Learn now what the future of the altcoin that has grown as a competitor to Ethereum will look like
C-Chain: Allows the creation of smart contracts;It is worth mentioning that Avalanche's consensus mechanism is differentiated according to its use cases. Additionally, the altcoin has been working on interoperability between its blockchain and Ethereum.When a user transacts with AVAX, the transaction fee is burned, bringing scarcity to the altcoin.
Another point is that AVAX has an impressive performance in platform economics. This is because Avalanche offers a variety of services, such as peer-to-peer lending, trading and creating subnets. All of these require the developer to have AVAX to enjoy them.First, it is possible to mention that the hype of Ethereum competitors did not last long. The emergence of ETH 2.0 makes the existence of an “Ethereum Killer” questionable. and Cardano .
The amount of tokens mentioned represents an investment of USD $24,000 at the time of writing. Even with the major market correction that Avalanche went through, without a doubt, it is not an investment that any investor can make. Scalability solutions and Ethereum finalizing its transition to version 2.0, where the altcoin, according to Vitalik Buterin, will make 100,000 transactions per second, may end Avalanche's promise of prominence on the market, even with its positive points.
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