/biz/ - Business & Finance

NEW AVAX QRD:

Emin Gün Sirer:
>Cornell CS Prof has been in crypto since BEFORE BTC
>Co Director of IC3 which is 180+ researchers and 6 Unis
>EGS shills Link & is in close partnership with the Chainlink team
>Vitalik endorses EGS & already acknowledged Avalanche is a Breakthrough on par with BTC
>like Sergey EGS toured around the world for years educating People about decentralization

Avalanche protocol:
>The third consensus protocol after Nakamotos PoW and Classical
>basically consensus is reached by probabilistic sampling thousands of independent nodes over multiple rounds
>This is not repackaged shit with minimal tinkering here and there its a completely new type of Consensus Protocol
>4500+ REAL TPS (no bullshit tricks, batching, or centralized L2)
>it can scale to MILLIONS of Validators while maintaining high tps & sub second finality
>more decentralized than everything else
>running a Node is easy & hardware requirements are low
>Resists 51% attacks (would need 80%)

Tokenomics & Profit:
>hardcapped
>AVAX needed for staking & delegating
>needed to participate in governance of the network
>fees are burned & is burned when Subnets, Blockchains or other assets are created
>currently 10% APY
>only requirement to receive the rewards is 60% node uptime
>node costs ca. 20 bucks a month on a VPS

Subnetworks:
>sub networks can be launched on Avalanche with near infinite customization
>plug in and use the Avalanche Consensus for your already existing Blockchain so you dont have to build your own (like with decentralized oracles)
>Chainlink already moving to Avalanche
>AVAX node may be a member of many subnets & earn rewards from them!

Full EVM support:
>All ETH infrastructure can work on AVAX out of the box
>athereum.avax.network/
>Big picture: in no time the best parts of the entire crypto ecosystem can be mirrored on Avalanche and giving it all the TPS, scalability, speed and interoperability that it needs for the next stage

right now it trades for $13.26