What makes Avalanche (AVAX) special? - Crypto in Plain English - Episode 63 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it23 Dec 2021

What makes Avalanche (AVAX) special? - Crypto in Plain English - Episode 63 - by cryptohunt.it

What makes Avalanche (AVAX) special?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, we talk about Avalanche, a relatively new blockchain technology that launched in late 2020 and has already made it into the top 10 earlier this year.

Like other projects, Avalanche’s main goal is to provide the same capabilities as Ethereum, but solve its main problems. If you’ve listened to this podcast, you will recognize them quickly: Ethereum allows for the creation of an entirely digital financial system through smart contracts, but can’t currently handle a lot of transactions and the fees are very high.

Avalanche tries to solve this problem in a couple of ways. First, it splits the three core jobs – transaction validation, exchanging money, and executing smart contracts – and operates three separate computer networks to run them. This allows it to process thousands of transactions per second as opposed to around 17 for Ethereum, and Avalanche has fees that can be thousands of times lower.

The other way Avalanche attempts to replace Ethereum is by simply being compatible with it. Computer code written to build smart contracts on Ethereum can be reused on Avalanche. That means, programmers can move over very quickly and take advantage of fast, cheap transactions, which has helped Avalanche gain rapid adoption since it’s launch.

And that’s why Avalanche is becoming so popular and starting to compete with Ethereum. And next time, we’ll talk about Polkadot.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Avsnitt(373)

What is a bank run, actually? And is that really what killed FTX? - Episode 317 - by cryptohunt.it

What is a bank run, actually? And is that really what killed FTX? - Episode 317 - by cryptohunt.it

What is a bank run, actually? And is that really what killed FTX? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - and this is another special to ex...

16 Dec 20223min

Should I use crypto to send money internationally? - Episode 316 - by cryptohunt.it

Should I use crypto to send money internationally? - Episode 316 - by cryptohunt.it

Should I use crypto to send money internationally? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be saf...

15 Dec 20222min

What does SBF’s arrest mean for crypto? - Episode 315 - by cryptohunt.it

What does SBF’s arrest mean for crypto? - Episode 315 - by cryptohunt.it

What does SBF’s arrest mean for crypto? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - and this is another special on FTX. So: Sam Bankman-Fried g...

14 Dec 20223min

Sam Bankman-Fried was just arrested - Bonus Episode 314 - by cryptohunt.it

Sam Bankman-Fried was just arrested - Bonus Episode 314 - by cryptohunt.it

Sam Bankman-Fried was just arrested - Welcome to a special bonus extra Episode We usually just do one episode per day of the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain...

13 Dec 20222min

What is “Proof of Time” (PoT)? - Episode 313 - by cryptohunt.it

What is “Proof of Time” (PoT)? - Episode 313 - by cryptohunt.it

What is “Proof of Time” (PoT)? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be safer out there in the ...

13 Dec 20222min

Just how big if the “FTX Domino Effect”? - Episode 312 - by cryptohunt.it

Just how big if the “FTX Domino Effect”? - Episode 312 - by cryptohunt.it

Just how big if the “FTX Domino Effect”? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you can form your own opinions to be safer out the...

12 Dec 20223min

An Update on Ukraine and Crypto - Episode 311 - by cryptohunt.it

An Update on Ukraine and Crypto - Episode 311 - by cryptohunt.it

An Update on Ukraine and Crypto Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. When the war against Ukraine broke out, we shared stories about cryp...

9 Dec 20222min

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) - Episode 310 - by cryptohunt.it

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) - Episode 310 - by cryptohunt.it

What if you got paid for surfing the web? An explanation of BAT (Basic Attention Token) Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Today, we'll...

8 Dec 20222min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-borsens-finest
uppgang-och-fall
rss-svart-marknad
avanzapodden
borsmorgon
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
rss-den-nya-ekonomin
tabberaset
svd-tech-brief
fill-or-kill
lastbilspodden
24fragor
rss-inga-dumma-fragor-om-pengar
rss-veckans-trade
kapitalet-en-podd-om-ekonomi