industry began in 2009 with the launch of bitcoin, the growth of overall crypto users and cryptocurrencies in the past two years has been explosive. With more than 18 000 cryptocurrencies available, identifying future giants from fly-by-night coins has never been more important. In the fiercely competitive field of blockchain innovation, a few cryptocurrencies have risen to the top, showing the world that they’re here to stay.
Avalanche’s design was aimed at solving some of the limitations of other older cryptocurrencies such as bitcoin and ethereum. Bitcoin was introduced as a peer-to-peer cash system and ethereum as an Internet computer for applications to run on, but they both fall prey to limitations such as speed and finality . For example, avalanche achieves finality in three seconds versus Ethereum’s one minute.Avalanche has one of the most innovative blockchain setups in crypto.
Another factor that makes avalanche attractive is that it supports and leverages the Ethereum Virtual Machine . It’s positioned well to interact and integrate with other blockchains.Ethereum was the major investment thesis during the 2017 crypto bull run because it offered a completely different investment thesis to bitcoin .
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