AVA Launches Public Testnet For Blockchain Platform

U.S.-based blockchain platform AVA announced on Friday it has launched its first of two planned public testnet releases. According to AVA, the first release allows participants to connect to a  global network of validators and participate in high-velocity transactions.

Founded in 2018, AVA describes itself as an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains.

“AVA enables developers to deploy subnets (blockchain networks), private or public, which implement custom execution environments to fit their development needs — all while supporting fast cross-subnet swaps. AVA allows for partitioning of private data away from the rest of the AVA network while still being a member of the overall network, thus enabling a rich and complex set of privacy and data provisioning use cases that other platforms simply do not. Furthermore, with fast decision times and modest hardware requirements, AVA powers a system that can accept many times the data and productive yield that existing decentralized systems provide at a low cost to the end user.”

AVA further noted that its blockchain platform is designed to be backward-compatible with out-of-the-box support for existing Ethereum-based DeFi applications. Migrating decentralized applications to AVA grants open finance the power to deliver its promise to a mainstream audience. 

AVA went on to add that The release of the public testnet enables the platform’s capabilities to be trialed ahead of its mainnet launch later this year.

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