What is AVA Labs?

[crypto1010]

Basically anyone using AVA Labs (www.avalabs.org) can deploy new or existing blockchains on the AVA platform and leverage all the features AVA offers like higher transaction speed than VISA, scalability or immutability. You can deploy a blockchain with your own rules and requirements. To showcase the power of AVA, the team has created ‘Athereum’ a mix between Ethereum and AVA.

Additionally, the platform is also capable of tokenizing and deploying assets through AVAs smart assets primitive. One of the biggest problems with the tokenization of assets is legal compliance, something that AVA is aware of, that’s why the platform can obey special covenants.

According to AVA’s website:

‘AVA democratizes financial markets and bridges all blockchain platforms together into one interoperable ecosystem.

Build your own custom blockchains or digitize any assets with arbitrarily complex rulesets.’

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[1715217792]

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[Ucy]

Seen ava on few places, but I am not very convinced yet. I probably need to do some research before considering it.
Some of the few things I would consider before using the Blockchain(is it a Blockchain?):

- is it open source project,  
- how secure is it, is it developed transparently,
- is prone to abuse or centralization. Don't forget why Blockchain was invented.
- Is it a community project
- how did it get its funding
- who currently controls the project.
— The most important one: does it adhere to important Blockchain ideals like, decentralization, privacy/anonymity, trustless/permissionless, censorship resistant, immutablity, security, deflationary, etc
- Would projects building on ava be made to adhere to those^ principles? Who ensures that they do not derail? The community members made thousands/millions of people or ava team?


Check this out...
Principles of Bitcoin:
https://en.bitcoin.it/wiki/Principles_of_Bitcoin
Not perfect but it's a pretty good foundation to build on