Tencent Partners with Avalanche
After Alibaba and Amazon AWS, now it’s time for Tecent to join the Avalanche blockchain. Emin Gün Sirer explains in the video bellow how the partnership will work and how it can benefit the Avalanche ecosystem:
Tencent is bringing Avalanche technology to millions of developers on Tencent Cloud.
To accelerate Avalanche’s expansion in the APAC region, a fully-dedicated Avalanche node has been set up on Tencent Cloud infrastructure to support rapid and efficient node deployment for developers and validators.
Security checklist for developers: http://tiny.cc/security_checklist
Advisory Business (SEC): http://tiny.cc/CFO-ADV2B
Tencent is a Chinese multinational firm that provides a wide range of services and goods related to the Internet. The company’s headquarters are in Shenzhen, China, and it was created in 1998. WeChat, QQ, and other social media platforms, together with video games, movies, music, online shopping, and cloud computing are all part of Tencent’s commercial portfolio.
Cloud computing services are offered to companies and institutions all around the world by Tencent Cloud, a wholly owned subsidiary of Tencent. Computing, networking, storage, and security are just few of the many services it provides.
In 2021, Tencent announced that 1.25 billion people worldwide used WeChat each month out of a total of 1.25 billion. The total number of active users on Tencent Cloud is not known to the public.
Avalanche is a decentralized blockchain network that was first introduced in 2020. Its goal is to create a highly scalable and interoperable ecosystem for the creation of decentralized apps (dApps) and smart contract deployment.
One of the most important aspects of Avalanche is its consensus method, known as Avalanche-X. This consensus technique allows the network to execute transactions quickly, with finality attained in a matter of seconds. It also has a high throughput, allowing it to process thousands of transactions per second (TPS).
Another critical feature of Avalanche is its subnets functionality. This enables the formation of several blockchains inside the Avalanche network, each with its own collection of validators, consensus rules, and virtual machines. Developers may use this capability to create customized environments for their dApps, giving them more freedom and control over their projects.
Avalanche is also intended to work well with other blockchains. This implies that assets and data may be easily exchanged between Avalanche and other networks like Bitcoin or Ethereum. The implementation of a bridging mechanism, which allows the development of bridges between Avalanche and other chains, facilitates this interoperability.
The partnership between Avalanche and Tencent is a important pace to the whole industry.