Avalanche Announces Development of Vryx Solution

In their latest research paper, Ava Labs has outlined the details of the scalable solution concept, Vryx, aimed at accelerating the transaction processing speed of the Avalanche blockchain to up to 100,000 transactions per second (TPS).

HyperSDK’s mission is to enable best in class throughput and latency for developers building blockchains in the Avalanche network. Many have asked how HyperSDK aims to achieve this.

Today @_patrickogrady published his work on Project Vryx, a fortified decoupled state machine… https://t.co/jPE8rnO4If

— Avalanche 🔺 (@avax) January 26, 2024

Expected to undergo testing on the HyperSDK testnet by mid-Q2 2024, Vryx is a solution intended to support blockchains developed using HyperSDK, also known as hyperchains. HyperSDK is a toolset designed for developing high-performance blockchains, compatible with virtual machines, and supporting smart contracts.

If the testing proves successful, Vryx will be further implemented on the Avalanche mainnet.

Ava Labs’ spokesperson shared:

Since establishing HyperSDK over a year and a half ago, Ava Labs has been driven by the goal of providing the best scalability for any project looking to build their own blockchain on Avalanche. Today, we are taking a significant step closer to this goal with the introduction of Vryx.

Many parties have inquired about how Avalanche HyperSDK achieves such high throughput goals right from its initial launch. Vryx is presented as the answer to this question.

The core idea behind Vryx involves breaking down parts of the transaction process and having them run in a “pipeline” fashion. This means a transaction block can still be under verification while the network has already started producing the next block.

This transaction processing approach is not entirely new and has been employed in other blockchain platforms such as Aptos and Sui.

The Ava Labs team appears confident in their brainchild, referring to Vryx as the “best-performing solution in its segment.”

Chart of AVAX

The price of AVAX is currently fluctuating around $36.1, showing a slight increase of over 6% in the past 24 hours.

The 1-day chart of the AVAX/USDT pair on TradingView at 14:20 PM on January 28, 2024.