{"id":553828,"date":"2023-10-03T02:00:23","date_gmt":"2023-10-03T02:00:23","guid":{"rendered":"https:\/\/ktsl888.com\/?p=553828"},"modified":"2024-06-11T14:29:49","modified_gmt":"2024-06-11T14:29:49","slug":"firewood-avalanche-avax-20","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/firewood-avalanche-avax-20\/","title":{"rendered":"Firewood Unleashed: Is This the Game-Changer For Avalanche (AVAX) To Hit $20?"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Ava Labs, the developer of Avalanche, the high throughput platform for deploying decentralized applications (dapps) and custom chains, has\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.avax.network\/blog\/introducing-firewood-a-next-generation-database-built-for-high-throughput-blockchains\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">released<\/span><\/a><span data-preserver-spaces=\"true\"> Firewood, an update the team said is a &#8220;multi-year effort that,&#8221; on the eventual rollout, will make blockchain data storage more efficient. Specifically, Ava Labs said Firewood resolves a big concern for expanding blockchains: data management.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Ava Labs Releases Firewood To The Public<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Ava Labs is open-sourcing the code for Firewood for refinement before its final implementation. Eventually, the team wants Firewood to be a choice tool through which blockchain data will be better organized and stored more efficiently. Toward this mission, Ava Labs developers are taking a new approach to storing and managing data, unlike in legacy networks.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Blockchains like Ethereum and Bitcoin use the Merkle Tree structure to organize data. While the system has been replicated widely across emerging ledgers, the Merkle Tree architecture tends to be slow and inefficient whenever the blockchain grows.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/bitcoin-news\/bitcoin-mpi-forms-death-cross-end-rally\/\" target=\"_blank\" rel=\"noopener \">Bitcoin MPI Forms Death Cross, End of The Rally?<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Picking out the flaws in the Merkle Tree system, Ava Labs is building Firewood from scratch but with some &#8220;enhancements&#8221; to the system. Their objective, the statement reads, is to make blockchain data storage and organization smoother. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Firewood doesn&#8217;t rely on generic tools like LevelDB or RocksDB. Ava Labs claim these tools have been a cause of &#8220;misalignment&#8221; leading to &#8220;significant overhead of either disk I\/O, size (not tracking whether state is still used), and serialization\/deserialization of Tree data structures to support high-throughput blockchain workloads.&#8221;\u00a0<\/span><\/p>\n<figure id=\"attachment_553829\" aria-describedby=\"caption-attachment-553829\" style=\"width: 960px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-553829\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/6514525e303afe5d2999e95a_Firewood-Architecture.jpg?resize=960%2C720\" alt=\"Firewood architecture| Source: Ava Labs\" width=\"960\" height=\"720\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/6514525e303afe5d2999e95a_Firewood-Architecture.jpg?w=960 960w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/6514525e303afe5d2999e95a_Firewood-Architecture.jpg?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/6514525e303afe5d2999e95a_Firewood-Architecture.jpg?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/6514525e303afe5d2999e95a_Firewood-Architecture.jpg?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/10\/6514525e303afe5d2999e95a_Firewood-Architecture.jpg?w=750 750w\" sizes=\"(max-width: 960px) 100vw, 960px\"><figcaption id=\"caption-attachment-553829\" class=\"wp-caption-text\">Firewood architecture| Source: Ava Labs<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In light of these inefficiencies, the goal is to make Firewood a replacement &#8220;for the LevelDB\/RocksDB + Merkle Tree.&#8221; Ava Labs claims that firewood can help users organize their data storage more &#8220;efficiently&#8221; with their system. This improvement will allow high throughput storage without constant data cleanup or compression.<br \/>\n<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In the days ahead, Ava Labs revealed that Firewood will be integrated into various parts of the Avalanche. At the same time, the team plans to &#8220;release a series of reproducible benchmarks comparing the performance of Firewood to other blockchain databases.&#8221;<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Will Avalanche Rally To $20 And 2023 Highs?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The release of Firewood is when AVAX, the native token of Avalanche, has been under immense pressure in 2023. The draw-down, fueled by the bear market and recent comments by the Securities and Exchange Commission (SEC) claiming that AVAX is an unregistered security, heaped more pressure on the coin. <\/span><\/p>\n<figure style=\"width: 1233px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/pZNl0i22\/\" alt=\"Avalanche price on October 2| Source: AVAXUSDT on Binance, TradingView\" width=\"1233\" height=\"592\"><figcaption class=\"wp-caption-text\">Avalanche price on October 2| Source: <a href=\"https:\/\/www.tradingview.com\/x\/pZNl0i22\/\" target=\"_blank\" rel=\"noopener nofollow\">AVAXUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">AVAX is changing hands at $9.53, up 11% from September 2023 lows. However, the coin is down roughly 60% from 2023 highs at around $20.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-bloodbath-in-the-horizon-report-casts-doubt-on-recent-rally\/\" target=\"_blank\" rel=\"noopener \">XRP Price Bloodbath On The Horizon? Report Casts Doubt On Recent Rally<\/a><\/div>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ava Labs, the developer of Avalanche, the high throughput platform for deploying decentralized applications (dapps) and custom chains, has\u00a0released Firewood, an update the team said is a &#8220;multi-year effort that,&#8221; on the eventual rollout, will make blockchain data storage more efficient. Specifically, Ava Labs said Firewood resolves a big concern for expanding blockchains: data management.\u00a0 Ava Labs Releases Firewood To The Public Ava Labs is open-sourcing the code for Firewood for refinement before its final implementation. Eventually, the team wants Firewood to be a choice tool through which blockchain data will be better organized and stored more efficiently. Toward this mission, Ava Labs developers are taking a new approach to storing and managing data, unlike in legacy networks.\u00a0 Blockchains like Ethereum and Bitcoin use the Merkle Tree structure to organize data. While the system has been replicated widely across emerging ledgers, the Merkle Tree architecture tends to be slow and inefficient whenever the blockchain grows.\u00a0 Related Reading: Bitcoin MPI Forms Death Cross, End of The Rally? Picking out the flaws in the Merkle Tree system, Ava Labs is building Firewood from scratch but with some &#8220;enhancements&#8221; to the system. Their objective, the statement reads, is to make blockchain data storage and organization smoother. Firewood doesn&#8217;t rely on generic tools like LevelDB or RocksDB. Ava Labs claim these tools have been a cause of &#8220;misalignment&#8221; leading to &#8220;significant overhead of either disk I\/O, size (not tracking whether state is still used), and serialization\/deserialization of Tree data structures to support high-throughput blockchain workloads.&#8221;\u00a0 In light of these inefficiencies, the goal is to make Firewood a replacement &#8220;for the LevelDB\/RocksDB + Merkle Tree.&#8221; Ava Labs claims that firewood can help users organize their data storage more &#8220;efficiently&#8221; with their system. This improvement will allow high throughput storage without constant data cleanup or compression. In the days ahead, Ava Labs revealed that Firewood will be integrated into various parts of the Avalanche. At the same time, the team plans to &#8220;release a series of reproducible benchmarks comparing the performance of Firewood to other blockchain databases.&#8221; Will Avalanche Rally To $20 And 2023 Highs? The release of Firewood is when AVAX, the native token of Avalanche, has been under immense pressure in 2023. The draw-down, fueled by the bear market and recent comments by the Securities and Exchange Commission (SEC) claiming that AVAX is an unregistered security, heaped more pressure on the coin. AVAX is changing hands at $9.53, up 11% from September 2023 lows. However, the coin is down roughly 60% from 2023 highs at around $20. Related Reading: XRP Price Bloodbath On The Horizon? Report Casts Doubt On Recent Rally Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":553830,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[9885,1020,1946,89547,89548],"class_list":["post-553828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche","tag-blockchain","tag-ethereum","tag-firewood","tag-merkel-tree"],"acf":[],"yoast_head":"\n<title>Firewood Unleashed: Is This the Game-Changer For Avalanche (AVAX) To Hit $20?<\/title>\n<meta name=\"description\" content=\"Ava Labs, the developer of Avalanche, has\u00a0released\u00a0Firewood to eventually make blockchain data storage more efficient\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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