Professor
, today is the third anniversary of my preaching of AVAX in the Chinese market. Because of your good intentions, I followed you before the main website was launched
To all the gamers, creators, developers, partners and supporters who make @GamingOnAvax a force to be reckoned with... thank you 🙏
See you next year GDC 🫡
GBBC's Tech for Impact Day on the Hill is in full swing, where GBBC members are delving into “American Digital Financial Services Innovation Leadership: Real World Assets Tokenization, Infrastructure, Security & Protection" 🇺🇸
It's funny to watch crypto Twitter chase their own asses around @el33th4xor and @avax constant trolling while the real avalanche business and technical advantage is barely known on Twitter.
prediction: Avalanche will blindside much of CT with subnet institutional adoption. ngu.
a question I have is whether we'll start to see any messaging or building around x-chain. they were sniffing around altVMs in the bear if you were paying attn. I wonder if that will manifest in some kind of tech.
Last year, the Avalanche Foundation launched Culture Catalyst, a program aimed at empowering creators, sparking innovation, and propelling the adoption of blockchains. This initiative seeks to better position Avalanche to cultivate and support the many new forms of creativity, culture, and lifestyle that blockchain enables.
Alongside prominent cryptoasset categories like gas tokens, DeFi tokens, Real World Assets (RWAs), NFTs, stablecoins, and governance coins, meme coins have carved out a significant niche in the cryptoasset landscape. These coins, often inspired by internet culture and humor, go beyond mere utility assets; they represent the collective spirit and shared interests of diverse crypto communities.
The Avalanche Foundation intends to start using Culture Catalyst to recognize and encourage the culture and fun symbolized by meme coins by purchasing select Avalanche-based meme coins to create a collection. This move complements the Avalanche Foundation's ongoing engagement across the Avalanche ecosystem, including NFTs, RWAs, and other types of cryptoassets, broadening its portfolio to embrace a more complete spectrum of possibilities.
The selection process for this collection is based on several key criteria, including the number of holders, liquidity thresholds, project maturity, principles of a fair launch, and overall social sentiment, among other factors.
The Avalanche Foundation is dedicated to supporting diverse and culturally significant initiatives, establishing its position as an adaptable and inclusive participant in the Web3 space.
I don't have a visual diagram for the Avalanche tech roadmap, but here's an abridged summary of what I'd personally love to see, written in human-readable format. Note: this is my personal wish-list, but a lot of these are already slated for 2024.
1. Base layer consensus improvements. Reduce normal case time to finality to under 250ms, with potential "optimistic fast finality" mode in just 1 or 2 rounds. No need for changes to enable more number of validators because Avalanche can already scale up above Ethereum because of the sub-sampling procedure. Integrate these improvements deeply with all APIs such that wallets and any other frontends provide nearly instantaneous experiences for the average user.
2. Consensus capacity upgrades. Propose changes to c-chain in the form of swap to non-primary subnet, with big boost to hardware requirements. Avalanche is already extremely lightweight, and will continue getting more lightweight, so increasing storage and network bandwidth requirements would provide a gigantic boost.
3. Deep code refactoring. Drastically reduce the tech debt by removing all Geth code besides the basic state transition logic. This would vastly reduce the dependency on the Geth codebase, making code upgrades significantly easier and safer. This means that VM upgrades will get much faster.
4. Database upgrades. After code refactor, introduce FirewoodDB, which is a linear-access (rather than random-access) database optimized for storing blockchain data. Performance results pending, but it should improve read-write of the EVM (and other VMs) by orders of magnitude. Currently, a validator processing a c-chain transaction spends as much as 95%+ of time just accessing state on disk! This is why FirewoodDB is such a great upgrade.
5. Subnet upgrades. Enable c-chain-native elastic subnet staking. Currently, you can launch a permissionless, elastic chain only using a token minted on the x/p-chains. However, the vast majority of active tokens are right now on the c-chain, therefore elastic support for c-chain is a major gating function. Enabling this would be a game changer.
6. AWM and Teleporter. Get AWM and Teleporter (the messaging/bridging and contract interfaces, respectively) of Avalanche to production level, and ensure that time-to-finality for a AWM message between two subnets is under 1 second. With this, Avalanche chains will be able to have the single fastest chain-to-chain state transitions of any other network, including between Zones or between any L2s.
7. Get HyperSDK to the next level. HyperSDK is mature enough that it has allowed people to launch a subnet in just a few commands, but that's just the start. The goal is to make HyperSDK so powerful that it can enable you to trivially change and upgrade any parts of the chain with minor modifications (besides the actual consensus engine). From the VM, to the fee structure, to permissioning, and much more. Just a full-fledged set of tools to enable super rapid experimentation.
8. Push new VMs to the front. I want to see HyperVM, Avalanche's native VM, start gaining traction. This VM is next-gen and can enable some serious optimizations that c-chain just is incapable of.