Cointime

Download App
iOS & Android

Alibaba Cloud Expands to Support Validators and Infrastructure on Avalanche Public Blockchain

Validated Project

Alibaba Cloud, the largest cloud service provider in Asia Pacific, has expanded their line of infrastructure technology and intelligence tools to the Avalanche public blockchain, enabling users to launch validator nodes through the service and access computing, storage, and distribution resources through Alibaba Cloud’s suite of products in Asia.

Avalanche is an eco-friendly smart contract platform built for the scale of global finance. It features near-instant transaction finality, and a novel scaling technology that enables both institutions and individuals to build custom blockchains-as-a-service.

Avalanche developers looking to launch new Avalanche validators can do so easily with Alibaba Cloud’s plug-and-play infrastructure as a service (IaaS). Application developers can also add additional cloud infrastructure to support their app in times of peak demand to keep pace with user activity.

Established in 2009, Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, is Asia Pacific’s leading IaaS provider, according to Gartner. It provides a comprehensive suite of cloud computing services to customers worldwide, including elastic computing, database, storage, network virtualization, large-scale computing, security, management and application services.

Since launching in September 2020, Avalanche is one of the fastest organically growing ecosystems in digital assets. It now has over 1,000 projects building on the platform, including top-tier DeFi projects like Aave, Curve, BENQi, Sushi, and Chainlink, and enterprise applications for leaders like Deloitte and Lemonade.

The network is currently secured by more than 1,200 validators and processes on average two million transactions on a daily basis. Avalanche is breaking new all-time highs in user activity, including 133M aggregate transactions in Q3 2022, a +1,678% increase over Q3 2021.

To celebrate this integration, Alibaba Cloud is offering Avalanche developers credit towards any of their services. Alibaba Cloud’s special promotion page for Avalanche developers is live: https://www.alibabacloud.com/campaign/avalanche-partnership.

For more information on how to set an Avalanche node with Alibaba Cloud please read this blog: https://www.alibabacloud.com/blog/avax-naas-node-as-a-service-on-alibaba-cloud_599481?spm=a2c65.11461471.0.0.61786551L0HJ8E

Comments

All Comments

Recommended for you

  • Indonesian President: $8.6 billion laundered through cryptocurrency in 2021

    According to Golden Finance News, Indonesian President Joko Widodo stated that he has noticed signs of money laundering through cryptocurrency in 2021, amounting to $8.6 billion (IDR 139 trillion). In addition to cryptocurrencies and NFTs, the president emphasized the need to monitor other potential money laundering tools, including virtual assets, market activities, e-currencies, and AI-driven transactions. Mahendra Siregar, Chairman of the Financial Services Authority (OJK) Committee, responded to the President's directive, stating that when cryptocurrency regulation is transferred to the OJK next year, his agency will supervise these issues.

  • BTC breaks through $67,000

    Tthe market shows that BTC has broken through $67,000 and is now trading at $67,025.99, with a daily increase of 1.12%. The market is volatile, please be prepared for risk control.

  • Bitcoin spot ETF had a total net inflow of $31.6354 million yesterday, and the ETF net asset ratio reached 4.27%

    According to SoSoValue data, the total net inflow of Bitcoin spot ETF was $31.6354 million on April 23 (US Eastern Time).Grayscale ETF GBTC had a net outflow of $66.8838 million on April 23, and the historical net outflow of GBTC is $16.833 billion.The Bitcoin spot ETF with the highest net inflow on April 23 was BlackRock ETF IBIT, with a net inflow of $37.9233 million in a single day, and the historical total net inflow of IBIT has reached $15.479 billion.The second highest was the ARKB ETF from Ark Invest and 21Shares, with a net inflow of $33.282 million in a single day, and the historical total net inflow of ARKB has reached $2.267 billion.As of now, the total net asset value of Bitcoin spot ETF is $55.82 billion, and the ETF net asset ratio (the proportion of market value to the total market value of Bitcoin) is 4.27%, with a historical cumulative net inflow of $12.416 billion.

  • CZ announces Giggle Academy logo and design ideas

    CZ has released the Giggle Academy Logo and its design concept. He hopes that the logo can showcase youthfulness, fun, positive energy, and growth while continuing the "Binance tradition":

  • Ethereum liquidity re-staking agreement TVL exceeds US$9.4 billion, of which Renzo TVL increased by 12.34% in 7 days

    DeFiLlama data shows that the TVL of Ethereum's liquidity re-staking protocol has risen to $9.445 billion. The top five protocols ranked by TVL are:

  • MEME sector rose across the board, and BONK rose 81.4% in the past 7 days

    Golden Finance reported that according to data, the current market value of MEME coin is 57.872 billion US dollars, with a 24-hour increase of 2.1%. In addition, in the past 24 hours, the global trading volume of Meme coin has reached 5.6 billion US dollars. Among them:

  • Grayscale Ethereum Trust to be listed on NYSE Arca

    Grayscale Ethereum Trust (Grayscale ethereum trust) plans to go public on the NYSE Arca (New York Stock Exchange Growth Board Market) with the code "ETHE".

  • GBTC had a net outflow of US$67 million yesterday, and IBIT had a net inflow of US$37.8 million

    According to HODL15Capital data, on April 23, GBTC had a net outflow of $67 million, while the Belad IBIT had a net inflow of $37.8 million, EZBC had a net inflow of $2 million, and BITB had a net inflow of $23 million. Based on current data, only $4.2 million is needed for net inflows for spot Bitcoin ETFs.

  • Shanghai Municipal Party Committee Secretary: Welcome Standard Chartered to establish more new institutions, new businesses and new platforms such as blockchain in Shanghai

    Chen Jinong, the Secretary of the Shanghai Municipal Party Committee, met with Weihao Si, the Chairman of the Board of Directors of Standard Chartered Bank, and Mark William D'Arcy, the Executive Director, and some members of the Board of Directors yesterday morning. Chen Jinong stated that he welcomes Standard Chartered Bank to leverage its own advantages, strengthen strategic connections, place more new institutions, businesses, and platforms such as wealth management and blockchain in Shanghai, focus on deepening pragmatic cooperation in technology finance, green finance, digital finance, and create more application scenarios, and provide comprehensive and professional service support for enterprises to go abroad.

  • Vitalik: Humanity needs to create a world where blockchain and artificial intelligence work together

    Vitalik Buterin, the founder of Ethereum, stated at BiddleAsia 2024 held at Signiel Seoul in the Songpa district on March 28 that artificial intelligence is a huge market and its importance is increasing day by day. We need to create a world where blockchain and artificial intelligence work together. Artificial intelligence can now create applications with 100 to 500 lines of code. Vitalik also stated that the ability to write 10,000 lines of code can eliminate most of the bugs in the Ethereum virtual machine.