built to handle the demands of the future, according to Ava Labs CEO.
Emin Gün Sirer, the head of Ava Labs, has clarified that Avalanche was not intended to be an “Ethereum killer,” contrary to popular belief. He explained that this notion was created by marketing managers at Consensys, a blockchain tech firm founded by Joseph Lubin, one of Ethereum’s co-founders. Speaking at the Token2049 conference, Sirer emphasized that Avalanche has always been complementary to Ethereum.
While recognizing Ethereum’s significance in the blockchain ecosystem, Sirer highlighted Avalanche’s unique capability to deploy independent blockchains with different rules, which he believes Ethereum is incapable of doing. He also pointed out the superior speed of Avalanche’s consensus protocols compared to Ethereum’s, stating that it puts Avalanche in a different league.
Sirer reiterated Avalanche’s mission to advance blockchain technology by introducing new tokens and assets into the blockchain space. He emphasized the platform’s commitment to innovation and progress.
In response to allegations made in August 2022 by the whistleblower website Crypto Leaks, which claimed that Ava Labs paid the law firm Freedman Roche in tokens and equity to file class-action lawsuits against competitors, Sirer dismissed the claims as conspiracy theories. He categorically denied engaging in any unlawful or unethical behavior, stating that the allegations were baseless and intended to serve the interests of the individuals making them.
The Avalanche Foundation recently announced that it will only support meme coins on its blockchain, introducing new criteria for projects seeking its backing.
