Web3 leaders from across the globe gathered in Buenos Aires for Avalanche Summit LATAM earlier this month.The three-day event was charged with energy, focusing on key defining themes: the rise of grassroots initiatives, government engagement and the impact of Web3 games.

Avalanche Summit LATAM Highlights A Community-Driven Future

Off The Grid, the extraction shooter built on top of Avalanche , has maintained momentum two weeks after its launch in early access stages.

Web3 Game Off the Grid Numbers Shine Despite Promotional Drop – Games Bitcoin News

In this interview from the Avalanche Summit in Buenos Aires, Web3 investor Bettina Warburg discusses the intersection of blockchain and AI, emphasizing the geopolitical implications and the potential for a decentralized AI future.

Geopolitics, AI, and Web3: Bettina Warburg's Vision at Avalanche Summit | CoinDesk Live at Avalanche Summit 2024 Video | CoinDesk

The gaming industry is witnessing a shift as more developers experiment with Web3 technologies. One of the latest entrants is MapleStory N, a Web3 game developed by Nexpace on the Avalanche blockchain.

MapleStory N Taps into Web3 Gaming with Nostalgia and Blockchain Tech

The Avalanche have to make decisions on a few veteran players once those players decide whether or not to continue their careers.

What Should The Avalanche Do? The Veterans Edition

Jan 10, 2024; Denver, Colorado, USA; Colorado Avalanche right wing Valeri Nichushkin (13) celebrates his goal with right wing Mikko Rantanen (96) and left wing Jonathan Drouin (27) in the second period against the Vegas Golden Knights at Ball Arena. Mandatory Credit: Ron Chenoy-USA TODAY Sports

Navigating the uncertainty of Jonathan Drouin's new deal and Valeri Nichushkin's suspension - Mile High Sports

Off to a 2-0 lead and dominating play, the Oilers let their foot off the gas, and the Stars did what they’ve done all NHL playoffs long – they played smart, disciplined hockey and choked Edmonton to death the rest of the night. Avalanche fans have seen that, unfortunately.

Evan's NHL Daily: Tkachuk Rumors Squashed, Worst Trade In Recent Memory

There are some Avalanche fans that believe trading Mikko Rantanen should be an option this summer. I don&#x27;t quite get it.

Rawal: Why The Idea of Trading Mikko Rantanen Is Asinine

Avalanche

avalanche

KYRENIA Oct 7, 2024 (Platinum)Miracle Cash & More, a leader in decentralized finance (DeFi) innovation, is proud to announce the launch of its new liquidity pool on the Avalanche blockchain. This innovative pool, called Phoenic Leveller, marks the first platform to enable users to leverage their liquidity positions—a breakthrough in the world of DeFi. By offering this capability, Miracle Cash & More aims to provide traders with increased flexibility and expanded opportunities to maximize their returns. Unlocking Access to Borrow And Trade Larger Positions The Phoenic Leveller liquidity pool allows users to amplify their liquidity positions, unlocking new potential in a rapidly evolving financial landscape. Leveraged liquidity trading is a cutting-edge feature that distinguishes this platform from traditional liquidity pools, where participants are typically limited to simply providing liquidity. With Phoenic Leveller, traders can now utilize their existing assets to borrow and trade larger positions, opening the door to higher returns and more dynamic trading strategies. Harnessing the power of the Avalanche blockchain, Phoenic Leveller benefits from the network’s high scalability, low fees, and fast transaction times. Avalanche’s infrastructure ensures that traders experience a truly efficient trading environment, whether they are just entering the world of DeFi or are seasoned professionals. By combining leverage with Avalanche’s advanced blockchain technology, Miracle Cash & More has created a platform that is both accessible and sophisticated, catering to users at all experience levels. Phoenic Leveller Combines With Avalanche in a Secure And Scalable Ecosystem “We’re incredibly excited to introduce leveraged liquidity trading through Phoenic Leveller,” said Hakan Törehan, CEO of Miracle Cash & More. “This innovative product, born from our Code Node investors, is set to become an on-chain NFT and marks a pivotal advancement in the DeFi space. By integrating with Avalanche, we’re providing traders with a secure, scalable, and dynamic environment to maximize opportunities. It’s a true game-changer in how people engage with decentralized finance.” “This launch also aligns with our recent strategic partnership with Ingenico, a global leader with a POS merchant network of over 40 million units, further demonstrating Miracle Cash & More’s commitment to shaping the future of financial technology.” The benefits for users of Phoenic Leveller are significant. With the ability to leverage liquidity, traders can potentially increase their returns by accessing more capital than they initially contribute. This creates greater flexibility in their trading strategies, allowing for more effective risk management and capital efficiency. Miracle Cash & More’s intuitive platform design makes these advanced features accessible to both novice and experienced traders. The low transaction fees and quick settlement times provided by Avalanche make the platform cost-effective and efficient, ensuring that users can focus on their trading without unnecessary delays or expenses. Smart Contracts for High Level Transparency Moreover, the platform’s security measures are bolstered by the use of smart contracts, which automate transactions and provide a high level of transparency and protection for users’ assets. In practice, this means that users can trade with confidence, knowing that their positions and liquidity are safeguarded within a secure blockchain framework. The launch of Phoenic Leveller is part of Miracle Cash & More’s broader strategy to expand its service offerings in the DeFi space. By integrating advanced trading capabilities into its platform, Miracle Cash & More is positioning itself as a leader in decentralized finance innovation. Phoenic Leveller is just one of several initiatives aimed at providing users with more control over their financial positions and more opportunities for growth in the blockchain economy. Miracle Cash & More also supports the Phoenic Token, which plays a central role in its ecosystem. The company has implemented a strategic acquisition plan, allocating a portion of its monthly revenue to purchasing Phoenic Tokens. This buy-back initiative is designed to support the token’s market value, ensuring stability and growth for both the platform and its users. Through the Phoenic Leveller platform, users can also trade Phoenic Tokens for other supported cryptocurrencies, providing even greater flexibility and liquidity within the ecosystem. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. KYRENIA Oct 7, 2024 (Platinum)Miracle Cash & More, a leader in decentralized finance (DeFi) innovation, is proud to announce the launch of its new liquidity pool on the Avalanche blockchain. This innovative pool, called Phoenic Leveller, marks the first platform to enable users to leverage their liquidity positions—a breakthrough in the world of DeFi. By offering this capability, Miracle Cash & More aims to provide traders with increased flexibility and expanded opportunities to maximize their returns. Unlocking Access to Borrow And Trade Larger Positions The Phoenic Leveller liquidity pool allows users to amplify their liquidity positions, unlocking new potential in a rapidly evolving financial landscape. Leveraged liquidity trading is a cutting-edge feature that distinguishes this platform from traditional liquidity pools, where participants are typically limited to simply providing liquidity. With Phoenic Leveller, traders can now utilize their existing assets to borrow and trade larger positions, opening the door to higher returns and more dynamic trading strategies. Harnessing the power of the Avalanche blockchain, Phoenic Leveller benefits from the network’s high scalability, low fees, and fast transaction times. Avalanche’s infrastructure ensures that traders experience a truly efficient trading environment, whether they are just entering the world of DeFi or are seasoned professionals. By combining leverage with Avalanche’s advanced blockchain technology, Miracle Cash & More has created a platform that is both accessible and sophisticated, catering to users at all experience levels. Phoenic Leveller Combines With Avalanche in a Secure And Scalable Ecosystem “We’re incredibly excited to introduce leveraged liquidity trading through Phoenic Leveller,” said Hakan Törehan, CEO of Miracle Cash & More. “We’re incredibly excited to introduce leveraged liquidity trading through Phoenic Leveller,” said Hakan Törehan, CEO of Miracle Cash & More. “This innovative product, born from our Code Node investors, is set to become an on-chain NFT and marks a pivotal advancement in the DeFi space. By integrating with Avalanche, we’re providing traders with a secure, scalable, and dynamic environment to maximize opportunities. It’s a true game-changer in how people engage with decentralized finance.” “This innovative product, born from our Code Node investors, is set to become an on-chain NFT and marks a pivotal advancement in the DeFi space. By integrating with Avalanche, we’re providing traders with a secure, scalable, and dynamic environment to maximize opportunities. It’s a true game-changer in how people engage with decentralized finance.” “This launch also aligns with our recent strategic partnership with Ingenico, a global leader with a POS merchant network of over 40 million units, further demonstrating Miracle Cash & More’s commitment to shaping the future of financial technology.” “This launch also aligns with our recent strategic partnership with Ingenico, a global leader with a POS merchant network of over 40 million units, further demonstrating Miracle Cash & More’s commitment to shaping the future of financial technology.” The benefits for users of Phoenic Leveller are significant. With the ability to leverage liquidity, traders can potentially increase their returns by accessing more capital than they initially contribute. This creates greater flexibility in their trading strategies, allowing for more effective risk management and capital efficiency. Miracle Cash & More’s intuitive platform design makes these advanced features accessible to both novice and experienced traders. The low transaction fees and quick settlement times provided by Avalanche make the platform cost-effective and efficient, ensuring that users can focus on their trading without unnecessary delays or expenses. Smart Contracts for High Level Transparency Moreover, the platform’s security measures are bolstered by the use of smart contracts, which automate transactions and provide a high level of transparency and protection for users’ assets. In practice, this means that users can trade with confidence, knowing that their positions and liquidity are safeguarded within a secure blockchain framework. The launch of Phoenic Leveller is part of Miracle Cash & More’s broader strategy to expand its service offerings in the DeFi space. By integrating advanced trading capabilities into its platform, Miracle Cash & More is positioning itself as a leader in decentralized finance innovation. Phoenic Leveller is just one of several initiatives aimed at providing users with more control over their financial positions and more opportunities for growth in the blockchain economy. Miracle Cash & More also supports the Phoenic Token, which plays a central role in its ecosystem. The company has implemented a strategic acquisition plan, allocating a portion of its monthly revenue to purchasing Phoenic Tokens. This buy-back initiative is designed to support the token’s market value, ensuring stability and growth for both the platform and its users. Through the Phoenic Leveller platform, users can also trade Phoenic Tokens for other supported cryptocurrencies, providing even greater flexibility and liquidity within the ecosystem. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Btcwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Miracle Cash And More Launches Novel Liquidity Pool On The Popular Avalanche Blockchain

Miracle Cash And More lansira novi bazen likvidnosti na popularnom Avalanche Blockchainu

Miracle Cash And More lancerer en ny likviditetspulje på den populære Avalanche Blockchain

Miracle Cash And More lanza un novedoso fondo de liquidez en la popular cadena de bloques Avalanche

Miracle Cash And More、人気のAvalancheブロックチェーン上に新たな流動性プールをローンチ

Miracle Cash And More lança novo pool de liquidez no popular blockchain Avalanche

Igitangaza Cash Nibindi Byatangije Ibishya Amazi Yikidendezi Kumurongo Wamamare Avalanche

Chishamiso Chemari Uye Zvimwe Zvinotangisa Novel Liquidity Dziva PaIyo Yakakurumbira Avalanche Blockchain

Miracle Cash dhe më shumë lançon një grup të ri të likuiditetit në Blockchain popullor të ortekut

Miracle Cash And More lanserar en ny likviditetspool på den populära Avalanche Blockchain

Pesa ya Muujiza na Nyingine Zaidi Inazindua Dimbwi Lingine la Ukwasi kwenye Kizuizi Maarufu cha Banguko

Ang Miracle Cash At Higit Pa ay Naglulunsad ng Novel Liquidity Pool Sa Sikat na Avalanche Blockchain

Miracle Cash And More Ra Mắt Quỹ Thanh Khoản Mới Trên Blockchain Avalanche Phổ Biến

In a groundbreaking collaboration, the Institute of Electrical and Electronics Engineers (IEEE) is set to revolutionize credentialing in India through the implementation of the Avalanche blockchain. This move is particularly significant for the nation, which boasts the second-largest IEEE membership base outside the United States, with over 75,000 members actively contributing to the technological landscape. Empowering India's Tech Leaders: IEEE's Blockchain Credentialing IEEE, a global technology leader, will deploy the Avalanche to issue tamper-evident certificates, ensuring the verification process becomes tamper-proof, instant, and secure. For the thriving tech community in India, this heralds a new era where IEEE credentials will be digitally secure and easily verifiable, setting the stage for accelerated career growth and recognition. blockchain IEEE and Zupple Labs: Pioneering the Blockchain Credentialing Landscape This forward-looking initiative is made possible through a partnership between IEEE and Zupple Labs. The collaboration utilizes LegitDoc, a blockchain-based credential lifecycle management system developed by Zupple Labs, to facilitate the issuance of blockchain certificates. Neil Martis, co-founder of Zupple Labs, shared insights into the growing willingness of the Indian public sector to embrace full-fledged blockchain projects, marking a shift from pilot projects over the past 12 months. Avalanche Blockchain: A Catalyst for Change Avalanche's C-Chain emerges as the primary settlement layer for IEEE's certificate issuance, driven by its compatibility with the . Devika Mittal, Head of Avalanche's India arm, underlines the simplicity Avalanche's EVM compatibility brings to the deployment of widely used applications, including credential registries and identity management. With top institutions like SK Planet and JP Morgan Onyx endorsing Avalanche, the platform becomes the preferred choice for organizations seeking a secure and efficient blockchain solution. Ethereum Virtual Machine (EVM) Future-Ready Credentials: Web3 Participation Encouraged The IEEE-Zupple Labs partnership is poised to issue hundreds of thousands of tamper-proof credentials specifically tailored for India's dynamic engineering community. This announcement not only signifies a pivotal moment in education credentialing but also sets a powerful precedent for broader Web3 participation. While instances of fraudulent degrees and certifications persist globally, India has faced its fair share of challenges in this regard. For example, in a series of at Cochin University of Science and Technology (Cusat), four cases of forged degree certificates and mark lists have surfaced since 2020, exposing vulnerabilities in the university's admission and employment verification processes. Notably, three B.Tech students from the School of Engineering, having failed to clear the final year exam, resorted to creating fake certificates to secure employment. disconcerting incidents Their employers only discovered the fraudulent acts when doubts arose about the authenticity of the submitted degree certificates. These cases not only highlight the challenges universities face in ensuring the integrity of their certification processes but also emphasize the pressing need for a more secure and foolproof system, such as blockchain technology, to prevent the proliferation of forged credentials. As educational institutions grapple with the complexities of verification, the adoption of advanced technologies becomes imperative to safeguard the credibility of academic achievements. In the context of India, where trust in educational credentials is crucial, the implementation of blockchain technology ensures immutability, longevity, and security. It addresses the pain points of a system where fraudulent credentials have been a challenge. Unlocking Educational Potential: The Significance of Blockchain in India The adoption of blockchain in education is a transformative step, aligning perfectly with India's commitment to digital advancement. In a country where education is a cornerstone of societal progress, blockchain introduces a layer of trust and transparency. It guarantees that educational credentials are not only authentic but also resistant to tampering, a crucial aspect in combating credential fraud. As we witness IEEE's endorsement of the Avalanche blockchain for education credentialing, the importance of this implementation cannot be overstated. It not only streamlines and secures the credentialing process but also actively contributes to India's vision of becoming a digital-first nation. In embracing blockchain, India takes a giant leap towards fostering a future-ready, tech-savvy workforce, and IEEE's pioneering initiative is at the forefront of this educational revolution. The future is here: digitally secure, IEEE-certified, and powered by Avalanche blockchain. Don’t forget to like and share the story!

Navigating the Future: IEEE Adopts Avalanche Blockchain for Secure Credentialing in India

*Note, SWOT is an analysis of operational/fundamental elements. This is not a model to be used for technical or trading purposes. (NFA, DYOR) Composed of four elements, and , a SWOT analysis framework provides excellent insight for evaluating the state of a project’s well-being through the lens of a birds-eye view. Strengths, Weaknesses, Opportunities, Threats It can help formulate decisions on what areas require more attention, set performance goals, and organize a foundational understanding of where a project is headed. Rarely (if ever) used in crypto, it is time to apply this timeless method of evaluation to the digital asset space. Today, ( ) the ultra-scalable, interoperable, EVM-compatible, layer zero blockchain network will get a SWOT. Avalanche AVAX , 💪Strengths (Internal) (Helpful) Subnet System Interoperability was, is, and will be a fundamentally important aspect of technological innovation. Avalanche utilizes an interchain architecture using subnets. Subnets are individual blockchains launched for their own purposes, by their own communities. The ability to deploy chain on-demand is attractive to new entrants to the marketplace with its modularity and flexibility around dictating the operational specification (finality, transaction throughput, consensus model, etc.). By abstracting away the immense infrastructural necessitations for building blockchains from scratch, Avalanche becomes capable of attracting enormous amounts of economic value. When adding customization to the interoperability and tieing it together with security and scalability, Avalanche seems like a perfect solution for many startups. Triple-Stack Architecture Avalanche is actually a single system that is composed of three different underlying blockchains. The project initially set out to solve the single biggest technological problem in the industry called the "Blockchain Trilemma". To do this, they developed an architecture that splits the computational logic into three distinct components with each form of logic getting its own dedicated blockchain; X-chain, C-chain, and P-chain. The X Chain stands for exchange chain and is explicitly designed to handle trade-related functionality. C-Chain stands for contract chain and is designed to deal with decentralized applications. P-chain is the platform chain that deals with the coordination and management of nodes and subnets. Growth in crypto-stablecoin (Btc.b) Bitcoin being the reserve asset of the industry, nearly all advanced protocols are always building up their treasuries or actively pursuing the injection of BTC into its on-chain ecosystem via wrapped assets. Avalanche is among the few leading projects that have been able to attract Bitcoin into its ecology via the BTC.B protocol (Bridged Bitcoin). Despite the presence of tumultuous macro market conditions, the amount of BTC.B reserves has actually been growing. Interest of this type shows strong levels of confidence in the security of the technology. Business Development is Excellent The core team of Avalanche is not just technically gifted, they are keenly aware of foundational socio-economic principles underlying successful implementation and express this through their devotion to Business Development. Avalanche Consensus Another technical element that makes Avalanche stand out is its own distributed consensus mechanism called Snowman. The genius of its design is found in how neatly it extrapolated the most desirable properties for distributed systems by combining the highly secure, decentralized, leaderless Nakamoto consensus with a novel stake-based DAG (directed acyclic graph) consensus transaction model. Most notable about its consensus model's security is the claim that it is resilient against the strongest network attack that even Bitcoin cannot protect against, the 51% attack. Considering such lofty security guarantees are coupled with its throughput of 6,500 tps and sub-second blocktime, the technology is almost too good to be true… But it works! Thorough Documentation So many projects, especially from the newer generations, lack providing the intellectual infrastructure of well-made documentation. Few projects go the extra mile to cement their thought leadership in this domain; Avalanche is the absolute hallmark of excellence when it comes to this. They have a breadth of organized, orderly, easily accessible, documentation (in the form of blogs, whitepapers, developer guides, and other resources) that succinctly describes every individual element of their thinking. When comparing documentation repositories of the top 100 projects on CoinMarketCap, AVAX easily belongs in the top 5. 😞 Weaknesses (Internal) (Harmful) Loose AVAX Tokenomics Despite the brilliant architecture, Avalanche's ecosystem is not hard tied to the token. Being able to capture the delta of value from different networks for their individual and cross-chain needs seems like an obvious win. However, the current tokenomic design does not require subnets to pay for their activities in AVAX; they actually allow subnets to specify which token they want to use (and many opt for their own). Low Circulating AVAX Supply Being a tier-one project, it is interesting to find two shortcomings that are related to the token of the project. One thing about AVAX that stands out is its low circulating supply. Marked at ~48% as of this writing, the circulating supply of AVAX is the lowest among the top 40. This could be due to imperfections in the accounting methodologies, but in any case, having a sub-50% circulating supply (especially for a project that is ~3 years old) does result in potentially undesirable price suppression and excessive volatility. 🧐 Opportunities (External) (Helpful) Major Protocol Integrations Many of the industries leading projects including, UniSwap, OpenSea, LayerZero, Balancer, Tokeny, UnoFarm, and The Graph, among others, have expressed support for the Avalanche ecosystem. Considering that AVAX is already home to a few tier-one protocols (AAVE and TraderJoe) the influx of interest from other prominent protocols will lead to a positive feedback loop for on-chain TVL with interchain, interasset composability. Attracting a new generation of GameFI Defi Kingdoms is considered to be one of (if not the) most successful blockchain-based games thus far. Their experimentations have led to results so positive that some of the most powerful gaming entities becoming attracted to launching their own subnets for their gaming communities. Team SoloMid (TSM), one of the gaming industry's more recognizable esports organizations will be launching their Blitz Subnet and using AVAX as their gas token. GREE, a Japanese gaming and media conglomerate has joined the ecosystem. LOCO, an Indian Streaming platform has signed on and also agreed to deploy its own dedicated subnet. In addition to all of the incoming participants, Avalanche has been putting in substantial efforts in hosting metaverse gaming events by attending/sponsoring gaming expos. Partnerships with Dominant Web 2 Giants Amazon Web Services (AWS) partnership program to promote the adoption of blockchain technology and one-click AVAX node deployment. Tencent Cloud partnership for providing Avalanche Subnets to institutions, enterprises, and governments. Relationships with Web 2 technology companies of this caliber hint at broader adoption and potential for building new partnerships with greater ease moving forward. 😳 Threats (External) (Harmful) On-Chain Metrics are stale Key data points that leading base layer blockchain projects use to distinguish themselves and establish prominence such as the amount of active verified smart contracts, active developer count, active addresses, and transaction volume are surprisingly laggy and have not had the same rate of change in the positive direction as other networks of similar level. Takeaway: Avalanche is a technological powerhouse. The level of innovation happening at the base layer protocol and the unique angle that the project has taken, positions it to outgrow many of its potential competitors. While the lackluster tokenomics and on-chain metrics may present themselves as unfavorable, once they are addressed, nothing is stopping AVAX from setting industry-breaking records. I rarely regard documentation as a metric for gauging a project's health, (this should just be a given), but in my opinion, Avalanche strikes the perfect balance of informational provision. Conclusion: This SWOT most likely has been skewed by my bias. I do hold some AVAX and believe in the project. Fundamentally, Avalanche might just be the only solution on the market that might be able to solve the blockchain trilemma; if this happens, then the project will be inducted into the technological hall of fame and leave its mark on the industry for eternity. If you know something that I don’t or feel as though I might have missed anything worth noting, please do share, I would tremendously appreciate some feedback. Thank you so much for reading, I hope this serves you well on your journey. Live long and prosper 🥂

SWOT Analysis: Avalanche (AVAX)

Although Ethereum has firmly established itself as the leading blockchain platform capable of running smart contracts, it isn’t without its defects. It has solved some of its problems, such as enormous energy consumption by switching to a proof-of-stake consensus protocol. However, scaling issues continue to exist. Ethereum has a low transaction throughput (approximately 15 transactions per second), slow transaction finality (around 1 minute), and at times high gas fees when the network is under strain. Avalanche is an independent blockchain platform designed to overcome some of the barriers to scalability mentioned above. In this article, we will explore what Avalanche is and its benefits compared to other blockchain platforms. We will also create an ERC-20 smart contract on Avalanche from scratch using Infura. What Is Avalanche? According to its website, Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Unlike Ethereum or Bitcoin, Avalanche consists of several chains, each performing a specific task. The Avalanche network's three most important chains are the C-Chain, the X-Chain, and the P-Chain. The C-Chain is an EVM-compatible blockchain capable of running smart contracts. The X-Chain is responsible for token transactions. And finally, the P-Chain maintains consensus among subnets, arguably the most critical component of Avalanche. Through , Avalanche allows anyone to spin up their own instance of a blockchain within the ecosystem. Additionally, users can customize these blockchains to suit their own needs. These custom blockchains can use different consensus protocols (proof-of-work or proof-of-stake) and offer over 4,500 transactions per second without putting any additional strain on the rest of the network. Each one is a sovereign network that defines its own rules. subnets Subnets are one of the most unique features Avalanche offers. Not only can anyone build their own custom blockchain network as a subnet, each one is completely interoperable with the rest of the Avalanche network. This makes subnets a powerful tool for creating custom solutions, while still being part of a broader network. Benefits of Using Avalanche Through the usage of subnets and novel consensus protocols, Avalanche can provide the following benefits: Since there is no upper cap on the number of subnets that can be created, and subnets operate fairly independently, Avalanche can offer extraordinarily high tps rates. Theoretically Infinite Transactions Per Second Avalanche has the lowest time-to-finality in the industry, with transaction confirmation in under two seconds. Low Transaction Finality Avalanche uses proof-of-stake to secure its network, which makes it extremely energy efficient. It also allows validators without access to high-end GPUs to participate. Energy Efficient Over thousands of validators secure Avalanche. And unlike Ethereum or Bitcoin, a small number of pools do not control the vast majority of the network. Extremely Decentralized Creating an ERC-20 Token with Avalanche As mentioned earlier, the Avalanche C-Chain is entirely EVM-compatible. This means it's simple to port projects from Ethereum and other EVM-based chains onto Avalanche. It also means that the mature tools for Ethereum development like devnet, Truffle, and top API suite, Infura work natively to develop on Avalanche. In this section of the article, we will create an ERC-20 contract that implements a cryptocurrency on Avalanche. We will do so using Solidity, Infura, Truffle, and the Truffle Dashboard. Step 1: Install the MetaMask Extension Install the for your browser in case you haven’t already, and follow the instructions put forward by Metamask to create your wallet. MetaMask extension Step 2: Add Avalanche and Fuji Testnet to MetaMask By default, MetaMask comes configured with only the Ethereum mainnet and Goerli testnet. In order to add the Avalanche C-Chain, and the Fuji testnet, follow the instructions in . this document Step 3: Get AVAX from a Faucet Head over to the on the Avalanche website and request a free test AVAX for your wallet. If all goes well, you should see 2 AVAX in your MetaMask wallet. Fuji faucet page Step 4: Get Infura Avalanche / Fuji URL Before we start building the project, let’s get the endpoint we will use. Go to infura.io and either sign up for an account or login, then perform the following: Click on the button and create a new Web3 API project. Create New Key Navigate to the tab and scroll down to . Endpoints Avalanche C-Chain Switch the endpoint from to . MAINNET FUJI Copy the endpoint for future use in this project. Step 5: Install NPM and Node We will build our project using node and npm. In case you don't have these installed on your local machine, you can do so . here To ensure everything is working correctly, run the following command: $ node -v If all goes well, you should see a version number for node. Step 6: Create a Node Project and Install Dependencies Let's set up an empty project repository by running the following commands: $ mkdir my-crypto && cd my-crypto
$ npm init -y We will be using Truffle, a world-class development environment and testing framework for EVM smart contracts, to build and deploy our smart contract. Install Truffle by running: $ npm install -g truffle We can now create a barebones Truffle project by running the following command: $ npx truffle init To check if everything works properly, run: $ npx truffle test We now have Truffle successfully configured. Let us next install the OpenZeppelin contracts package. This package will give us access to ERC-20 implementations (the standard for fungible tokens and cryptocurrencies), on top of which we will build our contract. $ npm install @openzeppelin/contracts Finally, let us install the package that will allow Infura to sign transactions on our behalf using addresses derived from a 12- or 24-word mnemonic. We will use the mnemonic from our MetaMask wallet in step 1 for this purpose. hdwallet-provider $ npm install @truffle/hdwallet-provider Step 7: Writing the ERC-20 Smart Contract Open the repository in your favorite code editor (e.g. VS Code). In the folder, create a new file called . contracts MyCrypto.sol We are going to write a very simple ERC-20 contract that creates a token with an uncapped supply. We will also mint 100 tokens in our wallet. Add the following code to the file: // SPDX-License-Identifier: MIT
pragma solidity ^0.8.4;

import "@openzeppelin/contracts/token/ERC20/ERC20.sol";

contract MyCrypto is ERC20 {

 constructor() ERC20("My Custom Token", "MCT") {
 _mint(msg.sender, 100 * 10 ** ERC20.decimals());
 }
} Step 8: Deploy the Smart Contract to Ganache & Fuji In order to deploy the contract to the Fuji testnet, we will require an RPC endpoint. Fortunately, Infura offers access to free, blazing-fast Avalanche C-Chain endpoints. Here’s where the endpoint URL we obtained in Step 4 will come in. Next, in the file, replace the contents of the file with the following: truffle-config.js const HDWalletProvider = require('@truffle/hdwallet-provider');
const INFURA_API_KEY = "<-- Fuji Infura API Key -->";
const MNEMONIC = "<-- MetaMask Wallet Mnemonic or Private Key -->";

module.exports = {
 networks: {
 development: {
 host: "127.0.0.1",
 port: 8545,
 network_id: "*"
 },
 fuji: {
 provider: () => new HDWalletProvider(MNEMONIC, INFURA_API_KEY),
 network_id: '43113',
 gas: 4465030
 }
 },
 compilers: {
 solc: {
 version: "0.8.13",
 }
 }
}; Replace the placeholders in lines 2 and 3 with your Infura Fuji API key and MetaMask wallet's mnemonic respectively. (The latter is the string of 12 words given to you when you first set up your wallet.) Take care to never share this key or mnemonic publicly. Alternatively, you can use your wallet’s private key instead of the mnemonic. This is found in your MetaMask wallet’s tab when you click on . Account Details Export private key Let us ensure that the contract is compiled correctly by running: npx truffle compile If there are no errors, we are clear to deploy the contract. With our smart contract in place, we can now write a simple deployment script. In the directory, create a file called and add the following code: migrations 1_deploy_contract.js const myCryptoContract = artifacts.require("MyCrypto");

module.exports = function(deployer) {
 deployer.deploy(myCryptoContract);
}; Now, before we deploy to the Fuji network, we should ensure it will deploy without any problems. We can do this by first deploying our contract to a local Ganache blockchain instance. To get Ganache running, open up a new terminal and type the following command: ganache Now we can test deployment to Ganache by typing: npx truffle migrate --network development That should produce output in our console similar to this one: Now that we know our contract will deploy successfully, we are all set to deploy our contract to Fuji. From the terminal, run the following command: npx truffle migrate --network fuji If all goes well, your terminal will display the transaction hash and the address of the deployed contract on the Fuji network. Head over to and search for your contract address to view your contract. https://testnet.snowtrace.io/ Step 9: Add Your Token to MetaMask Now that our token exists on a real blockchain, we can add it to our MetaMask wallet. Switch the network on MetaMask to Fuji, and choose on the Assets tab. Here, you can import a custom token by entering the contract address of your token, the name, and the symbol. Import Token If all goes well, you should be able to see your token and a balance of 100 under the tab. Assets Conclusion In an extremely short amount of time, Avalanche has emerged as one of the most formidable alternatives to Ethereum and its ecosystem. Its network of subnets promises faster transactions and low costs at the same time. As evidenced by the token we created in this article, Avalanche uses the same tools Ethereum uses. Therefore, if you are an Ethereum developer, you are also an Avalanche developer by default. To start building on Avalanche using Infura, . check out the documentation here Have a really great day!

How To Deploy An ERC-20 Smart Contract On Avalanche with Infura

New Fund Unlocks Broader Access to Alternative Investment Through Digital Ownership on Avalanche Securitize, a leading digital asset securities firm, today announced the launch of a fund tokenizing an interest in KKR’s Health Care Strategic Growth Fund II (“HCSG II”) on the Avalanche public blockchain. This is a major step toward making institutional private market strategies more accessible to individual investors. The new Securitize tokenized fund (the “Fund”) marks the first time exposure to one of KKR’s alternative investment strategies has been offered in a digital format in the U.S. The Fund is managed by Securitize’s digital asset management arm, Securitize Capital, and provides exposure to KKR’s health care growth equity investing strategy. Historically, investments in private market funds have been primarily available to large institutional investors and ultra-high-net-worth individuals. Unlocking broader access to private market investing has been a long-standing challenge for the industry. Tokenization helps solve this by enabling technology to deliver lower investment minimums, improved digital investor onboarding and compliance protocols, and increased potential for liquidity through a regulated alternative trading system. “Tokenization has the potential to address many of the biggest challenges for individual investors seeking to participate in private market investing by enabling technological and product innovations that were not possible before,” said Securitize CEO Carlos Domingo. “This new fund is an important step toward democratizing access to private equity investments by delivering more efficient access to institutional quality products.” KKR’s adoption of blockchain is also a significant step in continuing to build a “ ” from paper-based to digital financial products. blockchain bridge “With its ability to digitize operational inefficiencies and increase ease of use for individual investors, blockchain technology has the potential to play an important role in the future of private markets,” said Dan Parant, Managing Director and Co-Head of U.S. Private Wealth at KKR. “We’re excited to be working with Securitize to be an early adopter of this technology and look forward to opening our investments up to a new audience of investors.” The Securitize tokenized fund is offered under SEC Reg D 506(c) and Securitize is tokenizing the Fund on the Avalanche public blockchain. KKR’s HCSG II Fund, to which the Fund provides exposure, invests in innovative health care companies in North America and Europe with proven products and services that are seeking a partner to commercialize and scale. Avalanche is an eco-friendly smart contract platform built for the scale of global finance. It features near-instant transaction finality, and a novel scaling technology that enables both institutions and individuals to build custom blockchains-as-a-service. Ava Labs is a team supporting the development of Avalanche, and projects building on the network. “Financial markets demand innovation, and over the last two years we’ve seen dramatic leaps forward in the evolution of real world assets moving on-chain and delivering on the promise of breakthrough technology for institutions,” said John Wu, President of Ava Labs. “This strategic partnership will surely spur more blockchain activity among leading investment firms who are now equipped with both the technology and knowledge they need to form an impactful strategy.” “Securitize is now a leading tokenization and distribution platform for investors and global asset managers,” said Wilfred Daye, Head of Securitize Capital. “The tokenized fund we have developed is a significant breakthrough in unlocking investor access to private equity investments.” As a leading digital asset securities firm, Securitize is a leader in firsts: it operates the first and only end-to-end platform leveraging blockchain to raise capital, onboard investors, issue tokenized assets, and provide secondary trading; it launched the first credit-rated tokenized fund in Japan; and is the first blockchain-based firm to be a top 10 stock transfer agent. About Securitize and Securitize Capital Securitize is a digital asset securities firm with a mission to provide shareholders access to invest in and trade alternative investments, and for companies to raise capital, manage shareholders, and offer shareholders potential liquidity. Securitize has pioneered a fully digital, all-in-one platform for issuing, managing and trading digital asset securities, consistent with the existing U.S. regulatory framework, with a community of over 1.2 million investors and 3,000 businesses connected. Securitize is comprised of Securitize, Inc. and its subsidiaries Securitize, LLC and Pacific Stock Transfer (both SEC-registered transfer agents), Securitize Capital, LLC, Securitize Markets, LLC (an SEC-registered broker-dealer, member of and , and operator of the company’s alternative trading system). Learn more at . FINRA SIPC http://www.securitize.io Securitize Capital is the first digital asset management platform that manages and tokenizes institutional-grade products, leveraging a blockchain-enabled capital market structure, tailoring innovative financial products that broaden investor access and exposure to alternative assets, cryptocurrencies, and emerging asset classes. Learn more at . www.securitize.io/securitize-capital About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at and on Twitter @KKR_Co. www.kkr.com About Avalanche Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today.

Securitize Launches Tokenized Fund on Avalanche, Unblocking Broader Access to Alternative Investment

Scaling Through Subnets Subnets, or subnetworks, by definition, are networks inside of a network that help a network scale. In the blockchain sense, the concept of subnets is similar in that they’re almost special blockchains that operate within a blockchain ecosystem. Subnets spawned from the issue of blockchain scalability. For example, there are two ways to scale a blockchain without sacrificing decentralization — vertical scaling (fast transaction processing) and horizontal scaling (replicating the number of blockchains you have and processing them in parallel). However, depending on the blockchain, there are limitations to scaling vertically. Therefore, many chains such as Ethereum view horizontal scaling through sharding as a solution. For example, to break up the chain into smaller chains that replicate the entire Ethereum state. As a way to do scaling in its own right, the Avalanche blockchain created subnets, which allow developers to launch their own blockchains, instead of forcing all transactions to take place on a single shared state. This creates more block space and computation to meet demand. Interestingly, and not widely reported on, Avalanche was not the first layer 1 to use subnets. In fact, the Internet Computer was the earliest major blockchain to implement subnets into its architecture. So how are Avalanche’s subnets different from the Internet Computer’s? And who has the ‘best’ subnets for developers to use? An In-Depth Look Into Avalanche Subnets Avalanche is an EVM-compatible blockchain that has three chains in its primary network — the Contract Chain (C-Chain), Platform Chain (P-Chain), and Exchange Chain (X-Chain). The C-Chain is smart contracts, the P-Chain is for coordinating validators, subnets, and the Snowman consensus protocol, and the X-Chain is for trading and transacting digital assets. Because of limited block space and demand for Avalanche, the C-Chain became congested, therefore, the P-Chain’s use of subnets is a solution to the scalability problem. For Avalanche, subnets are a type of Blockchain-as-a-Service function that projects, businesses, and individuals can use to run their blockchain-based applications, whether they be games like DeFi Kingdom or Crabada, or enterprise-specific applications. Subnets have an advantage in that they’re a sovereign network that defines its own rules regarding membership and even tokens and tokenomics. For example, you can spin up an application and create a token, and not be required to use AVAX or USDC. Another benefit is that they allow the network to scale up easily while enabling lower latency, higher TPS, and lower transaction costs — thus, making it an attractive option for developers. However, Avalanche subnets have a few downsides such as interoperability with other subnets, validator costs, back-end centralization, bootstrapping, decentralization, and security. How Does The Internet Computer Employ Subnets? A subnet is a special kind of blockchain within the Internet Computer network that can seamlessly integrate with other blockchains to increase capacity. This is their main purpose i.e., to increase the scalability and capacity of the network (similar to a network effect). For example, the more subnets there are, the more activity the network is seeing. Therefore, when there are more subnets being created, it means the network is strong. There are currently live on the Internet Computer. 35 subnets Subnet Tech-stack Each subnet is a blockchain that consists of some number of decentralized, independently owned, and controlled machines (nodes) that run the software components of the Internet Computer blockchain protocol. However, subnets don’t just magically appear, in fact, the Network Nervous System (the governance mechanism) combines nodes from the independent data centers to create subnets, which are then used to host canister smart contracts. Each subnet runs its own blockchain, and canisters run on-chain in such a way that they can transparently call canisters on other subnets/chains. In summary, the Internet Computer uses subnets to allow the network to scale indefinitely. This is because the problem with traditional blockchains (and individual subnets) is that they’re limited by the computing power of a single node machine because every node has to run everything that happens on the blockchain to participate in the consensus algorithm (think AVAX validators). Therefore, running multiple independent subnets in parallel allows the Internet Computer to break through this single-machine barrier. Main Takeaways For The Advantages Of Internet Computer Subnets Subnets allow canisters to run on-chain with complete scalability, security, and speed, all while maintaining decentralization. Internet Computer subnets are safer because the canister data is replicated by the number of nodes. Thus if a node goes down, another node can still run the computations and keep the subnet alive. For example, we said above that there are 35 subnets, therefore the canister is replicated 35 times. So if a node goes down on one subnet, it will not impact the consensus, and the data will not be lost. Without subnets, there are no canisters, and thus no smart contract functionality on the Internet Computer. Therefore, subnets are a vastly underrated part of the Internet Computer tech stack that cannot be forgotten. Internet Computer subnets, because of this smart contract functionality, give it a huge advantage over Avalanche subnets. For example, canisters in one subnet can send transactions to other subnets, which means they can communicate with each other and do smart contract computations. The Avalanche network’s subnets cannot do this.

Subnets For Blockchain Scalability: Avalanche vs Internet Computer

What is Happening? Colony Avalanche Index (CAI) is an index token which provides a method for investing in the growth of the Avalanche ecosystem as a whole through a single token developed based on a basket of major web3 tokens on the Avalanche network. The Colony Avalanche Index is developed in collaboration with , a decentralised crypto index platform. Phuture Vested Interest Disclosure: The author is an independent contributor publishing via our brand-as-author program. Be it through direct compensation, media partnerships, or networking. The author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the story for quality, but the claims hereon belong to the author. The article is not to be taken as investment or financial advice. #DYOR What is Colony? Colony is a community-driven accelerator transitioning into an open DAO to foster the expansion of the Avalanche ecosystem. Colony invests in early-stage projects within Avalanche, supplies DeFi protocols with liquidity, verifies networks' stackability, and maintains an index (CAI) of the best Avalanche projects. Airdrops, a repurchase mechanism, and staking incentives distribute the real value and sustenance created by Colony's investments back to the community. What are Index Funds? to Investopedia, index funds track benchmark indices like the S&P 500 or the Nasdaq 100. When users invest in an index fund, the money is spread across all the firms that make up that index. This gives users more diversification than a user would get by purchasing individual equities. For instance, one of the most widely followed stock market indices is Standard & Poor's 500. According to Investopedia, Index funds are less risky than buying and holding stocks individually since they seek to replicate the index they follow. Indexes of the market also have a solid history of performance. However, despite its volatility, the S&P 500 has traditionally provided investors with an annualised return of over 10%. Since an index fund replicates an index, investors in such a fund are relieved of the burden of micromanaging their holdings in individual stocks and bonds. This differentiates index funds from mutual funds and gives rise to their other name, "passive investment." According Mutual funds are actively managed, meaning fund managers make investment decisions on the user’s behalf. When investing in a mutual fund, the user’s objective should be to outperform the market, but with an index fund, user should aim to achieve market performance. Index funds have lower management expenses (sometimes known as "expense ratios") than mutual funds since they do not need daily human administration. Fee savings from choosing an index fund versus a mutual fund may add significant long-term savings and increased returns. Crypto-based Index funds are a novel method for DeFi investors to gain exposure to the basket of tokens on Avalanche and can be a game changer as it allows professional investors to gain exposure to the larger DeFi market. Why are Index Instruments critical for the Avalanche DeFi ecosystem? Since an index is a collection of assets, it reduces risk without reducing potential reward and provides a diverse pool of underlying investments. To get exposure to the Avalanche ecosystem, investors look to the Colony Avalanche Index (CAI) as the standard index. The index raises investors' returns by producing yield on the underlying assets. By tracking the performance of AVAX and the Avalanche application layer, the CAI ensures that investors gain from the expansion of the ecosystem as a whole. Since managers of index funds need not employ the services of research analysts and others who aid in the crypto-selection process because they are only copying the performance of a benchmark index, they may save money. Managers of index funds make fewer trades, so they pay less in commissions and fees. In contrast, the operational expenses of actively managed funds are higher since they employ bigger teams and make more trades. Similarly for crypto-based index funds, crypto investors can benefit from the exposure of index funds without paying exorbitant fees similar to that of a mutual fund. Final Thoughts on Index Funds on Avalanche In my opinion, crypto-based index funds are critical for providing exposure to DeFi and professional investors with better underlying protection of assets, compliance and custody requirements that helps investors to segregate risks and provide a broader exposure to the crypto market compared to holding single crypto tokens. Therefore, in my opinion, Crypto-based index funds are critical for developing the cryptocurrency market as they provide a bridge for the flow of funds from the institutional market to the DeFi market. Don’t forget to like and share the story! Image credits: and Umesh Soni GuerrillaBuzz Crypto PR.

Colony Labs Launches Index Token Offering on Avalanche Ecosystem 

Colony Labs lanza oferta de token de índice en el ecosistema Avalanche

Ava Labs has launched a contest calling for written developer tutorials to Subnets. The goal is to expand our library of resources available to projects that want to launch Subnets. We want to make the short process even easier for developers. After the contest, we plan to add 5 to 10 tutorials written by you, our contest participants, to the . official Avalanche docs Anyone can submit to our Subnet Tutorial Contest. The contest begins today, June 6, and ends on August 2. All submissions that follow the official rules (below) will be considered to win some of the $32K prize pool. All selected tutorials will win $1,000. Every tutorial that goes through revision processes and completes Avalanche’s feedback rounds will win additional incentives as outlined on the contest terms & conditions at the bottom of this page. Winners will also be promoted across social media and the Avalanche community. Please see the official rules below for more details. We’re very excited to see what written tutorials you come up with, and we’re thrilled you’ll be helping to scale Avalanche and our rich ecosystem. Contest Rules Submissions should function as stand-alone tutorials, explaining the step-by-step process of achieving a concrete goal. Developers following the tutorial should have a complete loop understanding of how to repeat the task in their own development process. Steps in the process should be clear, with concrete code examples that can be copied and reused. Every newly introduced term should be explained in the tutorial. General programming knowledge is presumed. Timing Round 1: June 6th — July 5th (11:59PM ET) Round 2: Jul 14th — Jul 22nd (11:59PM ET) How It Works There will be two rounds of judging. All submissions accepted for the second round will receive $1K. If you incorporate the feedback you receive from the Avalanche Developer team in round 2, you’ll receive the corresponding prize below. Avalanche will choose the best Tutorials based on originality, creativity, simplicity, correctness and accuracy, practical implementation and ease of understanding. All decisions will be made in Avalanche’s sole discretion and are final. How to Enter Choose one of Avalanche’s tutorial subjects below. Submissions should be in the form of long form text, formatted in Markdown, submitted as a link to the GitHub repository. Each submission should have an introduction, where the purpose of the tutorial is explained, the main body of the tutorial and a conclusion with key points highlighted. Use of full Markdown capabilities is encouraged (headings, code blocks, tables). Extensive usage of links to existing Avalanche tutorials, references and API documentation is encouraged. Illustrations are welcome and valued as well as a demonstration video. Submit your contact info and links to your tutorial Winner Announcement Winners of the contest will be announced on the Avalanche social media channels, and via community channels. Contest Prizes $2,000 USD prizes: How to set up your development environment for local subnet development. Operating and securing bridge in production. Create a tutorial for customizing subnet-EVM genesis file. How to create a private, permissioned subnet. Wildcard: show off what you did with subnets, creative topic. $3,500 USD Prizes: Deploy an NFT on a subnet that also can be listed for sale on the C-chain — NFT Bridge (other bridge providers besides chainsafe ) https://chainbridge.chainsafe.io/ How to use a ERC-20 C-chain token as the gas fee token — (Native Minter Precompile) + Bridge to call this contract (other bridge providers besides chainsafe ) https://chainbridge.chainsafe.io/ $5,000 USD Prizes: Propose a novel stateful precompile and show off how it could be used. How to extend subnet evm with custom functionality or opcodes. Use the BlobVM for metadata and graphic data on a Subnet NFT project. Additional Instructions for the Tutorials How to Set up Your Development Environment for Local Subnet Development You should show the complete set of steps needed to install and run subnet development locally on a Linux or Mac computer. Downloading needed packages, installation procedures, using to setup to demonstrate a simple ‘hello world’ local subnet deployment. Try to cover as many additional instructions how to: Troubleshoot common issues Add node validators to the subnet. Access funded accounts. Deploy smart contracts. Interact with contracts. Bonus point: explain how to experiment with different customization by creating/tearing down/recreating. Operating and Securing Bridge in Production Tutorial should cover as in-depth as possible the steps needed to secure a bridge between subnet and the primary network (additional points for covering subnet-to-subnet and subnet-to-other network bridges). List and explain gotchas and things to look out for. How to Add Stateful Precompiles to Your Subnet EVM Show how stateful precompiles can be added to a subnet and how they work in practice. Bonus points for any additional precompiles demonstrated. Create a Tutorial for Customizing Subnet-EVM Genesis File Document the options available in designing EVM genesis file. Discuss the options potential customizations bring, as well as things to look out for. Bonus points for concrete examples how to design the genesis to achieve a particular goal in subnet operation.. How to Create a Private, Permissioned Subnet Show how to set up a subnet to make it private and permissioned in various levels of privacy: Control of validator requirements. Control of contract deployment. Private transaction posting. Private transaction reading. Deploy an NFT on a Subnet That Also Can be Listed for Sale on the C-Chain Show and describe the steps needed to set up an NFT collection on a subnet and show how to set up a bridge to the Primary Network where NFT could be listed to sale on a marketplace and change of ownership reflected on the subnet. Bonus points for additional capabilities like renting, swapping or composing NFTs. How to Use a ERC-20 C-chain Token as the Gas Fee Token Demonstrate how a C-Chain native ERC-20 token can be used on a subnet as a gas token. Solution should use the , and a bridging solution other than Chainsafe’s. Bonus points for showing basic tokenomics operations: token mint, token burn. Native Minter Precompile Propose a Novel Stateful Precompile and Show Off How it Could be Used Using a stateful precompile primitive to develop a novel subnet capability and demonstrate how it is used and what advantages it brings to a subnet. How to Extend Subnet EVM With Custom Functionality or Opcodes Using the capability to fork a subnet-evm and demonstrate some novel capability that could not otherwise be possible on a regular subnet-evm. Possibilities include changing the way the VM works, adding VM opcodes or changing the way VM opcodes behave. Discuss possible security/operational effects, especially potential downsides. Use the SpacesVM/BlobVM for Metadata and Graphic Data on a Subnet NFT Project Demonstrate how to leverage SpacesVM and/or BlobVM to store metadata or various binary data (graphics, video, sound) on a subnet NFT project. Bonus points for showing how to deploy everything on a single subnet. Before starting your tutorial, please read our Thank you for your participation! . Ava Labs Developer Contest terms and conditions About Avalanche Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try an app on Avalanche today. . avax.network

Write Subnet Tutorials. Win Big. Avalanche Launches New Contest With $32K in Prizes. 

Escribir tutoriales de subred. Ganar a lo grande. Avalanche lanza nuevo concurso con $32K en premios.

Écrire des didacticiels de sous-réseau. Gagnez gros. Avalanche lance un nouveau concours avec 32 000 $ en prix.

सबनेट ट्यूटोरियल लिखें। बड़ी जीत। हिमस्खलन ने पुरस्कारों में $32K के साथ नई प्रतियोगिता शुरू की।

サブネットのチュートリアルを作成します。大きく勝ちましょう。 Avalanche が賞金 $32,000 の新しいコンテストを開始。

Escrever tutoriais de sub-rede. Ganhar muito. Avalanche lança novo concurso com $ 32.000 em prêmios.

Viết hướng dẫn về mạng con. Thắng lớn. Avalanche phát động cuộc thi mới với giải thưởng $ 32K.

编写子网教程。赢大。 Avalanche 发起新的竞赛，奖金为 32K 美元。

Following the successful but expensive launch and sales of digital land plots of Yuga Labs’ metaverse, Ava Labs submitted a proposal suggesting that Avalanche is the ideal blockchain ecosystem for the highly anticipated Otherside metaverse. The proposal highlighted Avalanche’s high transaction speed and low fees as some of the benefits of launching Otherside on Avalanche. Though the proposal in itself is not the problem, it is the way Ava Labs went about it that raises suspicions about its true intentions. In light of some of the back and forth involving the sponsor, supporters, and critics of this proposal, there are reasons to believe that the ApeCoin community may be under parasite attack. How it all started The launch and mint sales of Otherside land NFTs in April reminded us of what we already know: congestion and exorbitant fees are recurring issues of the Ethereum blockchain, at least for the time being. With around spent as fees to mint Otherside’s NFTs, it became clear that Yuga Labs (the core development team of the Bored Ape Yacht Club’s ecosystem) had to identify and implement ways of limiting the impact of Ethereum’s frailties on future expansion projects. This is particularly true for the highly anticipated launch of Otherside. $180 million worth of ETH In response to the tumultuous sales of Otherside’s digital lands, Yuga Labs that perhaps it was time for ApeCoin to ditch the Ethereum landscape and “migrate to its own chain in order to properly scale.” The company further encouraged the ApeCoin DAO, the decentralized autonomous organization made up of ApeCoin holders who propose and vote on the future development of the APE ecosystem, to consider this possibility. proposed Understandably, this statement sparked lots of conversation centered around the future of the ApeCoin ecosystem, with the latest being the brazen attempt by Ava Labs to sway ApeCoin DAO to opt for a blockchain solution powered by Avalanche. Most of the commentators that Yuga Labs had intentionally opted for an inefficient launch and mint sale model in order to put the spotlight on Ethereum’s flaws and convince stakeholders of the need to create a dedicated blockchain for ApeCoin. believed What did Ava Labs propose? In the proposal idea on May 24, 2022, Ava Labs argued that the launch of Otherside on Avalanche promises “future community growth through rapid transaction processing, higher throughput, greater ability to scale, and lower gas fees.” The whole idea centers around Avalanche’s ability to power dedicated blockchains called subnets that can provide a smooth transactional experience driven by a native currency of the app's choosing. In the case of the ApeCoin subnet, fees will be low compared to Ethereum’s current rates, and they will be paid in APE tokens, thereby creating one more utility for holders. published What is wrong with Ava Labs’ proposal? The core bone of contention centers around the manner in which the proposal has been pitched to ApeCoin DAO and the unfolding events resulting from it. First and foremost, Ava Labs’ proposal focuses on the launch of Otherside on Avalanche, a topic that does not fall under the purview of ApeCoin DAO, being that Otherside is the sole product of Yuga Labs. This important fact was made known by some commentators on the governance forum discussion on Avalanche’s proposal. “For clarity, ApeCoin DAO is not responsible for nor represents anything related to Otherside, as that is a Yuga Labs property,” one commentator, adding that it is up to Yuga Labs to use ApeCoin on Otherside. stated It is also worth noting that Ava Labs executives while speaking with Andrew Hayward of , revealed that the company was yet to communicate directly with Yuga Labs about its proposal. Therefore, it is a bit odd that the company's first course of action was to approach ApeCoin DAO rather than Yuga Labs, which had more control over the future of Otherside. Decrypt Another talking point raised by ApeCoin DAO members was that the proposed migration to Avalanche would rob users of the composability, security, and liquidity that Ethereum provides. It also did not help that Ava Labs did not mention anywhere in the proposal that staking AVAX is one of the requirements for creating a subnet and becoming a validator. In particular, all validators are required to stake 2,000 AVA. There was also skepticism concerning the decentralization, or the lack thereof, of the Avalanche ecosystem. More specifically, the network’s bridge is controlled by 4 wardens (validators), a design decision that could potentially expose the network to risks associated with centralization. “They (Avalanche supporters) blame polygon for their multi-sig (and while I agree with this), they forget to mention that their own bridge is controlled by only 4 validators/companies (which, if asked by a court, will freeze all the bridged funds),” one commentator. said As for most of these critics, they would prefer to stick with Ethereum even though they wouldn't mind exploring the possibilities of adopting a layer 2 Ethereum solution. The parasite attack As stated earlier, it was the way Ava Labs went about pitching its proposal that is disturbing. There was no real reason for the company to go all out to submit a proposal idea on ApeCoin’s community forum when it had not yet consulted or communicated with Yuga Labs. This entire fiasco also conveniently aligns with Yuga Labs’ perceived attempt to convince everyone that Ethereum is not the ideal blockchain network for the ApeCoin ecosystem. Secondly, the Ava team initially did not attempt to reply to community members’ questions or quell their fears. Instead, Ava Labs thought it wise to grant interviews in which some of its team members suggested that they had received positive feedback from ApeCoin’s community. One of the ApeCoin DAO members commented that they have already started to benefit from parasitizing on the community, "even before voting." He revealed that the Avalanche team is actively pitching crypto media using their name and getting promotional publications for their brand. He said "Check one of the articles that they got, it’s from it looks more like sponsored content than a piece of regular news. I can’t say intentionally or not, but it seems like the author did not even bother himself to check the community's opinions for the proposal, giving full voice to the Avalanche team." He also said that "the Avalanche team members (Head of Strategy Phillip Liu and Head of Gaming Ed Chang) are misleading the reporter saying that “they’ve seen positive feedback from the Bored Ape community”. Andrew Hayward for Decrypt 2 “Right now the Avalanche team is trying to infiltrate our community in order to use us as a source of profit, and I believe they will damage us until the project is exhausted and destroyed. This is a parasite attack,” a concerned member of the discussion forum.  It was only after concerns such as this were raised that Phillip Liu, Ava Labs Head of Strategy, decided to join the conversation. said More alarming is that who had never contributed to other discussions other than the Avalanche proposal. One of the that noted this discrepancy reads: a majority of members supporting the proposals were new forum users comments “I think it’s worth calling out at this point that currently, all but one vote for this proposal came from accounts who have been in this forum for less than a day. 34/35 accounts were created in the last 24 hours. Presumably, the majority of traffic, votes and subsequent commentary on this topic are being led by a group of AVAX shills whose only interest is in bag pumping. Hard no on this one, and as a community, we should be VERY skeptical of the motivations behind this post, the commenters, or the votes that come to it.” Although Ava Labs’ proposal idea has already amassed 40 votes and is awaiting the next stage of deliberation, there is little chance, however, that it will come to fruition since there is an existing proposal campaigning that ApeCoin stays on Ethereum. The proposal, Keep ApeCoin within the Ethereum ecosystem, was published by a community member on May 4 following Yuga Labs’s recommendation to move to a dedicated layer blockchain. The proposal reads: titled “Yuga Labs stated in a tweet 6 that they believed ApeCoin needed to move to its own chain in order to scale. We the ApeCoin DAO believe that, at least for the time being, ApeCoin should remain within the Ethereum ecosystem, and not migrate elsewhere to an L1 chain or sidechain not secured by Ethereum.” Some community members have asked others to vote for and support this proposal so that Ava Labs will not succeed in pressuring the ApeCoin ecosystem to opt for Avalanche.

Is Avalanche Team Trying to Parasite Attack the ApeCoin Community?

Dexalot receives $7 million to build trading infrastructure Dexalot has received $7 million in funding to build the Avalanche network. The funding round was led by Avalanche’s Blizzard Fund with involvement from various Avalanche ecosystem actors and decentralized finance investors. The protocol aims to create a decentralized order book exchange based on Avalanche that allows users to trade any asset with cheap costs, no slippage, and quick price discovery. Avalanche ecosystem contributors comprised of Colony, AVentures, Avalaunch, Avascan, Benqi, and Blizzard. Further, Maven Capital, GSR, Muhabbit Capital, Republic Capital, Woodstock Capital, and IPC are among the new investors. CEO of Dexalot, Nihat Gurman, said: Dexalot wants to create a truly transparent, community-owned crypto exchange where users can trade assets at the capital efficiency of central exchanges with the same or better user experience. The protocol is an EVM-compatible Central Limit Order Book (CLOB) exchange that runs on the Avalanche C-Chain. It tries to fill in the gaps in Avalanche DEXs, which are currently exclusively AMM-based. Which of the two Decentralized Exchange is Better: Order Book or AMM? As the name implies, an order book records all buy/sell orders for a specific cryptocurrency. A bid is a name for a buy order, whereas an ask is a name for a sell order. The order book keeps track of how many tokens are being solicited or bid at a given price point. The order book organizes the traders’ orders under the price associated with them when they place them. Thus, any DEX dealer may trade the asset as long as supply and demand exist. Depending on the order book, a CEX has generated automatically when a Binance clone script is used to create an exchange. The order book is replaced by a liquidity pool in an AMM or Automated Market Maker-based DEX. The liquidity pool is essentially pre-funded by participants known as liquidity providers or LPs. Each AMM-based DEX has a different manner of rewarding LPs. The LPs essentially take on the role of market makers. Uniswap pioneered the idea of AMM, in which the current liquidity of the trading pair is properly considered using an algorithm. This makes it possible to supply traders with a real-time quote. Automated Market Maker-based decentralized exchanges address one of the industry’s most pressing challenges. Similarly, order book-based DEXs are putting in a lot of effort to increase liquidity. Catch all the breaking news, and Don’t forget to like the story! Image credits: and . Krzysztof Kowalik Austin Distel

Stories, News & Mentions about AVALANCHE

Avalanche’s Stories on HackerNoon

Avalanche's News & Mentions