Avalanche CEO

We have all heard of him. He is the person behind the wheel of this enormous ship called Avalanche, which has been disrupting the L1 industry lately.

Certainly, Emin is a capable man that can realize this ecosystem’s vision.

But why is that? Who is he, and what’s his vision for the future?

In this article, we will introduce you to the man driving AVAX’s TVL to new highs and making this newborn blockchain compete directly with the Ethereum behemoth!

Biography

Emin Gün Sirer is a Turkish-American computer scientist, and his contributions to peer-to-peer systems, operating systems, and computer networking are well recognized. 

Sirer is also the creator of the Avalanche Protocol, a project that uses the Avalanche Consensus to develop computer platforms.

Sirer received his undergraduate degree at Princeton University and finished his graduate studies at the University of Washington. He also has a PH.D. in Computer Science and Engineering which he received under the supervision of Brian N. Bershad.

Before his professor career at Cornell University, Sirer worked at AT&T labs.

Sirer is well known for his contributions to operating systems and fundamental cryptocurrency research. 

He published a system called Karma in 2003, which is a cryptocurrency that uses a distributed mint based on proof of work. You could say that he was way ahead of the time!

He has also received awards from the Popular Science magazine and the National Science Foundation.

Karma

Karma was a project initiated by Sirer in 2003.

The project was inspired by P2P file sharing. Back then, file downloading was mainly supported by P2P software. But this system had a significant flaw.

People who downloaded files – also known as leeches – would “take” but not “give”.

Sirer had the idea of creating a decentralized currency that would be used to pay for downloads but would also be rewarded back to those who upload. 

This simple idea aimed to incentivize people to sacrifice their bandwidth to make the network more efficient by balancing the number of people who take and give!

While this was a rebellious concept, no one would fund it amid concerns for money laundering and criminal activity. Astonishingly, Karma used a Proof-of-Work consensus mechanism six years before Bitcoin went live.

Sirer had a break from the concept but came back when Bitcoin showed up to call out the famous issue with Bitcoin. The “Selfish mining.”

The Avalanche Ecosystem

Sirer is the leader of Ava labs, the parent company of Avalanche.

The company focuses on finance applications that use blockchain technology without sacrificing efficiency.

Avalanche is a network that can achieve almost instant transaction finality and is resilient to 51% attacks, which is a common problem for Proof of Stake blockchains.

Avalanche does not employ proof-of-work or mining but instead relies on probabilistic consensus based on sub-sampling, which means it can be secure and fast without being centralized.

What about the Subnets?

Avalanche’s Subnets are a dynamic group of validators who collaborate to reach consensus on the state of a group of blockchains. 

Subnets essentially allow everyone to create their own L1, which can also operate as an L2.

A subnet can be a single customized blockchain or a group of customized blockchains that are validated together.

Avalanche’s default subnet is a base layer that includes the P-Chain, C-Chain, and X-Chain.

In simple terms, Subnets are like L2’s but better as they are more robust and offer more features making them Avalanche’s scaling secret weapon.

The Vision

Sirer was always an advocate of Satoshis’s vision. 

He wants to create an impact by entertaining the idea of decentralization while simultaneously building a fast, affordable, and reliable system.

He is looking into 2030, and he envisions a world that has fully incorporated blockchain technology leaving behind the centralized ideology. 

Right now, Avalanche is focusing on bringing on-board innovative applications that will use the Subnets and showcase what the network is capable of!

You could say that we are on a good path as many DeFi protocols chose Avalanche for their product launch, and a robust community already supports the project.

Considering that more developers jump on the network every day and provide crucial feedback that evolves the ecosystem, Avalanche could achieve their goal way sooner than 2030!

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.