An Avalanche of novelties – Avalanche (AVAX) is a blockchain smart contracts called EVM-compatible. With its 10 billion dollars in TVL, it ranks 4th in the ranking of blockchains for DeFi. This could well meet a new craze following its integration into the Coinbase Cloud platform.
Coinbase Cloud integrates Avalanche
Coinbase Cloud is a platform developed by the eponymous company, with the aim to help Web3 developers. In practice, it offers a series of services such as a application programming interface (API) or Rosettaa product to facilitate the development of cross-chain solutions.
Tuesday, March 22, Coinbase Cloud announced the addition of the Avalanche ecosystem to its platform dedicated to Web3 developers.
“Coinbase Cloud is committed to supporting the Avalanche ecosystem, making it easier and faster for developers to build innovative applications and unlock new use cases. »
Coinbase Official Announcement
Therefore, developers will now be able to integrate and use the unique features of the Coinbase Wallet SDK. This allows both to facilitate connections to decentralized applications as well as to buy AVAX in fiduciary currencies via the Coinbase service.
In addition, they will also be able to take advantage of the features Query and transaction allowing them to easily access data from the Avalanche blockchain.
“ With Query & Transact, developers have reliable read/write access to data with a 99.9% uptime guarantee. »
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Finally a bridge between Bitcoin and Avalanche
In parallel with this addition to Coinbase Cloud services, Avalanche continues its expansion, particularly in the area of interoperability.
Thus, the project teams announced the development of a bridge connecting Avalanche to the Bitcoin network. This announcement was made during the Avalanche Summit, which took place from March 22-27 in Barcelona.
The final release of this bridge between the two channels should take place during the second quarter of the year. This addition will allow Avalanche DeFi to take advantage of the robustness of the BTC token.
“ By expanding support for bitcoin, the Avalanche Bridge will unlock a multi-billion dollar asset that has yet to fully join DeFi and Web3 applications at the scale of user demand. »
At the same time, Avalanche has also announced that it is working on improving the safety of its bridge. Indeed, DeFi bridges are critical infrastructures on which a security breach can lead to systemic risks for all the blockchains connected to them.
At the beginning of the year, Vitalik Buterin had sounded the alarm about the security of cross-chain bridges. Indeed, the latter can prove fatal for certain blockchains which would face a 51% attack.
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