Advantages and disadvantages of Avalanche (AVAX)

Avalanche is an open source Smart Contract platform, allowing the programming of decentralized applications (DAPPs). Avalanche aims to be interoperable with other networks, being currently compatible with the Ethereum network.

Advantages and Disadvantages of Avalanche (AVAX)

The Avalanche network is compatible with the Ethereum Virtual Machine (EVM), so in addition to hosting applications from its competing network it is also capable of developing its own. Furthermore, the Avalanche network has advantages over its rival, for example high speed, low cost and a smaller carbon footprint.

Avalanche currently incorporates more than 400 individual projects. It has also expanded the number of validators to more than 1,200, with a total of 1.3 million. The network currently has 245 million AVAXs, although its maximum submissions are not yet available.

Advantages of Avalanche (AVAX):

• Low transaction costs. The network itself sets a gas tariff and a cap on the gas tip. To get an idea the cost represents one tenth of what counts on the Ethereum network.
• The network itself sets a gas fee and a limit on the gas tip.
• The blockchain is compatible with Ethereum. This is due to interoperability, functioning in a similar way that other networks such as for example Polkadotcan act.
• Low carbon footprint. A fact to take into account in a world that is increasingly concerned about ecology and sustainability, being in the future a factor that will be taken into account when accepting a currency.

Disadvantages of Avalanche (AVAX):

• Still hackable. Some of the individual projects developed within the Alache network have suffered attacks, such as the Zau Finance platform.
• Possible centralization. Some of the nodes may delegate their tasks to third parties potentially incurring further centralization by hoarding nodes, thus creating large node holders.