//AVA Labs and Smart Contracts

AVA Labs and Smart Contracts

Ever since blockchain graced the tech world with its presence, smart contracts have been its most ground-breaking killer app. In fact, they have rapidly become a must-have innovation for businesses. This amazing piece of technology allows you to conduct transactions, make transparent deals, automate processes, exchange money, property, or anything of value – all without lifting a finger.The dApp ecosystem is growing at tremendous speed. Decentralized applications are popular because they are open-source, decentralized and incentivized. Ethereum has allowed developers to run their dApps on top of Ethereum’s network but unfortunately, the sheer amount of dApps has collapsed Ethereum’s network a few times as the ETH blockchain can only handle a few transactions per second.The need for more scalability and high transaction throughput is definitely growing. AVA Labs knows this and focuses on providing a dynamic smart contract platform that removes the need for forks using a community consensus system for upgrades.AVA is a truly decentralized platform that allows users to vote and impact the network while providing developers with high transaction speed and scalability.

Ever since blockchain graced the tech world with its presence, smart contracts have been its most ground-breaking killer app. In fact, they have rapidly become a must-have innovation for businesses. This amazing piece of technology allows you to conduct transactions, make transparent deals, automate processes, exchange money, property, or anything of value – all without lifting a finger.

The dApp ecosystem is growing at tremendous speed. Decentralized applications are popular because they are open-source, decentralized and incentivized. Ethereum has allowed developers to run their dApps on top of Ethereum's network but unfortunately, the sheer amount of dApps has collapsed Ethereum's network a few times as the ETH blockchain can only handle a few transactions per second.

The need for more scalability and high transaction throughput is definitely growing. AVA Labs knows this and focuses on providing a dynamic smart contract platform that removes the need for forks using a community consensus system for upgrades.

AVA is a truly decentralized platform that allows users to vote and impact the network while providing developers with high transaction speed and scalability.