class now, I expect their weight to reduce overtime, as alternative blockchain platforms will grow their ecosystems and use cases on the consumer and enterprise front.
What does this mean? Many alternative coins’ risk/return profiles will become relatively attractive, even to funds with strict mandates. Whoever gets in earlier on these other opportunities will reap the higher rewards.”
Meanwhile, Avalanche labs are contemplating a custom virtual machine (Custom VMs) over the past few weeks.
The Engineering update from Patrick O’ Grady read thus: “Starting in [email protected] (released yesterday), it is now possible for developers to build their blockchain on their subnet with their virtual machine. All on top of Avalanche AVAX.
To help get started writing your own VM (which communicates over gRPC with AvalancheGo), a tutorial demonstrates how to create a simple Golang-based VM from scratch.
With only a couple hundred lines of code, you can create a VM that timestamps arbitrary blobs of data (that are passed in over RPC by some client). The full code for the VM is published at ava-labs/timestampvm.
If you want to see an example of an advanced VM, check out coreth (EVM implementation used on C-Chain): github.com/ava-labs/coreth. With Custom VM support, you could now run a forked version of the EVM on your subnet to experiment with novel modifications on a live network.
As long as your VM communicates over the gRPC spec, it can be run by AvalancheGo as its blockchain.
So they have focused on building Golang-based tooling for VM creation, the language used most commonly within avalabsofficial. However, they are looking forward to collaborating with teams building SDKs for VMs in other languages. But wait, there’s more (in v1.4.10)! This release adds support for using RocksDB instead of LevelDB, enables C-Chain pruning by default, and overhauls the network layer to improve significantly peer throttling.”
It looks like the “The birth of a whole system is sustained in Avalanche subnets.”
