The post Avalanche Network Targets Vertical Expansion Strategy appeared on BitcoinEthereumNews.com.

Kevin Sekniqi, co-founder of Ava Labs, recently shared crucial insights regarding the upcoming direction of the Avalanche network. He emphasized that while the network has focused primarily on horizontal expansion in recent years, the next stage will prioritize vertical expansion driven by advanced hardware capabilities. This strategic shift aims to fortify the technical framework and enhance the performance of the Avalanche ecosystem. What has been Avalanche’s Growth Strategy? Avalanche has concentrated on deploying application chains to boost horizontal scalability, allowing for a broader array of projects to flourish on its platform. This method has proven effective during its growth phase, as Avalanche seeks to solidify its leading role in the sector. How Will Vertical Expansion Be Achieved? Sekniqi asserted that achieving true scalability requires not only horizontal growth but also a robust vertical strategy. This approach will necessitate the integration of more powerful hardware, enabling the network to process complex transactions more efficiently. Avalanche’s focus on horizontal expansion has yielded significant ecosystem growth. The transition to vertical expansion is crucial for handling complex transactions. Enhanced hardware will play a pivotal role in improving network efficiency. The Avalanche community can expect significant infrastructural updates aimed at bolstering both performance and scalability, following Sekniqi’s insights. Currently, AVAX, Avalanche’s main asset, trades at $28.88, marking a 2.41% rise over the last day, yet still remains 80.28% below its peak of $146.22 from November 2021. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/avalanche-network-targets-vertical-expansion-strategy

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Filed under: News - @ October 13, 2024 8:12 am