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Reading: Kevin Sekniqi Highlights Avalanche’s Shift Towards Vertical Expansion
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COINTURK NEWS > Avalanche (AVAX) > Kevin Sekniqi Highlights Avalanche’s Shift Towards Vertical Expansion
Avalanche (AVAX)

Kevin Sekniqi Highlights Avalanche’s Shift Towards Vertical Expansion

In Brief

  • Kevin Sekniqi discusses Avalanche's focus on vertical expansion strategies.

  • The network aims to enhance its infrastructure with stronger hardware.

  • AVAX is currently trading significantly lower than its all-time high.

İlayda Peker
İlayda Peker 7 months ago
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Kevin Sekniqi, co-founder of Ava Labs, made significant statements regarding the future of the Avalanche (AVAX) network. Sekniqi noted that in recent years, the network has concentrated on horizontal expansion and is poised to dominate in this area. He emphasized that the next step is to focus on vertical expansion, which will be centered around more powerful hardware. Sekniqi’s remarks provide insights into plans aimed at strengthening the technical infrastructure of the Avalanche ecosystem.

Contents
Avalanche’s Priority Now Lies in Horizontal ExpansionPowerful Hardware Will Be Key to Vertical Growth

Avalanche’s Priority Now Lies in Horizontal Expansion

In recent years, Avalanche has prioritized technologies like application chains to enhance horizontal scalability. This strategy aims to allow more projects to operate on the Avalanche network, thereby expanding its ecosystem. The network has made significant progress during this horizontal growth phase and aims to soon achieve a leading position in this domain.

However, Sekniqi pointed out that merely focusing on horizontal expansion will not suffice. He stated that to efficiently handle more complex and larger transactions, the network needs to pursue vertical growth.

Powerful Hardware Will Be Key to Vertical Growth

Vertical expansion is an approach aimed at increasing transaction capacity and efficiency in blockchain networks like Avalanche. According to Sekniqi, achieving this goal will require the use of larger and more powerful hardware. Strengthening the hardware infrastructure will enable the network to carry out more complex transactions seamlessly.

Sekniqi’s statements serve as a roadmap for the Avalanche community. Significant changes in the network’s technical infrastructure are expected in the near future, with vertical expansion supported by more robust hardware enhancing both the performance and scalability of the altcoin project.

According to CoinMarketCap data, Avalanche’s mainnet asset AVAX is trading at $28.88, reflecting a 2.41% increase in the last 24 hours. This current price level is 80.28% lower than the altcoin’s all-time high of $146.22 reached on November 21, 2021.

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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.

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İlayda Peker 13 October, 2024 - 10:32 am 13 October, 2024 - 10:32 am
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