AVA Labs announces its open-sources codebase of the AVA blockchain platform
AVA Labs, a software development company, has publicly released the codebase of the AVA blockchain platform on Wednesday. Its developers will now be able to use the AVA platform with its toolkit to create smart assets, Decentralized Finance (DeFi) applications, and easily launch blockchains. Businesses will now be able to launch this network with custom validators and issue assets. This includes virtual machines as well as programmable legal compliance.
The next-gen financial system is open, decentralized, and collaboratively built. Open-sourcing AVA's codebase concludes the 1st phase of R&D for the project. Avalanche offers significant improvements to security and performance – take a lookhttps://t.co/D9dqWxpX40
— AVA Labs (@avalabsofficial) March 12, 2020
According to AVA Labs CEO Emin Gün Sirer, the release of the AVA codebase ends the first phase of its research and development as it commits to showcasing its decentralized community. She adds that upon seeing the system improvements made possible by the Avalanche protocol and other major cryptocurrencies such as BCH, they have announced plans to incorporate the said system or its variants. “The AVA platform has coupled this protocol with a revolutionary network model that enables the system to span approved and permissionless networks,” she says. “Making AVA the first and only true self-serve platform for new blockchains and digital assets.”
AVA now offers a flexibly secure architecture which supports millions of nodes. It can also handle multiple transactions per second and launch custom public or private subnetworks by using various scripting languages, validators, virtual machines, and rule sets.
AVA Labs co-founder Kevin Sekniqi states, “Instead of one network with thousands of tokens, the AVA ecosystem is one platform with thousands of subnetworks and tokens. We are truly excited to share the code with the broader blockchain community and welcome any input.”
AVA DAP now offers an opportunity to earn up to $50,000 per contribution
To add to the league of next-generation advancement, AVA Labs has also launched the Developer Accelerator Program (AVA DAP) to encourage engagement from creators, bug hunters, open-source developers, and security engineers. It is now offering potential participants the opportunity to earn up to $50,000 per contribution.
— Eric Vanderburg (@evanderburg) March 12, 2020
Sirer has said, “As we get closer to our main net launch later this year, we invite anyone to identify and address any possible bugs or enhancement opportunities within the code.”
In addition to this, John Wu, President of AVA Labs, states, “The release of the AVA codebase is an important milestone. For the first time, a blockchain platform will allow public and private applications to interoperate. Our company has the potential to become the global issuance platform for all digital assets, which is possible only because of its unique architectural model.”
—feaured image from uzmancoin.com