Cointime

Download App
iOS & Android

Why Did Amazon Collaborate Only With Avalanche (AVAX)?

Avalanche got fantastic updates on January 11, the news is that the Amazon Web Services collaborated with Ava Lab.

The important thing to highlight here is why Amazon chose Avalanche.

The reason for this is because Avalanche provides a customs solution. Avalanche may be used to deploy both private and public blockchains. Both of these options may be found in it, and its blockchain is capable of both of them.

They will offer scalable solutions to businesses as well as governments.

Enterprise Level — Business Level

At this level, it has been seen that they choose to implement private blockchain in many circumstances. Because they simply require a scalability feature that allows them low-cost transactions. If the cost is low, the user will be more likely to utilize it. Everyone has the option of taking the quickest, cheapest, and most advanced option.

Government Level

For example, ripple (XRP) is a huge project that has been suppressed due to sec. When it comes to XRP’s technical product, the ability to supply on-demand liquidity is excellent. XRP is employed in Central Bank Digital Currency, and the country’s government requires it. Not everyone need it; nonetheless, the Progressive Government requires it in order to design their country’s Central Bank Digital Currency. Stellar has similar features.

Previously, the BNB Network was used to develop Kazakhstan’s Central Bank Digital Currency. Kazakhstan selected the BNB Chain due to a cooperation with Binance.

These things are like priceless stones since a large audience can only be reached via collaboration.

If the integration is done at the enterprise level, Avalanche will quickly get a wide audience. This is useful for any project.

El Salvador

El Salvador adopted bitcoin as legal money; this is a significant change. Because the public that used to use it has now grown to a significant number of users. Even if not everyone in the country uses it, it gives them a boost. When everything is considered together, it is really good for Avalanche.

International Chess Federation

The International Chess Federation collaborates with Avalanche to offer a web3 product. If you enjoy activities such as chess, you will be able to play virtual chess in the web3 program.

The fact that there are 500 million cheese gamers worldwide is a significant benefit of this thing. At the same time, 500 million users are discovered. Whatever the product, the essential element in it is blockchain; the more blockchain is used, the larger and stronger the project develops.

Core Wallet

Ava Lab released the core wallet some time ago. This wallet supports several chains. Every specialized blockchain has its own wallet. Trust Wallet and Metamask are examples of similar services. Solana has it as well.

2nd New SDK

They have also released the Rust VM SDK.

  • Rust — Programming Language
  • VM — Virtual Machine
  • SDK — Software Development Kit

When the developer receives the ITK solution, it makes development considerably easier.

When it comes to the top five programming languages for creating smart contracts, Solidity comes out on top. Ethereum Solidity is used by the biggest ecosystem. As a result, we see a lot of smart contracts being executed using Solidity. However, because it is simpler than Solidity, rust has grown in popularity.

The race for smart contracts began in crypto, and since then, programming languages have grown in popularity. Kit is created in Avalanche in Rust to be useful for its developer. The technological aspect is also improving.

Shopify

Shopify retailers have used Avalanche NFTs, which will also increase their user base.

Avalanche’s market dominance may grow exponentially as a result of its deal with Amazon. And if many businesses start utilizing it, its future will be bright.

Tell us in the comments what you think about Avalanche’s future.

Disclaimer

This is not a Financial Advice. This article is meant only for educational purpose. I am just sharing my thoughts and analysis based on my many years of experience.

Comments

All Comments

Recommended for you

  • IRS releases draft digital asset tax form

    The US Internal Revenue Service (IRS) has released a draft tax form for reporting digital asset transactions, applicable for tax filings in 2025. The form, known as 1099-DA, is used to report digital asset earnings by brokers. According to the instructions on the recipient form, brokers, including non-custodial wallet providers, are required to report the earnings from digital asset disposals to the IRS. A cryptocurrency tax expert emphasized that the IRS collecting certain data points (such as wallet addresses) "could raise significant privacy and security concerns."

  • Cointime April 21th News Express

    1.An Ethereum pre-mining address that has been dormant for 8.7 years has been activated, containing 197 ETH 2.Bitcoin block reward halving sparks bullish and skeptical opinion split3.A whale withdrew another 10,119 ETH from Binance4.MtGox claims form updated, may support compensation payment in BTC and BCH5.ZKasino transfers the 10,515 ETH deposited by the user to a multi-signature address and deposits it into Lido 6.Pre-Rune concept NFT Rune Doors is the project party for the deployment of Rune No. 97.More than 11,000 BTC flowed out of Coinbase Pro in the past 7 days8.Solana Ecosystem NFT Social Platform Only1 Completes $1.3 Million Strategic Financing, Led by Newman Group 9.friend.tech: V2 version has completed the audit and will be released on April 2910.Bitwise CEO: Wealth Manager Will Increase Its Bitcoin ETF Holdings

  • Cointime April 20th News Express

    1. Ordinals’ cumulative fee income exceeds 6,700 BTC, an increase of approximately $80 million in the past three days

  • Hong Kong Customs cracked a HK$1.8 billion money laundering case involving a virtual currency trading platform

    Hong Kong Customs has reported a successful crackdown on a major money laundering case, involving a staggering HKD 1.8 billion. According to preliminary investigations, a criminal group consisting of three individuals processed over 1,000 suspicious transactions between June 2021 and July 2022 through the establishment of multiple shell companies and bank accounts, including a significant amount of suspicious fund transfers from virtual currency trading platforms. This indicates that the criminals tried to launder their illegal proceeds by taking advantage of the anonymity of virtual currencies. Currently, Customs has arrested three key members of the criminal group, seized the assets of the involved companies, and confiscated a large number of criminal tools, including mobile phones, company seals, and bank cards. The case is still under further investigation, and more suspects may be arrested. This case once again sounds the alarm, reminding the virtual currency industry to increase vigilance and strictly comply with anti-money laundering regulations.

  • 66,445,000 USDT transferred from Binance to Tether Treasury

    According to on-chain data tracking service Whale Alert, at 4:10 pm Beijing time today, 66,445,000 USDT (66,524,734 USD) was transferred from Binance to Tether Treasury.

  • 2 new wallets withdrew 7.85 million ARB from Coinbase 12 hours ago

    As monitored by The Data Nerd, 2 new wallets withdrew 7.85 million ARB (approximately $8.91 million) from Coinbase 12 hours ago.

  • TeleportDAO has raised $9 million through CoinList public sale and financing

    The Bitcoin cross-chain infrastructure TeleportDAO has raised $9 million through CoinList public sale and financing, with participation from OIG Capital, DefinanceX, Oak Grove Ventures, Candaq Ventures, TON, Across, bitSmiley, and others.

  • Bitcoin L2 network BOB announced that it will launch the mainnet on April 24

    It was announced that the Bitcoin L2 network BOB (Build on Bitcoin) will launch its mainnet on April 24th on the X platform.

  • UniSat reaches 1 million weekly active users

    UniSat announced on social media that its weekly active user count has reached 1 million.

  • Lumoz supports Op Stack + ZK Fraud Proof, Initiating a New Paradigm in L2 Architecture

    After completing a total of tens of millions of dollars in financing, the modular computing layer Lumoz continues to make strides in the Layer 2 (L2) space. This week, Lumoz announced that its Modular Compute Layer will support the Op Stack + ZK Fraud Proof Layer 2 architecture, initiating a new paradigm in L2 architecture.