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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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25502845 No.25502845 [Reply] [Original]

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.

>> No.25503356

>>25502845
Quality post, much better than those avax frog spams, but I feel that i'm priced out desu.

>> No.25504811

It feels surreal knowing i own the next top 3 coin when the market is so late to pick up on it.

>> No.25504917

>>25502845
So if it's so cheap and efficient, doesn't that mean it will make less money or have lower value?
(not trawlin, just curious about the technology)

>> No.25505277

How many tokens the avalanche foundation still hold in their treasuary?

>> No.25505810
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25505810

>>25503356
Me too. I just bought some at $3.30 to use as fuel to manage the pangolin airdrop. I'll fill half my bag when it dips under $2.80, then wait to see what goes on.

>> No.25506153

>>25505810
AVAX potential is in the 4 digits by eoy, another 10% drop wouldn't make any difference. Don't be overly greedy anon.

Anything but at least top 5 is a failure.

>> No.25506177

>>25504917
Uniswap now cost ~$40 to make a trade, no mass adoption is gonna happen with this cost, low fee is the way to go
AVAX and ETH are different that transaction fees are burned, permanently decreasing the supply and the validators are highly incentivized to stake for new token, it's easy to run a node

>> No.25506224

>>25502845
I'm not buying anything made by turkroaches

>> No.25506787

>>25506177
Yeah. I wanted to remove some liquidity from 1INCH to buy AVAX and the gas fee was over $100. Just claiming my gains is almost $30! Fucking nuts.

>> No.25507576

>>25506787
"future of finance"
if anyone used it as a savings account for interest rate they'd be ass raped by fees

>> No.25508003

>>25504811
What's the other two?