Alibaba Cloud or Aliyun is a division of the Chinese e-commerce giant Alibaba and has recently announced its collaboration with the Avalanche blockchain. This collaboration is to support Alibaba’s Node-as-a-Service activities in Asia. Read about the whole news of Avalanche’s Collaboration with Alibaba Cloud’s Infrastructure Services in this blog.
Avalanche Tweeted: -
“Alicloud’s infrastructure technology and intelligence tools provide greater access to computing, storage, and distribution resources for anyone to spin up a node on Avalanche, further boosting the decentralization of the network.”
Outcome Of Avalanche’s Collaboration with Alibaba Cloud’s Infrastructure Services
Through this collaboration of Alibaba Cloud and Avalanche, Avalanche will create the tools necessary for users in Asia to set up validator nodes on their public blockchain platform. And this integration will help Avalanche developers to launch new validators using Alibaba Cloud's plug-and-play infrastructure as a service.
Developers can take advantage of additional resources provided by Alibaba Cloud, including computation, storage, and distribution if they anticipate significant resource demands during peak hours. The avalanche developers are also offered some additional benefits for any services they provided.
More than 1200 validators and 2 million transactions are processed daily by Avalanche, which is expected to have a significant future in Alibaba's cloud. Avalanche is also breaking records, with 133 million total transactions in Q3 2022, an increase of 1,678% over Q3 2021.
Before Alibaba's Cloud infrastructure was formally announced, even Deloitte and Lemonade built their Decentralized Autonomous Organizations (DAO) on Avalanche.
Alibaba Following The Googles Footstep
In the past few months, Google sees collaborating with blockchain and metaverse-related platforms to be a part of the ongoing trends. And this decision of collaborating with Avalanche blockchain and Alibaba cloud infrastructure services seems like one. As recently google cloud also collaborated with Ethereum for the launch of a cloud-based Blockchain Node Engine.
History Of Alibaba Cloud
According to Gartner, Alibaba Cloud, the digital technology and intelligence core of the Alibaba Group was founded in 2009 and is currently the largest IaaS provider in the region. With regard to elastic computing, databases, storage, network virtualization, large-scale computing, security, administration, and application services, it offers a complete range of cloud computing services to clients throughout the world.
About Avalanche
Avalanche is a green smart contract platform designed for the size of the world's financial system. It has revolutionary scaling technology that enables both organizations and individuals to create customized blockchains-as-a-service and close-to-instantaneous transaction finality.
The most well-known features of Avalanche are 's nearly instantaneous transactions, affordable gas costs, and a dependable network. Avalanche is the layer 1 open and programmable smart contracts platform for decentralized applications.
This news has given a hike for the Avalanche’s native token AVAX of 13.71% in the week. Not to mention that the crypto winter has been attacking the market cap of the token this whole year. At the time of writing, the price of AVAX is ₹1,159.00 with a market cap of ₹359,703,138,968 (according to the coinmarketcap).
Avalanche has experienced one of the quickest organic growth rates among digital asset ecosystems since its launch in September 2020. Aave, Curve, BENQi, Sushi, and Chainlink are among the top DeFi projects being developed on the platform. Along with these, the platform provides business solutions for industry titans Deloitte and Lemonade.
Final Thought
This whole year has been in bearish mode but the crypto or blockchain adoption was huge regardless of that. Alibaba's collaboration with the Avalanche blockchain is considered a win-win for both organizations. The cloud system has the support of blockchain and the avalanche developer will get the benefits and services from Alibaba.
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