- ContinuumDAO’s integration with the Avalanche ecosystem marks a significant milestone, leveraging Avalanche’s scalability and fast transaction finalization.
- The peer-to-peer node network, known as the Continuum, promises to play a pivotal role in web3 architecture by facilitating cross-chain functionality.
In a major announcement on Thursday, July 11, the decentralized MPC network ContinuumDAO announced its integration with the Avalanche ecosystem, a smart contracts platform known for its infinite scalability and rapid transaction finalization. The integration of C3Caller into ContinuumDAO’s testnet represents a substantial advancement for the organization.
“We’re thrilled to join @avalanche, leveraging its powerful capabilities to enhance interaction within our framework,” stated a spokesperson from ContinuumDAO, highlighting the promising opportunities brought forth by this collaboration.
🙌 We’re really thrilled to join the @avax ecosystem, a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. #C3Caller seamlessly integrates Avalanche and will be available on our #testnet.
🤝 This integration marks a… pic.twitter.com/p7m9A9nHYS
— ContinuumDAO (@ContinuumDAO) July 10, 2024
ContinuumDAO aims to provide a critical service through an advanced peer-to-peer node network designed to interconnect blockchains. Each node will join others in collectively signing transactions using a Secure Multiple Party Computation (SMPC) based Threshold Signature Scheme (TSS).
These interconnected nodes, collectively referred to as the Continuum, will also play a foundational role in web3 architecture. Moreover, they will serve as essential infrastructure for various protocols, facilitating functionalities such as routing, cross-chain messaging, and NFT bridges. The Continuum nodes aim to enable connectivity across all Ethereum Virtual Machines (EVMs) and nearly all non-EVM blockchains.
Avalanche Partnerships And AVAX Price Action
Over the past few months, the Avalanche blockchain network has been forging a few key partnerships. Per the Crypto News Flash report, the Avalanche Network got a major boost following the alchemy’s protocol disclosure that it supports the Avalanche C-Chain. This integration with the Alchemy Protocol will significantly improve the functioning and the adoption of the Avalanche network as well as trigger a renewed interest in its native cryptocurrency AVAX.
The Avalanche (AVAX) price is currently trading 1.01% down at $25.59 with a market cap of $10.093 billion. Amid the broader market correction, the AVAX price has tanked more than 22%.
Similarly, Gamestarter and Ava Labs have announced a strategic collaboration aimed at introducing Gamechain, a pioneering product on the Avalanche blockchain. Gamechain represents a layer one solution tailored specifically for Web 3 games, signaling a significant advancement in blockchain gaming technology, per the CNF update.
