/biz/ - Business & Finance

>>26207267
I don't know, I'm 40% in. I'm getting spooked from all this crabbing though.

>>26207507
I like the crab, probably going to buy more.

>>26207267
layer-zero is more of an apt description

It's a consensus engine withj subnets with arbitrary rules, one of those is the c-chain, which is a complete recreation of ethereum, but 500x faster

all other blockchains can be ported in this manner

>>26207507
More time to buy more.

>>26207614
I’m a 95 IQ brainlet. Basically, If I’m understanding this correctly could ultimately ETH “run” on top of AVAX?

When a chain gets ported to AVAX, it runs on top of AVAX?

>>26207614
is there a reason to recreate the bitcoin network as a subnet, complete with a bridge?

lightning suddenly becomes OBSOLETE

>>26207910
the c-chain is ETH on avax.

The bridge between old ETH and avax c-chain will launch this month.

Migration of solidity smart contracts is possible today with no friction whatsoever. Everything that works on ETH, works on C-chain

>>26207910
>When a chain gets ported to AVAX, it runs on top of AVAX?
yes. it uses avalanche as a consensus mechanism - instead of PoW or PoS.

>>26207910
The intention of the founders is to run the financial system (all of it) on AVAX.

>>26208195
bullish

>>26208195
would the database of a node get bloated to all hell?

>>26208264
Dunno, anyone can run their own node on a raspberry pi at home so I wouldn't think it'd be an issue if nodes can be added so easily, and be rewarded for it.

>>26208195
>>26208180
Now I see why this jumped 50%. In the past I had invested in some PoS projects like Harmony One.

So basically, AVAX is kind of a win/win crypto. If ETH stays the “default” chain, then AVAX can essentially help “optimize it” by allowing smart contracts built on ETH to be ported over.

If AVAX becomes superior to ETH. Then people can develop on AVAX from the beginning of their project, or port over to AVAX.

Now I see why AVAX is a certified /comfy/ crypto. It basically has a use case regardless of what happens in the future...

I have 38 Avax. Am I going to make it?

>>26207267
Higher TPS and cheaper.

>>26208481
Yep, ETH bridge coming soon, Pangolin, 500 requirement for node instead of 2000, european e-money will run on it and many other near-future upgrades and news.

Comfy af, I staked 500 AVAX for a month and will get 4 for it, with no risk of slashing. I'm already planning on running my own node when they lower the requirement.

Thanks for pumping my ico bags bros.
Gonna take profits before the next unlock.
Should i diversify into Radix and Solana?

I’m all in AVAX too dady!

>>26207267
>720M supply
>only 10% currently in circulation
>50% unlocking within a year
>VCs bought in at 50 cents

Cool experiment but the token distribution is fucked. VCs will dump hard at the next few unlocks since they're up 20x.

%50 AVAX
%50 ETH

>>26207614
This. Avalanche not only full supports Etherum but also can scale out very well not to mention has extra features like private subnets should you wish to take advantage of

Avax is already flexing on everyone with an amazing performance since the beginning of this year and lots of projects using it's platform to be released during the next months will make avax the only true alt

>>26208481
Exactly, we all hope for a better DeFi ecosystem while using Ethereum and Avalanche actually can deliver that by achieving scalability with fast transactions at the same time
>>26207267

>>26209164
that’a the only thing holding me back from fully supporting this project. the ICO dumps that will happen this year

Avax is one of most adopted blockchain in the defi screnario.cause is high performance scalabşe and secure blockchain platform. Buy avax dont be sorry

>>26208872
How you find things like this at ICO lol? just curious I wish I bought my LINK bag and others earlier...

Basically how do you know an ICO will be good? I bought Harmony One’s IEO on Binance and got burned...

>>26208481
DELETE THIS IHAVENT DONE ACOOMULATING

All in avax, you got it right. I aped in as well

>>26209296
>>26209164
unlock after 1-1.5 year, which will be July/Dec 2021

as far as i can see anyway. Am I wrong?

>>26207267
720M supply...

>>26209494
nothing wrong, but I see the price rising until july, when they will be dumped. Followed by the same pattern until december, and from there on we will see the coins true potential

>>26209570
I agree - I'll probably delegate in the meantime. Then afterwards, maybe Validate depending on the dump

>>26209823
i’ll probably do the same. in the case the ICOs don’t dump the coin, I can see it easily make top 5

>>26208481
Where can I buy? How do a stake?

>>26209164
VCs need 1000x you fucking retard. They don’t make money only taking 20x from successful projects. They have to cover the fuckton of failures that eat up their money.

>>26210189
Binance if non-burger. Gotta move to AVAX wallet, then to P-chain in the wallet, then select delegator.
https://wallet.avax.network/
https://docs.avax.network/learn/platform-overview/staking

>>26210195
they don’t need anything. they can do whatever they want and it’s not up for you or me too decide

All in AVAX too

>>26210401
Kek, you are retarded.

>>26210565
no u

>>26209494
You're not wrong, but imagine any other coin doubling in supply every 3 months... see the problem?

>>26210195
Bro... Do you even VC? 20x in a year is already higher than most projects to.
>t. VCfag

>>26207267

Sorry I am kinda retarted.

So delegating and running a node are both different types of staking?

I am guessing you get more rewards from running a node? Whats the difference?

>>26210669
>imagine any other coin doubling in supply every 3 months
not going to happen
>https://info.avax.network/#token_distribution

Do need to keep my computer on to delegate or something?
Or is it just click and forget for a year by delegating through the online wallet?

>>26210884
Delegating you pay at least 2% of your reward to the node runner.
Running your own node you get your full reward and at least 2% of anyone delegating to you.

ROACH SHILLS FUCK OFF WITH YOUR FAGGOT FUCKING T*RK SCAM

well. sold my eth to make up some loss, cause i somehow bought near the top on sat, now all in avax. pi arriving today, stake when it hits 500 or get to 2k

>>26211290
prove that avax is a scam?

>>26210904
Yes it is... The unlocked supply will be 6x higher within 12 months

>>26210195
You don't know shit lol.

>>26209164
Just hold it for alt-season, get rid of it as soon as it goes 200-300%