Home Finance News Ethereum, Bitcoin, Avalanche in the order of actual usefulness states Emin Gun Sirer of Avalanche (AVAX)

Ethereum, Bitcoin, Avalanche in the order of actual usefulness states Emin Gun Sirer of Avalanche (AVAX)

Ethereum Bitcoin Avalanche

Emin Gun Sirer stated, Ethereum, Bitcoin, Avalanche in the order of actual usefulness.

Community response:  Sadly, developers that climbed on the BTC bandwagon screwed the pooch. Now Satoshi is coinsplaing everyone how it was supposed to work; BSV fixes your whole chart with one chain using OG protocol.

This will all change very soon.  IOTA will be the leader as it’s standardized and feeless.

Bitcoin’s utility is to Hodl and wait for the number to go up. That’s about it. I wouldn’t even rank it.

Shouldn’t we normalize fees paid by the average fee per transaction for this comparison to make sense? Because fees per transaction vary significantly among platforms. Only a non-dimensional value makes sense when making a usage comparison.

Avalanche is hands down the future of blockchain and Defi. Nothing even comes close. Superior tech, stellar team, and awesome tokenomics. Use these artificially low prices to load up. When word gets out, it’s rocket time.

I love Avalanche’s potential, and I have mine staked. I really wish the team would get AVAX on more common US exchanges, though. This should be a top 20 crypto based on the other projects doing well in the top 15.

I think it is excellent, but if Ethereum 2.0 can perform so many transactions, people will keep giving more support to Ethereum. However, I think Avalanche has excellent potential, and I’ll be monitoring it closely.

For those who are new to AVAX, you can learn everything about Avalanche in just under 8 minutes from YouTube Video BeInCrypto.

The intro goes like this; Avalanche calls itself a network of networks. What that essentially means is that it is not a single chain running a single type of block.

It contains multiple subnets, each running one or more heterogeneous chains. Avalanche was founded by Emin Gün Sirer, a Cornell University computer science professor who co-directs the University’s Initiative for Cryptocurrencies and Smart Contracts.

Avalanche is aiming to solve the blockchain Trilemma of being extremely fast, highly scalable, and all while maintaining decentralization and security.

Avalanche is focused on building application-specific blockchains.  Provides for highly scalable and decentralized (dApps)—building smart assets.

Avalanche makes use of Direct Acrylic Graph (DAG), providing for 4500 transactions per second. AVAX exhibits resilience to 51% hacks, which happens when a majority stake entity takes over half of the decision-making authority on the network.

 

 

 

 

 

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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