Tools for launching validator nodes on Avalanche’s public blockchain platform in Asia will be developed through Avalanche’s partnership with Alibaba Cloud.
An integration with the Avalanche blockchain to power the company’s Node-as-a-Service initiatives was announced by Alibaba Cloud, also known as Aliyun, a subset of Chinese e-commerce giant Alibaba.
Tools for launching validator nodes on Avalanche’s public blockchain platform in Asia will be developed through Avalanche’s partnership with Alibaba Cloud.Avalanche developers will be able to use Alibaba Cloud’s plug-and-play infrastructure as a service to launch new validators thanks to the integration.
Developers who anticipate high resource demands during peak hours can also use Alibaba Cloud’s additional computing, storage, and distribution resources.
Avalanche hosts over 1,200 validators and processes approximately 2 million daily transactions, according to the announcement.
Given that Alibaba Cloud is the largest Asian cloud service provider in the Asia-Pacific region, the partnership is massive.
Alibaba Cloud ran a special promotion as part of the integration, giving Avalanche developers credit toward any of their services. Over 1,000 projects use Avalanche at the moment, including decentralized finance (DeFi) ecosystems like Aave AAVE tickers down 64.12 dollars, Curve, BENQi, Sushi, and Chainlink LINK tickers down 7.45 dollars.
Bo Shen, a general partner of the Fenbushi Capital, a venture capital fund advised by Vitalik Buterin, claimed that his Trust Wallet had lost $42 million.
Shen confirmed that he owned the drained funds and had no connection to Fenbushi Capital:
The incident has been reported to the authorities in the area. Lawyers and the FBI have both been involved.Justice and civility will eventually prevail over evil and barbarism. Human society’s inescapable rule is this. It will only take time.
SlowMist, a blockchain analytics company, later confirmed that Shen had lost money and that Trust Wallet did not have any security issues.