Another new addition to the Revix stable is set for Friday April 22 – Avalanche – a smart contract based cryptocurrency rivalling Ethereum, Solana and Polkadot.A smart contract refers to a computer programme that lives on the blockchain. These programmes automatically run or execute specific actions when predetermined conditions are met.
With a market value of $21 billion, Avalanche is the 10th largest crypto, which in itself is a remarkable achievement for an asset barely two years old. Since its inception, AVAX has returned over 1 900%, outperforming Bitcoin, which only returned 350% in the same period.AVAX is a blockchain protocol that has some clear advantages over competitors such as Ethereum.
Like Ethereum, Avalanche supports smart contracts to run decentralised applications on its network. Avalanche’s unique Proof of Stake mechanism is relatively low in energy use . Its blockchain design is slick and efficient enough to handle Visa-type transaction speeds , but at much lower costs, and without sacrificing decentralisation or security.
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