Can anyone ELI5 avalanche

[Anonymous No.26297855]

Why is it different from the thousands of ethereum killers before?

[Anonymous No.26297885]

its fast or something idk

[Anonymous No.26297950]

>>26297855
apparently the consensus is unique and new of all the blockchains out there. The rest are just derived or hard fork from Bitcoin's consensus model causing it to be slow.

[Anonymous No.26297951]

>>26297855
Haven't heard much about AVAX, but the likes of FLETA, ALGO and ofc DOT will gain a lot more momentum over the next few years

[Anonymous No.26297978]

>>26297855
only been posted a 100 times in the last 2 weeks but here you go faggot

[Anonymous No.26297989]

>>26297855

Fast as shit, transfers instantly to a few seconds.

Gas is a few cents per transaction.

The avax based swap, Pangolin, drops soon.

[Anonymous No.26298126]

>>26297855
Did you just wake up from 2018?
It's not about being the eth killer anymore, offer interoperability or L2 solution.
DOT, FLETA, and OM have been focusing on interoperability , which I belive is the way to go.

[Anonymous No.26298158]

>>26297978
>twitter wall of text
>here bro buy some roach coin

[Anonymous No.26298160]

>>26297855
it's turknology. all you need to know really

[Anonymous No.26298169]

>>26297855
Is this really going to $50 end of month? Feels like I'm buying other peoples bags if I enter the market now. Don't want to get dumped on.

[Anonymous No.26298203]

It is a discord pnd

[Anonymous No.26298221]

>>26298126
Exactly my point sir

[Anonymous No.26298265]

>Why it's different
The only layer 1 solution to use a completely new consensus that isn't a variation of classical/nakamoto. The consensus is revolutionary by all means.

>Why it's better
AVAX causes "technological stagnation", While the word sound like a negative it's exactly the opposite, AVAX fulfilled the initial goal that every blockchain aimed for, Meaning we won't see any major breakthrough in blockchains that their idea already existed, From here the progression will be like going from Iphone 9 to Iphone 10, It'll more of the same thing. AVAX is enough, and it's enough for the first time in blockchains history.

[Anonymous No.26298282]

another shitcoin
just like IOTA
Digibyte
Oyster Pearl
Byteball

Remember list of ETH killers

AVAX has nothing novel about it
Does not even have Sybil resistence

pump and dump

[Anonymous No.26298363]

In very simple laymans terms

-Super fast, transactions more or less instant
-Super cheap, transactions cost a fraction of a cent
-Super decentralised, 700+ block producing validators, very easy for anyone to set up a node if they have 2k+ AVAX (an average PC is enough)
-And possibly most importantly and what really sets it apart: Super easy to port from Ethereum. Ethereum bridge launching soon and then Avalanche will have a Uniswap fork (Pangolin) + bZx (margin trading/lending/borrowing dApp). These are complex ethereum apps that have been easily ported. It's the first non ethereum blockchain that can say that.

[Anonymous No.26298376]

Is the smart contract capability as good or better than ethereum? Is it possible to convert easily ethereum code to Avalanche code?

[Anonymous No.26298461]

>>26297951
>FLETA
Didn't see it shilled here

[Anonymous No.26298494]

>>26298126
Does this mean ethereum can coexist with those solutions?

[Anonymous No.26298584]

hmmm

[Anonymous No.26298753]

>>26298584
Emin Gun Sirer has a Ph.D in compsci and is one of the heads of IC3. The suggestion that he doesn't understand mathematics is ridiculous.

[Anonymous No.26298758]

>>26298584
>Something something maybe in the future hypothetical
Really think people are not gonna swap to AVAX because of that?

[Anonymous No.26298809]

>>26297855
‘Ethereum killer’ is a marketing term to sell you platforms with marginal improvements.
Avalanche is revolutionary because for the first time we have a blockchain fit for real world use cases. This will start to become clear as traders move en masse from Uniswap etc to new Avalanche DEX with sub second finality and < $0.01 transaction fees.

[Anonymous No.26298953]

>>26298584
holy cope

[Anonymous No.26299145]

>>26298363
> Super fast
NANO. Litecoin. Algorand.
> Super cheap
Every shitcoin is cheap when noone is using it bitcoin was cheap too
> Super decentralized
80% of stake is owned by creators
> ethereum
who cares

[Anonymous No.26299300]

Turkish coin. The only good thing that came out of turkey is kebabs. That’s all

[Anonymous No.26299375]

>>26299145
>NANO. Litecoin. Algorand

Centralised, unable to scale, no smart contracts/dApps

>Every shitcoin is cheap when noone is using it bitcoin was cheap too

In tests they have achieved 4,500-15000 TPS

>80% of stake is owned by creators

Wrong, moron. You're including vested ICO buyers + future staking rewards as "owned by creators"

> ethereum
>who cares

Idiot, all smart contract activity is currently on ethereum. No other ethereum competitor has gotten anywhere with actually dApp development. Avalanche will be the first.

[Anonymous No.26299507]

>>26297855
its just hype, there was perlin in 2018 which was the original avalanche consensus based shitcoin and it was released at a bad time, there is nkn which is similat in a way and it was released at a bad time during a bad marked
timing is everything with these shitcoins
except if it's something really legit and being used like hashgraph

[Anonymous No.26299604]

>>26298809
in 2022 pajeets will be posting the next avax killer.

[Anonymous No.26299613]

>>26298584
>IOTA

Why would I believe the words of a scammer ?

[Anonymous No.26299640]

>>26299375
OMG BAD FUD, super bullish for Algo & Nano.

[Anonymous No.26299689]

>>26299375
> In tests they have achieved 4,500-15000 TPS

bitcoin can also do 15 000 tps
it will, very simply increase block size to 32. reminder that in bitcoin a trx is not 1trx per input per output but 1trx can have many inputs and many outputs

bitcoin can scale beyond avalanche and it will when its time when Satoshi decides and noone else

anything else is stupid

[Anonymous No.26300360]

>>26299507
> which was the original avalanche consensus based shitcoin

Top fucking kek.

So many straight up lies itt, too bullish

[Anonymous No.26300444]

>>26299145
you forgot about security as well plus 51% attack resistance

all 3 trilemmas solved by one coin

[Anonymous No.26300467]

>>26297989
It's great but obviously not enough, since you could say the same for other "eth killer" (for example, ADA is super fast and has also ridiculously low fees).
There's got to be more to AVAX than this

[Anonymous No.26300488]

ADA>AVSHIT

[Anonymous No.26300588]

AVAX is difficult for Americans to even buy right now. Surely it will rise once it gets a US exchange listing?

[Anonymous No.26300599]

>>26300467
AVAX doesn't suffer from 51% attacks unlike ADA.

Basically it solves the fast TX, security and decentralization dilemma. You get all 3 without compromise. That's the main selling point of AVAX.

[Anonymous No.26300715]

>>26299145
And non of them does all things combined. That's the whole point and that's why most "ETH killers" are Pump n Dump scams because they don't improve anything, just severe trade off.

>80% of stake is owned by creators
It's 10% and distributed between many people.

Avax is the most decentralized protocol running rightnow, No scammy centralized consensus validators limitation and no pools.

[Anonymous No.26300772]

>>26297855
>>26297885
>>26297950
>>26297951
>>26297978
>>26297989
>>26298126
>>26298158
>>26298160
>>26298169
>>26298203
>>26298221
>>26298265
>>26298282
>>26298363
Just watch this

https://www.youtube.com/watch?v=q-SzVFyddqE

[Anonymous No.26300781]

>>26298363
a 100% pajeet scam confirmed

[Anonymous No.26300865]

>>26300467
Cardano admitted they're running 40% of their nodes, and they are selection of pools per epoch, Majority of the nodes don't participate in the consensus, Can't match Avalanche TPS and that's without mentioning their finality that isn't even close to Avalanche (AVAX is x20-60 faster, Whole of a lot different that'll make or break many use cases).

[Anonymous No.26300922]

>>26300588
yes sir, if you buy it now you’re in early

[Anonymous No.26300959]

>>26298584
You guys convinced me. I will wait for the dump to get in balls deep

[Anonymous No.26301088]

What would be a good entry point? Do we expect a dip?

[Anonymous No.26301107]

>>26301088
either now or in 2 years

[Anonymous No.26301143]

>>26300599
It feels kind of surreal that avax is still ranked #50
After years of churning premined centralized shitcoins, there finally emerges a protocol which solves the blockchain trilemma. And it's as if nobody is seeing it. AVAX should be in the top 3 already, it's plain to see, the opportunity is almost too easy.
I mean I'm not complaining, I'm happy to have snatched up a good stack. But it has always baffled me how irrational the market can be. Most crypto investors apparently have no clue what they're dealing with.

[Anonymous No.26301186]

>>26301107
What happens in 2 years?

[Anonymous No.26301219]

>>26301186
you’ll have had enough time to think about it

[Anonymous No.26301220]

I can buy 1000 AVAX, is it enough as a suicide stack?

[Anonymous No.26301224]

>>26298584
IOTA client got hacked twice, they changed signature scheme multiple times (showing they have no idea what they are doing) and the initial version of their network is a centralized joke. As always with scamcoin, they need to FUD the competition hard since that's the best way to get attention when you have no tech to show up.
>IOTA Mainnet Halted for 11 Days
>https://news.bitcoin.com/iota-down-11-days/

[Anonymous No.26301433]

>>26301143
People in general are stupid, remember this and use it to your advantage.

[Anonymous No.26301721]

>>26297855
Does it have good privacy?

[Anonymous No.26301761]

>>26297855
BUY ALGORAND
ACTUAL INDUSTRIAL ADOPTION
CBDCS BEING BUILT ON IT
CAN DO ANYTHING AVALANCHE DO WITH COMPOSABILITY, SIDECHAINS (Subnets)

WANT TO BET ON THE ONLY TURING AWARD / MIT TEACHER INVOLVED IN CRYPTO? OR EMIR?

[Anonymous No.26301875]

>>26297978
Transfers happen instantly because of low usage of the network. Same reason for gas fees. If only a few people used ETH it would also be fast and cheap. But with more users AVAX will also get clogged and gas bidding will start. It can handle more users than ETH yes, but it can't handle mass adoption.

Also no composability. Kek

[Anonymous No.26301936]

Reminder AVAX isn't intended as an ETH killer but as supporter.

[Anonymous No.26301955]

>>26301875
that's actually wrong except part on composability (btw ETH 2.0 will handle that). That's why smart money is accumulating ADA & ALGO.

[Anonymous No.26302028]

>>26297855
>It's not.

[Anonymous No.26302148]

>>26301433
checked brb buying more avax.

[Anonymous No.26302156]

>>26298584
Have these guys turned off the coordinator yet?