Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.
Avalanche presented a subnetwork proposal at the ApeCoin DAO forum, arguing that the metaverse a metaverse is a digital universe that contains all the aspects of the real world, such as real-time interactions and economies. It offers a unique experience to end-users. project could leverage money that a trader borrows from a brokerage, enabling them to gain far greater exposure to a position than what their capital allows. the scalability of that chain.
- Avalanche proposed to Otherside to build its own subnet.
- The proposal comes after the chaotic launch of virtual land on Ethereum.
- Muchos en la comunidad no son fans de los planes. No quieren dejar a Ethereum.
The blockchain Avalanche has submitted a proposal thatOthersidethe metaverse of the popular NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. collection.Bored Ape Yacht Club (BAYC), abandone a Ethereum a decentralized open-source blockchain with smart contracts functionality. to migrate to their ecosystem.
The team of developers of Avalanche (AVAX) submitted a proposal in the hole ApeCoin DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. to buildOtherside as a subnet (or subnet ) of Avalanche . The proposal argues that the virtual world of the popular bored apes could benefit from the low-cost, high-speed network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Avalanche. The proposal reads:
We propose that ApeCoin DAO launch Otherside on an Avalanche subnetwork to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. the future growth of the Otherside community through fast transaction processing, higher throughput, greater ability to scale, and lower gas a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. rates. .
It should be noted that sub-networks are a scaling solution in Avalanche that allows builders to bet on tokens AVAX to build its own blockchains on top of the base layer of Avalanche .
Avalanche invita ‘Otherside’ a migrar
The proposal comes just a few weeks after the chaotic launch of the first virtual terrains ofOtherside.
End of April, Yuga Labs the company behind BAYC and the metaverse Otherside The first virtual earths in its metaverse were sold for more than $300 million, but not all collectors were happy, as it meant the loss of more than USD $100 million in transaction fees . The sale not only drove up fares, it also temporarily obstructed the Ethereum which caused discomfort among the community of users of this chain.
At that time, and in the face of the difficulties of the launch, Yuga Labs lamented “ turn off the lights in Ethereum ” temporarily and suggested that the project should have its own blockchain to meet scalability demands.
The team of Avalanche has now presented what it believes could be a solution for the project. “ ApeCoin sería fantástico como una subred de Avalanche y se beneficiaría del rendimiento superior de su cadena dedicada en el protocolo de consenso más rápido “ said Emin Gün Sirer, the founder of Ava Labs , del desarrollador de Avalanche in a tweet expressing support for the proposal.
ApeCoin would be fantastic as an Avalanche subnet, and benefit from the superior performance of its dedicated chain on the fastest consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. protocol. And the coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. would have an additional use case that would help its market an area or arena, online or offline, in which commercial dealings are conducted. and regulatory stance. https://t.co/UxI2eo3vx9
– Emin Gün Sirer???? (@el33th4xor) May 24, 2022
It is worth noting, as he points out The Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain. that Avalanche is a layer 1 blockchain that is presented as an alternative of Ethereum faster and more economical. It is compatible with Ethereum Virtual Machine (EVM), in environment used by the applications of Ethereum .
Another feature of Avalanche is that it allows individual applications to activate their own blockchains called subnetworks that sit on top of the main network. These subnets can have different levels of security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. and the blockchains can use their own tokens for transaction fees.
Community does not want to abandon Ethereum
The proposal is still at an early stage of discussion and it is unclear whether it will go through a formal government vote. There are also doubts as to whether the DAO has control over the metaverse. ApeCoin DAO is the governing body of ApeCoin a token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. de Ethereum used in the metaverse Otherside de Yuga Labs and in BAYC’s NFT collection.
Although, judging by preliminary polling, the proposal may never deploy. As has been reported by several news media In the forum, many community members and BAYC holders have voiced their rejection of these plans.
Many users argued that Otherside should remain part of Ethereum and focus on achieving scalability with the Layer 2 scaling solutions disponibles, en lugar de pasar a una red separada. “ I disagree. We should never get out of Ethereum. We should look for an L2 solution on Ethereum. “, says one of the comments with more “like” reactions.
In the meantime, the well-known researcher of Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. who uses the pseudonym of ‘polynya’ in Twitter rated the proposal as a ” obviously terrible solution “and described the subnetworks of Avalanche as ” outdated technology “compared to the scaling solutions from Ethereum as the rollups .
Yuga Labs yAnimoca Brandsthe two companies behind the projectOthersidehave not yet publicly shared any opinion on the proposal of Avalanche .
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Article by Hannah Estefania Perez / DiarioBitcoin
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