/biz/ - Business & Finance

Avalanche (AVAX), has a next gen concensus algorithm, everything else is running on a 41 year or 11 year old algorithm. Avalanche concensus was published by team rocket and solves the trilemma. It's already the most decentralised network in crypto. It has ~600 *FULL* block producing nodes. Processes transactions to immutable finality in <1s, which is faster than even Apple pay. Processes 4,500 TPS, 3x more throughput than visa. Plus has a unique subnet infrastructure that allows billions of individual blockchains to exist within the Avalanche network. It can virtualize every other project inside itself, which makes it more of a layer 0 than layer 1, and all fees on the network are minutely small. I've spent about 10eth ($10,000) in gas over the last 12 months to do swaps on uniswap, the same transactions on Avalanche would have cost me far less than 1 avax, probably around 0.1 avax, which is only 36c in fees.

The bridge comes out this month, plus pangolin, the new gen Dex that's launching on avax will go live right after the bridge. Swarms of liquidty will flow to pangolin because they're airdropping PNG tokens to uni and sushi holders as part of their marketing campaign.

Avalanche makes polkadot largely redundant, who would deploy millions in capital to rent a parachain slot for a few months, when you can deploy a subnet on Avalanche that has more functionality and can be deployed with less than 0.01 avax fee. I feel bad for the polkadot frens because avax will cannibalise their network. I'm still buying into new parachain projects though because people haven't yet realised that Avalanche is the best L1/L0, and then I'm using my gains to buy more avax.

Avalanche (AVAX), has a next gen concensus algorithm, everything else is running on a 41 year or 11 year old algorithm. Avalanche concensus was published by team rocket and solves the trilemma. It's already the most decentralised network in crypto. It has ~600 *FULL* block producing nodes. Processes transactions to immutable finality in <1s, which is faster than even Apple pay. Processes 4,500 TPS, 3x more throughput than visa. Plus has a unique subnet infrastructure that allows billions of individual blockchains to exist within the Avalanche network. It can virtualize every other project inside itself, which makes it more of a layer 0 than layer 1, and all fees on the network are minutely small. I've spent about 10eth ($10,000) in gas over the last 12 months to do swaps on uniswap, the same transactions on Avalanche would have cost me far less than 1 avax, probably around 0.1 avax, which is only 36c in fees.

The bridge comes out this month, plus pangolin, the new gen Dex that's launching on avax will go live right after the bridge. Swarms of liquidty will flow to pangolin because they're airdropping PNG tokens to uni and sushi holders as part of their marketing campaign.

Avalanche makes polkadot largely redundant, who would deploy millions in capital to rent a parachain slot for a few months, when you can deploy a subnet on Avalanche that has more functionality and can be deployed with less than 0.01 avax fee. I feel bad for the polkadot frens because avax will cannibalise their network. I'm still buying into new parachain projects though because people haven't yet realised that Avalanche is the best L1/L0, and then I'm using my gains to buy more avax.

Avalanche (AVAX), has a next gen concensus algorithm, everything else is running on a 41 year or 11 year old algorithm. Avalanche concensus was published by team rocket and solves the trilemma. It's already the most decentralised network in crypto. It has ~600 *FULL* block producing nodes. Processes transactions to immutable finality in <1s, which is faster than even Apple pay. Processes 4,500 TPS, 3x more throughput than visa. Plus has a unique subnet infrastructure that allows billions of individual blockchains to exist within the Avalanche network. It can virtualize every other project inside itself, which makes it more of a layer 0 than layer 1, and all fees on the network are minutely small. I've spent about 10eth ($10,000) in gas over the last 12 months to do swaps on uniswap, the same transactions on Avalanche would have cost me far less than 1 avax, probably around 0.1 avax, which is only 36c in fees.

The bridge comes out this month, plus pangolin, the new gen Dex that's launching on avax will go live right after the bridge. Swarms of liquidty will flow to pangolin because they're airdropping PNG tokens to uni and sushi holders as part of their marketing campaign.

Avalanche makes polkadot largely redundant, who would deploy millions in capital to rent a parachain slot for a few months, when you can deploy a subnet on Avalanche that has more functionality and can be deployed with less than 0.01 avax fee. I feel bad for the polkadot frens because avax will cannibalise their network. I'm still buying into new parachain projects though because people haven't yet realised that Avalanche is the best L1/L0, and then I'm using my gains to buy more avax.