Average rating : HIGH
Avalanche is decentralized & scalable platform of platforms.
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What I like:
- Avalanche is a novel protocol that has made furors in the blockchain space
- While the other 6 members of the team are yet to be revealed, it’s easy to guess that Emin Gün Sirer surrounded himself with some of the best people IC3 has to offer
- Support for multiple virtual machines such as EVM and WASM, Bitcoin script, zk-SNARKs, Monero-like ring signatures and support for multiple programming languages, such as C++, Rust and Go
- Testnet around the corner, overall development is stated to be way ahead of the other aspects of setting up a new project (legal entity, marketing, etc)
What I dislike:
- The Avalanche paper has only been around for a little over three months, and the Avalanche project itself has only been announced very recently. Information is still scarce
Overall, I love it. A breakthrough consensus mechanism that finally moves away from the variations of the 30 years old research that is being implemented in current projects is a welcome change to the blockchain space. There are many ICOs that claim to be Ethereum-killers out there, but having some of the best features of all other projects out there baked on top of the most novel consensus mechanism by chef Emin Gün Sirer will surely give Ethereum a run for its money. This is something new and exciting in the blockchain world, that will both push the tech forward and has the chance to make for a great investment.
The information above is put together from a few YouTube videos, interviews and mainly the input in the project’s Telegram channel. This is way too early to rate, but Avalanche is on the top of my list of projects to watch.
Update: Perlin has announced they are working on Wavelet, a pragmatic Avalanche implementation for their distributed computing project. They quoted a number of concerns related to the original Team Rocket whitepaper which they address and implement in a way they feel is different from the Avalanche consensus. I addressedthose concerns in the Avalanche Telegram channel and got the following response from Kevin Sekniqi, who TL;DR said that the team views the concerns expressed in the article as normal issues to be tackled for actual implementation and that you are doing similar work, even if not publicly sharing the progress yet.
Rating: 91/100 (potentially even higher, but let’s wait for a proper whitepaper, code, website, etc)