Even as the crypto world witnessed turbulence in the past nearly two weeks with over $300 billion lost in market value, Avax – the native token of smart contract blockchain platform Avalanche has been a big outlier.
Importantly, the price-tracking website said that it is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts.
This effort combines the speed, resilience and adaptability of Avalanche, and Deloitte’s Fortune 100 enterprise knowledge,” Ava Labs co-founder and Cornell University professor Emin Gün Sirer said on Twitter last Tuesday.
The new platform gives state and local officials a decentralised, low-cost and fully immutable system that empowers both the grant funders, and the aid recipients, while using the transparency of blockchain to minimize fraud, waste and abuse, Sirer added.
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