While the crypto news is often dominated by the two toppers Bitcoin and Ethereum (hardware wallet from 59 euros at Amazon), alt-coins or meme-coins such as Dogecoin or the competitor Shiba Inu Coin have also caused a stir in the recent past. However, due to the sheer number of cryptocurrencies, many new cryptos find it difficult to stand out from the crowd and inspire potential investors despite promising approaches. With its advanced technical base, the crypto token Avalanche has now managed to do just that and has risen to the tenth most valuable cryptocurrencies in the world with a value doubling in the last 30 days.
The Avalanche crypto, which is also traded on crypto platforms under the abbreviation AVAX, is based on a specially created and much improved iteration of the blockchain. This offers clear technical advantages over its direct competitor Ethereum, which is why Avalanche does not seem to be just another meme coin, but a technically well thought-out product. The crypto token created by employees of world-famous Cornell University is said to be significantly more efficient than Ethereum, especially for transactions in the blockchain, also known as smart contracts.
While the Ethereum blockchain can only process 15 transactions per second, Avalanche processes 4,500 transactions per second. Avalanche should therefore not incur horrendous transaction fees like Ethereum, otherwise known as “gas fees”, which could open up many new uses for the crypto token from a practical point of view. So it will be exciting to see if Avalanche can really prevail against Ethereum with these technical advantages in the long run, or if the top dog won’t become even more dominant with the improvements of its long-awaited update to Ethereum 2.0.
This article is published for informational purposes only and does not constitute investment advice.
The technology virus caught me at a young age, when I took my first steps in the PC field in the Pentium II era. Since then, modding, overclocking and the meticulous care of my hardware have just been part of it for me. During my studies I also developed a special interest in mobile technologies, which can make the stressful everyday student life a lot easier. Having found my love for creating web content while working in marketing, I now set out to explore the most exciting topics from the fascinating world of technology as an editor at Notebookcheck. Outside the office I have a particular passion for motorsports and mountain biking.