Avail announces the farewell of the research lead Prabal Banerjee of Ethereum scaling project Polygon as he is ready to join its off-shoot Avail, a modular blockchain project as a co-founder.However polygon declined to comment on Banerjee’s departure.
In an interview to The Block “I had been working on Avail with Anurag since joining Polygon in 2020, starting with the first design to creating proof of concept and then launching on testnet.” He further added “I believe in the Avail mission and the team behind Avail, and it only made sense for me to target my entire focus to it
AVAIL : A MODULAR BLOCKCHAIN PROJECT
Initiated in late 2020, Avail was publicly introduced by Polygon in mid-2021 as a modular blockchain project that allows developers to build customizable and scalable applications.Unlike monolithic blockchains — such as Ethereum and Solana — modular blockchains break down the essential functions of consensus, security, data availability and execution, and handle them separately.This enables developers to design fast, efficient, and scalable applications.With its platform the project hopes to serve standalone chain developers as well as scaling projects.
Banerjee remarked “Blockchain development is a very niche space due to various complexities that involve spinning up a chain, and it shouldn’t be.That’s why we want to offer a robust and secure data availability API so that chain developers can bootstrap security in minutes and concentrate on business and execution logic.”
Avail is currently live on a trial basis and it is expected to be launched around the fourth quarter of this year, as informed by Banerjee. Currently nearly 20 people are claimed to be working on the project in a completely new entity since last month.
While Avail is still a work in progress, the team expects to create a not-for-profit body called the Avail Foundation in the near future and eventually hand over governance to a community. This reveals Avail could launch its own token. However Banerjee refused to comment on the above intention.
