Avalanche co-founder Kevin Sekniqi revealed his personal wishlist for the development of blockchain in the coming year. This follows Vitalik Buterin’s publication on Ethereum’s roadmap for 2024. Although these are his own aspirations, this plan reflects many projects already planned for crypto in 2024.
Major technical upgrades to compete with Ethereum
Kevin Sekniqi first imagines radical improvements to the Avalanche protocol itself. The main objective is to drastically reduce the finality time of crypto transactions. That is to say, the time required to validate and secure a transaction on the blockchain. Currently 2 seconds, this delay could drop to less than 250 milliseconds according to Sekniqi.
Furthermore, he wishes to set up a mode of “rapid optimistic finality”. This would allow finality in just 1 or 2 validation rounds, or in a fraction of a second. Such performance gains would propel Avalanche to the rank of the fastest networks. Significantly improving the experience of crypto users and developers.
Among the other avenues mentioned are increasing network capacities. But also the in-depth overhaul of the source code to simplify it. Without forgetting the upgrade of databases to optimize reads and writes or the improvement of subnets. All in all, Avalanche should be a technically flawless blockchain.
A crypto ecosystem optimized to conquer developers and users
Beyond the technical aspects, Kevin Sekniqi insists on developments intended to concretely improve the use of Avalanche. Which will be beneficial for crypto developers and users.
For example, he wants to bring to maturity components like AWM (Avalanche Wallet Messaging) and Teleporter. These tools should enable near-instantaneous transitions of assets and data between the different Avalanche chains. The goal is to make Avalanche the network with the smoothest experience possible.
Another objective: evolve HyperSDK, the Avalanche development kit, so that it becomes a complete toolbox. Allowing you to easily personalize all the components of the chains. This development would make experimentation easier for developers.
Finally, Sekniqi relies heavily on HyperVM, the native virtual machine developed by Ava Labs. It will unlock performances previously unattainable on Avalanche. According to him, it could revolutionize the capabilities of the network and crypto itself.
Through this roadmap revealed by Kevin Sekniqi, we measure Avalanche’s great ambitions. With the ulterior goal of catching up with Ethereum. Whether in terms of raw network performance or user experience, the planned developments are as numerous as they are promising. It remains to be seen whether this will be enough for Avalanche to succeed against a maturing Ethereum.
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