important point
- Avalanche is the 15th largest cryptocurrency in the world by market cap.
- John Nahas, VP of Business Development at the company behind Avalanche, Ava Labs joins the podcast
- He chats about the recent (2020) launch of bull and bear markets, attempts to solve the blockchain trilemma, Avalanche’s energy output, tribalism in cryptocurrencies, regulation, and more.
The cryptocurrency industry has not existed for a long time. Bitcoin is the grandparent of this space, yet he only launched 13 years ago.
But even in this young industry, Avalanche stands out for its youth. Launched in late 2020 when the cryptocurrency bull market began to intensify, it quickly established itself among the top projects. Today, he is the 15th largest coin by market capitalization.
In the latest episode of the CoinJournal podcast, we interviewed John Nahas, VP of Business Development at Ava Labs, creators of Avalanche.
We discussed the rollercoaster ride of the past few years for cryptocurrencies and how to enter such an auspicious market environment. Of course, we also talked about the recent bear market and how this has affected projects and cryptocurrencies as a whole.
One thing I’ve enjoyed doing is pouring cold water on the toxic tribalism that cryptocurrencies are so bad at. I have written extensively about this partisan attitude, the my coin is better than yours attitude of cryptocurrencies. This maximalism was also frustrating for John, who quickly brushed aside the ‘ETH killer’ narrative that had surfaced about Avalanche and other blockchains in the space.
We talked about Avalanche technology and why John thinks he has solved the blockchain trilemma. John also touched on the energetic side of things. This is like an add-on to the growing trilemma of recent years, as certain cryptocurrencies are exposed to the burden of hefty energy bills.
We also discussed the gray area that is regulation. Specifically, we also discussed Avalanche and how staking could be impacted. John emphasized that the recent penalties against Kraken are for failure to make proper disclosures, not for the staking act itself.
These are just a few of the larger topics we covered. If you are interested in Avalanche, please listen to it.
Listen to podcasts on various platforms here:
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Follow Avalanche: @AvalancheAvax
Click here for details www.avax.network/community
Follow Ava Labs: @AvaLabs Official
follow john @SJohh_Nahas