A blockchain platform aiming to become “AWS of finance" with Amazon

[VeryWellDone]

The codebase for the distributed ledger blockchain platform developed by AVA Labs Inc., a financial blockchain infrastructure development startup, officially became open source today and was released to the global community.

The AVA network uses a specialized system that allows permissioned, or private, and public blockchains to interoperate at scale. It is also the first system to employ the Avalanche consensus protocol, which was initially developed in 2018. Avalanche is a highly scalable, quick-resolution protocol for adding transactions to a blockchain while maintaining the security of the network.

AVA Labs also announced the launch of its Developer Accelerator Program designed to foster the next generation of engagement with the project’s growing community of creators, open-source developers, bug hunters and security engineers.

"Instead of one network with thousands of tokens, the AVA ecosystem is one platform with thousands of subnetworks and tokens on each subnetwork,” said Kevin Sekniqi, co-founder of AVA Labs.

https://hackernoon.com/open-codebase-and-dap-launch-to-incentivize-network-participation-ava-labs-update-w7ge324w