Kevin Sekniqi, a former Microsoft engineer, talks about how he started one of the fastest growing Blockchain developers in crypto from Bitcoin mining in his childhood home and talks about an altcoin project he describes as the ‘Apple of the blockchain world’.
Kevin Sekniqi’s crypto journey
In 2010, 16-year-old Kevin Sekniqi discovered posts on Reddit detailing a new coin called Bitcoin. He then started mining cryptocurrencies from his room in Brooklyn, New York. Saying that he didn’t even know how to buy Bitcoin, Sekniqi says the price was a few cents back then.
This altcoin is the Apple of the Blockchain world
In the following years, while working for his Ph.D. degree, in 2016 at Cornell University, Professor Emin Gün Sirer and other Ph.D. He was involved with his student Maofan “Ted” Yin in a research project that would become Ava Labs, the developer behind the layer-1 Blockchain Avalanche. He says that by creating DApps or decentralized applications on their networks, Avalanche will become the “Apple of the blockchain world.”
Tier-1 projects set themselves apart from their competitors because they have the option to both develop Blockchain and provide existing infrastructure for developers to customize their own. After its launch in September, Ava Labs announced that it had reached a capacity of 4,500 transactions per second. The 28-year-old manager says they “want to make this process completely seamless”.
Despite strong competitors like Avalanche and Solana, experts say Ethereum is persistent
A competitor of Avalanche is Solana, which offers similarly low transaction fees. contains. In the coming months, it is scheduled to begin a series of upgrades on the Ethereum network called “The Merge” or ETH2. This will significantly shorten Blockchain’s transaction time and give so-called “Ethereum killers” a chance to make their money. However, AVAX saw a brief spike in price after crypto investment firm Valkyrie announced an Avalanche Trust for accredited investors to invest in the ecosystem. As Cryptokoin.com reported, as of May 4, it found an investment of 25 million dollars.
At the time of writing, Avalanche (AVAX) is trading at $31.85, down more than 45% since last week.
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