- What makes the Avalanche project special?
Just now·2 min read
Many blockchain enthusiasts consider the Avalanche project to be similar to Ethereum, as it is also an open source blockchain platform that allows you to draft and deploy smart contracts, as well as create decentralized applications. However, there is a key difference that makes Avalanche different from the others.
What is the difference?
How is Avalanche different from others? Image from the Avalanche website.
Avalanche was designed as a platform that allows anyone to create their own blockchain. By its design, it is as modular and customizable as possible, and also provides security, scalability and high performance of the smart contract platform.
- Modularity. Avalanche allows anyone to use the building blocks of the platform to create a standardized blockchain that can be either open or closed, while providing everything a particular application needs. All new chains are compatible with each other and work in a common blockchain network. Avalanche is a blockchain ecosystem that can be extended to accomplish any task without being limited by the common denominator of the system.
Customizability. Avalanche gives developers complete control over the behavior of smart contracts. They can control who is allowed to view and interact with the DApp, who can control it, and which virtual machine or programming language it will run with. And it allows you to decentralize financial applications through the creation of smart assets. These are the names of complex digital assets, to which you can add your own rules.
Scalability and security. The Avalanche blockchain uses a Proof-of-Stake (PoS) consensus mechanism to provide protection against the Sibyl attack. Its PoS system empowers tens of thousands of validators to vote, ensuring that the network is resilient, stable, and reliable.
High performance. The Avalanche team has created a new family of protocols they call the “Snow Family”. These protocols will enable all Avalanche-based chains to process thousands of transactions per second. It also allows you to complete your transactions on all chains within seconds rather than hours.
As you can see for yourself, the Avalanche team has not only created a revolutionary consensus protocol, but also introduced a revolutionary platform through which developers and users can take advantage of customizability, flexibility, interoperability, low latency, high performance, and superior security. In turn, this could lead to massive adoption as the project is revolutionary for both DeFi and traditional finance.
- Date of publication:
- Thu, 04/08/2021 - 12:03
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