Avax

Ethereum rival Avalanche (AVAX) is a cryptocurrency and blockchain platform. The Avalanche blockchain uses smart contracts, like Ethereum does, to support a number of blockchain applications, and AVAX is its native coin.

The Avalanche blockchain can offer almost immediate transaction completion. The Avalanche network is protected by AVAX, which also serves as a fundamental unit of account among the blockchains in the system.

According to reports, the Avalanche blockchain can handle 4,500 transactions per second.

- Avalanche, which will debut in 2020, intends to be quick, adaptable, safe, reasonably priced, and widely available.

- Avalanche is also an open-source project, so anyone can access and edit the platform's code.

Benefits and Drawbacks of Avalanches

Let's explore what there is about Avalanche to appreciate and dislike:

Advantages

* Quick transaction processing

* Structured rewards encourage involvement.

* Able to provide assistance for numerous blockchain-based projects

Disadvantages 

* Tough competition from websites like Ethereum

* 2,000 AVAX tokens must be staked by avalanche validators.

* Never are malicious or careless validators punished by losing their AVAX.