In March of this year, Avalanche launched an exciting collaboration with esports giant TSM, aiming to transform the experience of 30 million gamers around the world. TSM, a company focused on global esports, video games and creators, will use Avalanche's technology to revolutionize the way the gaming industry works, as its competitive gaming platform Blitz. The partnership names Avalanche as the exclusive partner for TSM and Blitz.
Blitz subnet and $AVAX token
Blitz will build a subnet on Avalanche based on a total of 30 million game users, maximizing speed, security and scalability through custom blockchains. TSM will host Avalanche-branded tournaments on the Blitz subnet to help gamers improve their skills through performance insights and learning tools, and allow players to win prizes in Blitz Arena.
Blitz’s subnet will use $AVAX as transaction fees and consume a portion of $AVAX fees on every transaction players make. In the future, the Blitz subnet plans to gradually evolve into an Elastic Subnet to achieve greater community participation by allowing users to verify the subnet.
Avalanche Summit 2023
Additionally, the Avalanche Summit will be held in Barcelona, Spain, on May 2-3. The speech topics at this summit include "GameFi", "Art on the Chain", "Stablecoin", "Institutional Layout", etc. Participating teams include Ava Labs, BenQi, YieldYak, Circle, WOO Network, Kraken, Aave, TechCrunch, etc. We can expect more news about the Avalanche ecosystem to be announced by then.
Avalanche’s technical advantages: Avalanche’s processing speed far exceeds that of Bitcoin and Ethereum. Bitcoin’s proof-of-work (PoW) mechanism can only handle 7 transactions per second, while Ethereum’s proof-of-stake (PoS) mechanism can handle 14 transactions per second. In comparison, Avalanche’s Avalanche consensus mechanism can handle up to 4,500 transactions per second.
Avalanche’s three blockchains
The Avalanche protocol contains three different blockchains, namely "P chain", "X chain" and "C chain". Each has its own functions and can be converted across chains, making it easier for users to utilize assets.
AVAX X chain: Function: Responsible for establishment and transaction
Features: Mainly responsible for the establishment and transaction of assets. Most users use this chain when transferring assets or trading assets.
AVAX P chain: Function: storage of data, information, and verification work on the chain
Features: Also known as platform chain or governance chain, its main function is to store data, information, and verification on the chain.
AVAX C chain: Function: Responsible for smart contracts
Features: Also known as the contract chain, it is responsible for smart contract-related functions. This chain is EVM compatible, so it can interact with most smart contracts and can be added to Metamask.
Introduction to the use of AVAX coin: AVAX coin is one of the most widely used public chain coins on the market. It mainly provides the following functions:
Participate in governance and voting: AVAX token holders can participate in governance voting and decide the direction of platform policies, including determining the release speed of AVAX tokens and other parameter settings.
pay processing fees
Participating in on-chain operations will require paying AVAX as a fee, just as operating on Ethereum requires ether, and these fees will continue to be burned to maintain the scarcity of AVAX.
Obtain rewards by staking tokens: Holders can also obtain staking rewards by staking tokens. The amount of rewards is distributed proportionally based on the amount pledged. The longer you stake, the greater the rewards. To become a staker of AVAX, you must stake at least 2,000 AVAX for a minimum period of two weeks and a maximum period of one year.
AVAX coin mining tutorial
AVAX has a variety of mining methods, including staking mining and liquidity mining: AVAX staking mining
The pledge mining that requires 2,000 AVAX is currently relatively strict. Anyone who holds tokens and becomes a validator, or pledges AVAX tokens through a validator, can obtain mining rewards. However, to become a validator one must stake 2,000 AVAX.
Conclusion
The collaboration between Avalanche and TSM marks a major breakthrough for blockchain technology in the gaming industry. This will not only improve the experience of gamers, but also create more possibilities for the application of blockchain technology. As the Avalanche Summit approaches, we can expect more news about the Avalanche ecosystem, which will further promote the development of blockchain technology.