AVAX Price Skyrockets 10% After Ava Labs Introduces Innovative Scaling Solution

• Avalanche is reported to have launched a Vryx scaling solution to expand the network capacity to facilitate 100,000 transactions per second (TPS).

• Vryx is designed to address the scalability issue without taking anything away from the existing security structures. 

Avalanche (AVAX) made a strong upside move over the weekend following days of consistent pullbacks and bearish sentiment. The asset surged by 10% within the period and flipped its market sentiment to bullish. However, it has taken a little nosedive to fall by 1.94% in the last 24 hours to trade at $35.08. Regardless, the asset is up by 8% in the last seven days and 200.09% in the past three months. 

Comparatively, Bitcoin is down by 0.7% in the last 24 hours, trading at $42,160.78. Ethereum is also down by 1.14% in the last 24 hours, trading at $2,266.40. 

According to experts, the unexpected price surge of AVAX can be linked to the launch of its latest initiative – the Vryx scaling solution. The initiative is a significant development for the entire ecosystem as the network capacity of Avalanche could be adjusted to support 100,000 transactions per second (TPS). Vryx has been designed to offset the scaling challenges without compromising security or decentralization. It makes use of the Decoupled State Machine Replication (DSMR), a novel approach that revolutionizes transaction processing. 

Vryx’s DSMR goes the extra mile to ensure that transactions are distributed and organized before being validated. Through the facilitation of a higher volume of simultaneous transfers, it largely improves the transaction speed. For traditional blockchains like Bitcoin, decoupled structures show advanced capabilities in State Machine Replication (SMR). 

More on the scaling Solution Launched by Avalanche

Research discloses that the solution divides transactions into different unique segments as part of its operation, and runs them pipelined. On top of its significant scalability addition, it protects against profit-driven exploits to mitigate adversarial issuance attacks. According to experts, this is done by ensuring that all replicated transactions are subjected to fees. 

Patrick O’Grady, the VP of Platform Engineering at Ava Labs, explained that the Vryx would be employed on the Avalanche HyperSDK. 

Vryx, a fortified DSMR construction that will be employed by the Avalanche HyperSDK, mitigates these adversarial issuance attacks for profit-maximizing builders and ensures that any transactions they replicate pay fees, restoring fTPS = rTPS. Vryx enables the HyperSDK to take full advantage of DSMR pipelining without sacrificing the robustness of traditional SMR, which can enforce full syntactic and semantic verification.

Over the years, Avalanche has made several efforts through upgrades to offset existing challenges to position its network among giants in the ecosystem. Last year, it launched its layer 1 protocol’s Cortina upgrade on testnet. This was to make it easier for exchanges to support Avalanche’s X-Chain. It also released its distinct series of tools purposely designed for financial institutions, “Evergreen Subnets.”

Last year, Avalanche was chosen by investment firm Republic as the best platform to launch its Republic Note. 

We’re excited to announce that Republic Note will be launching on @avax. This is a major milestone that marks the final leap before the Note’s market listing.

Republic Note is a revenue-sharing tokenized security that will ensure that holders are provided with exposure to Republic’s portfolio of investments.