What makes avax better?
What makes avax better?
Dear community.
I dont know much about avax. But i wonder if people could enlighten me a bit.
I was wondering what makes avax stand out of the herd of blockchains. And how big chances does it have to withstand a bear market?
How does it compete vs the likes of the other upcoming blockchains: FTM, Algo and harmony one?
I am pondering to liquidate one of my assets to join the avax family but was wondering what makes it so special.
I currently hold ETH (non negiotable for liquidating) Algo, Luna and harmony as blockchains and i am considering kicking one of them out for Avax.
Thank you
The consensus mechanism is really what makes avax one of the most interesting chain out there. If you know about the blockchain trilema (security – scalability – decentralization) it’s one which is the closest to solve it imo.
If you want to compare how avax works and with whom it competes, it’s closer to polkadot than the others you listed. Currently avax is working between 3 chains : X (for the exchanges), P (for staking) and C (evm compatible) but in the future there will be many subnets (other chains) that will launch on avax network.
like polkadot and its parachains