Today marks the first week anniversary of the birth of #Avalanche. I want to quickly recap where we are, what we’ve been up tin that first week, and what we’re planning to do.
With Avalanche, we’ve innovated at every level of blockchain networks. Foundationally, with a breakthrough in consensus protocols, and then continuing, layer-by-layer, to evolve areas like network and virtual machine models that other projects had skipped over.
In doing so, we built the first smart contracts platform that delivers sub-second finality, supports the entirety of the Ethereum virtual machine and development toolkit, and enables up to millions of independent validators to participate as full, block-producing nodes.
We also built the first platform to bridge the gap between private and public blockchains. You no longer have to make a hard choice between these two extremes, but can transition gracefully from a closed, to a semi-private, and ultimately to an open deployment.
We continue to target digital asset creation, and, as hard as it is to believe after 6000+ coins, we are miraculously the first project to provide the right legal and tech infrastructure to enable tokenization of all the world's assets.
The first week has not been uneventful. We had one scare where a community member thought he had burned around $1M worth of tokens. It turned out to be a misreport in the explorer, a cosmetic issue that has now been fixed.
On the technical front, we’ve strengthened the network’s connectivity and resilience in handling client errors, and rolled out functionality to the Explorer & Wallet to improve users' experience.
On the business development front, we’ve accelerated our talks with prospective partners, both in DeFi and broader enterprises, now that they can explore Avalanche’s mainnet.
We’ve also kicked off MoneyDance, which is an excellent combination of hackathon and summit covering all things DeFi.
First day recap of MoneyDance with videos can be found here. I had a blast chatting with Sergey Nazarov about DeFi, oracles and the future of the space. medium.com/avalabs/moneyd…
With Mainnet live, what we do each day will make a difference in how financial services and products are created and provisioned to people around the world. And by we I mean the amazing team, community, open-source contributors, and partners that make up the Avalanche ecosystem.
We have exciting plans for the rest of this year and for many to come as we continue our mission of showing what blockchains are really capable of. In the short term, we’re continuing to focus on network stability, on-boarding, and maybe a little sleep if we’re lucky.
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