/biz/ - Business & Finance

I'll admit I'm not very technical. With that said I've made a fortune for myself in crypto by reading what technical people are saying as well as simply looking at results. I made millions from LINK, GRT and now AVAX

To me it seems like AVAX is the best ethereum competitor by far, for a few simple reasons

The most important is the ease of porting from ethereum to avalanche. Within a few days hopefully when the bridge releases, you will be able to wrap erc tokens/ethereum to avax, do uniswap style trades on pangolin, add liquidity to pangolin and yield farm, deposit collateral on bZx and borrow against it or margin trade, as well as many other ethereum dApps such as union finance.

You will be able to do this with near instant transactions that cost pennies.

As far as I know, there is not a single other blockchain where you can do this. All other eth competitors, some having been around several years, ahve not got anywhere close to this. Despite this, avalanche's market cap is still far below other blockchains which haven't really accomplished much.

So please, someone who is not bullish on avalanche, tell me what I'm missing here?

Will it be too difficult to port to avalanche from ethereum, thus denying avalanche easy initial development and making ethereums network effects too impenetrable? That seems unlikely, as we've seen many projects make avalanche ports in a short period of time.

Will avalanche not actually be as fast and as cheap as promised? I can tell you transactions now are essentially free and instant. Will this change as more people use avalanche? Are the promises of 5000+ TPS a lie, and if so why?

Is avalanche insecure? Why?

Avalanche is extremely decentralised with over 1k block producing nodes. More than any other blockchain afaik.