/biz/ - Business & Finance

>>53211950
>reorgs aren't an issue
see >>53211111
120 block reorgs means that nobody trusts Polygon finality. You have to wait an entire 372 blocks because at any moment Polygon might shit the bed, start running backwards, and flip a block from 20 minutes ago. Not to mention it's centralized as shit which is the major issue here, likely fatal. reorgs simply prove amateurish design, so I wouldn't expect anything passable from the devs that programmed this sidechain.

So far this is lines up with reality seeing as the Polyjeet team have only bought half-finished scaling solutions and can't finish any of them. Clearly their coders can't understand code made by actual coders. Fortunately for them, and unfortunately for crypto, they figured out they can make more money selling dreams rather than finished projects. It's a clever ponzi, I'll give them that.

>>53071696
Emin Gün Sirer:
>Cornell CS Prof has been in crypto since BEFORE BTC (Karma2003)
>exCo Director of IC3 joined up with Ted Yin and invented Avalanche Consensus
>close partnership with the Chainlink team
>Vitalik endorses EGS & acknowledged Avalanche is a Breakthrough on par with BTC
>is for decentralization and Censorship resistance
>el33th4xor that farms gigabrains from top unis

Avalanche protocol:
>third consensus protocol after Nakamotos PoW & Classical
>basically consensus is reached by probabilistic sampling thousands of independent nodes over multiple rounds
>This is not repackaged shit with minimal tinkering here and there its a completely new type of Consensus Protocol
>4500+ REAL TPS (no bullshit tricks, batching, or centralized L2)
>can scale to MILLIONS of Validators while maintaining high tps & sub second finality
>highest Nakamoto coefficient
>Node hardware requirements are low
>Resists 51% attacks (would need 80%)

Tokenomics & Profit:
>hardcapped
>AVAX needed for staking on nodes & delegating to nodes
>needed to participate in governance of the network
>fees are burned (also when Subnets, Blockchains & other assets are created)
>9% APY + delegator reward% + Subnet Rewards
>only requirement to receive the rewards is 90% node uptime

Subnetworks:
>subnets can be launched on Avalanche with near infinite customization
>"Blockchain as a Service" to tokenize all the Assets in the World
>Chainlink Subnet is in the works but also 900 other subnets from gaming to finance to CBDCs to payment providers everything is possible on Avalanche
>AVAX node may be a member of many subnets & earn additional rewards from them all!

Full EVM support:
>All ETH infrastructure can work on AVAX out of the box
>C-Chain (EVM) Subnet is constantly improved
>C-Chain mirrored the best parts of the entire ETH ecosystem and improved on many ideas giving it all the TPS, scalability, speed and interoperability that it needs for the next stage

>>53009239
>Are you the one who's been making all of these?
yes
>Way higher quality than the HEY NIGGER spam
that was also me kek

Emin Gün Sirer:
>Cornell CS Prof has been in crypto since BEFORE BTC (Karma2003)
>exCo Director of IC3 joined up with Ted Yin and invented Avalanche Consensus
>close partnership with the Chainlink team
>Vitalik endorses EGS & acknowledged Avalanche is a Breakthrough on par with BTC
>is for decentralization and Censorship resistance
>el33th4xor

Avalanche protocol:
>third consensus protocol after Nakamotos PoW & Classical
>basically consensus is reached by probabilistic sampling thousands of independent nodes over multiple rounds
>This is not repackaged shit with minimal tinkering here and there its a completely new type of Consensus Protocol
>4500+ REAL TPS (no bullshit tricks, batching, or centralized L2)
>can scale to MILLIONS of Validators while maintaining high tps & sub second finality
>highest Nakamoto coefficient
>Node hardware requirements are low
>Resists 51% attacks (would need 80%)

Tokenomics & Profit:
>hardcapped
>AVAX needed for staking on nodes & delegating to nodes
>needed to participate in governance of the network
>fees are burned (also when Subnets, Blockchains & other assets are created)
>9% APY + delegator reward% + Subnet Rewards
>only requirement to receive the rewards is 90% node uptime

Subnetworks:
>sub networks can be launched on Avalanche with near infinite customization
>"Blockchain as a Service" to tokenize all the Assets in the World
>Chainlink Subnet is in the works but also 900 other subnets from gaming to finance to CBDCs to payment providers everything is possible on Avalanche
>AVAX node may be a member of many subnets & earn additional rewards from them all!

Full EVM support:
>All ETH infrastructure can work on AVAX out of the box
>C-Chain (EVM) Subnet is constantly developed further and made more efficient
>C-Chain mirrored the best parts of the entire ETH ecosystem and improved on many ideas giving it all the TPS, scalability, speed and interoperability that it needs for the next stage

right now it trades for $12.75