For those who closely examine blockchain technology, the question of who is Avalanche founder Emin Gün Sirer is a matter of curiosity. Known as the power behind the token, which investors know as AVAX, Prof. Dr. Emin Gün Sirer is actually the creator of a much larger ecosystem. Avalanche (AVAX), which is ranked 12th in all cryptocurrencies according to CoinMarketCap data, is in a very good condition and has a market value of more than $ 17 billion.
Born in Turkey in 1971, Sirer is the founder and CEO of Ava Labs investments. He received a qualified high school education at Robert College and won Princeton University Information Technologies with a full scholarship. Sirer, who graduated from the Washington University doctorate program in Information Engineering sub-branch, first became an associate professor and then a professor at Cornell University. He is the chair of the IC3 namely Initative fo Cyrptocurrencies and Contracts of the same university.
Sirer, who talked about the possibility of the formation of digital currencies years before Bitcoin was released and published many studies that were the first on this subject with his friends, had interesting ideas about “how the internet could be safer” and “peer-to-peer payments” in those years. Of course, even he himself could not predict that the crypto ecosystem could evolve into this state.
What are Emin Gün Sirer's Achievements?
prof. Dr. Emin Gün Sirer's life has been spent researching and developing blockchain technology. Having spent his academic life with his theses on blockchains, Sirer has done many researches on proof-of-work. His work in the development of Internet technology focused on Web 1.0, Web 2.0 and eventually Web 3.0 developments with Ava Labs.
Announcing his name for solving the vulnerability he found on the FBI website with a decentralized method, Sirer became more interested in this field and founded the Avalanche formation. Since his previous article on Bitcoin mining has been the source of many academic studies, he has become a respected name of all geniuses working in this field. He even found himself in the category of the 10 most striking scientists of 2007.
Emin Gün Sirer claims that due to the impact of contemporary economic approaches on Bitcoin and the rewards given to miners, BTC, which is actually built on decentralization, is gradually moving away from it. To solve this, he allocates a lot of resources to the Avalanche formation, which is seen as a rival of Ethereum today.
Today, when Avalanche is mentioned, it is perceived as a Turkish initiative, and because BTCTurk is the stock market where it is traded the most, it provides attention to our country. Known as the 12th strongest cryptocurrency in the market, AVAX increases its volume simultaneously with the growth of the ecosystem it is a member of.
What is the Future of Project Avalanche?
Avalanche Protocol, which allows the establishment of many different platforms on it, is now the source of many software that attracts everyone's attention and has millions of users in the crypto money industry. For those who don't know, let's say; Metamask, Pangolin, AAVE, Kalao and Curve.
These popular applications not only provide wallet security for users, but also respond to the needs of those who do not want to use cold wallets. With the Apricot update, which has a very fast transaction capacity, it seems that they will reach the potential to reach faster results than their competitors ETH and Solana networks.
Emin Gün Sirer and his team will continue to be successful as they have found a solution to a very important problem and expanded their ecosystems day by day, successfully completed the updates and added dynamism to the sector with their collaborations. You can refer to the websites of Ava Labs and Avalanche projects for details of the project and what Emin Gün Sirer and his team have done.