Here’s Why Ethereum Rival Avalanche May Be a Bull in Making

Avalanche Crash Course In retrospect, AVAX's parent protocol, Avalanche, is a multi-blockchain network that consists of three base platforms, each having a critical role to play while protecting the core from a single point of failure. caption id="attachment_439687" align="aligncenter" width="860" Avalanche's three platforms explained.

Nevertheless, the Ethereum rival comes by its own by tweaks, including a penalty-less staking environment, a hard cap of 720 million AVAX tokens, and a fees burning mechanism. "The network burns any tokens used to pay transaction fees on its three core chains," noted Messari researcher Wilson Withiam.

Timeline of Avalanche, Ethereum