The Avalanche.
Natchapol18
The market has had a rough week. The market value was wiped out in a matter of days after investors dumped their holdings. One coin has bucked the trend.
In the week to Thursday, the avax token was up by over 20%, compared with losses of around 9% in bitcoin and 11% in direct rival ether.
Emin Gn Sirer, the chief executive of the developer, revealed on Wednesday that they had a partnership with the "Big Four" accounting firm. On Thursday, the price of avax was around $110 on the exchange.
Emin Gn Sirer, founder of the avalanche, said in a statement that the company is partnering with Deloitte to build more efficient disaster relief platforms.
According to the press release, the disaster recovery platform will be built by the government crisis management services of the accounting firm. The "Close as You Go Service" will help simplify applications for reimbursements.
The new platform gives state and local officials a low-cost and fully-improvised system that allows them to empower both grant funders and aid recipients.
A big consulting firm is using the technology. One of the world's four largest accounting firms are all from the same family.
Sirer said that the effort combines the speed, resilience and adaptability of Avalanche with the knowledge of the Fortune 100.
One of the key elements to the future of finance is smart-contracts, which allow two parties to execute a transaction automatically, with no middleman, when certain criteria are met.
The avax token is one of the strongest performing cryptocurrencies this year, with a gain of over 3000%, behind the top performing sol token, which is up around 14,000%.
Business Insider has an original article.
