Scott Lewis: Ethereum is much better off with avalanche existing. And, Avalanche is much better off with Ethereum existing. If you detach from the pride and social status wars, it’s obvious.
Emin Gun Sirer expressed: I keep hearing this: “but but but some day Avalanche will be as slow as Ethereum.” No. Avalanche brought us the biggest breakthroughs in consensus and bridging. We will address lesser engineering problems without batting an eyelid.”
Community Reaction: I still don’t get what Avalanche is good for? It hasn’t filled any explicit need of mine that ETH couldn’t already handle.
How is Avalanche a Better PoS than Matic? Matic runs on tendermint which is in that “good enough” category. Limited to about 100 stakers. Snowball has some interesting properties that enable it to remain available and scale to thousands of stakers with very minimal amount put forward.
AVAX Enthusiast: Yes, but Matic chain finality is from the Merkle leaf (delegators). And the validators are the Merkle root. From what I’ve read, delegators on AVAX contribute nothing to security or decentralization. AVAX is limited to its validators.
Network is more flexible through subnets i.e. custom VM, PoW/PoS, regulated subnets, subnets with sharded chains + they share the main subnet so easy transferring between subnets. Also faster consensus means any L2 will always be faster on a subnet than Eth 2.
You can probably do all the things you’re doing at ETH with lower fees and a better community at AVAX.
Avax is making it possible for people to participate in DeFi with less than 6 figs. Sorry, ETH just isn’t viable for average people right now.
Depends on use case. If you use DEXes it’s faster and cheaper. Currently higher APYs on eg AAVE for stablecoins.
About Ethereum Not so good? When’s the last time you on-boarded someone onto Ethereum? The most popular app for investing is popular because it’s 0 fees and you don’t understand why people don’t like using Ethereum for 50-100$ per swap?
-tx cost ~$0,3 (x100 cheaper that ETH) -tx speed (x1000 faster than ETH).
ETH minus GAS = AVAX. Simple as that. I know Avalanche wasn’t built to kill Eth, but what exactly does Eth 2.0 have over the EVM on Avalanche? Will it be more decentralized, with higher throughput and faster finality times? Because as of right now, it doesn’t really seem so.
At the end, probably Avalanche and Ethereum will end up coexisting. But if ETH doesn’t do anything about the fees and tech; Avalanche will surpass it with the years.
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