Can Avalanche Really Kill Ethereum?

Ethereum is the most extensive smart contract-focused blockchain in DeFi, but as per the research by the coin desk, Ethereum has been reproached for its lagging transaction speed and abrupt fees. Recently several rival blockchains have arisen with success by solving the trouble posed by Ethereum. Avalanche, point network and Monero are the main rivals who are speedy and cheap to use. Avalanche rose to fame through its Avalanche Consensus Protocol and as per the data collected by the Coin desk, Avalanche’s native token AVAX is the 10 largest token in the market. Working of Avalanche It is essential to reach a consensual decision in the world of a decentralized system. Avalanche uses the Avalanche Consensus Protocol which integrates the classical and Nakamoto protocol to get efficient results. The classical protocol is known for its fast, green, and low maintenance benefits whereas the Nakamoto protocol is known for its decentralized and scalable blockchain. AVAX TOKEN AVAX is the native token of Avalanche and is often called as “red coin” by its holders. Holder needs AVAX to pay for the transaction efficiently. Where in Ethereum half the fee goes to the miners and the other half is burned, Avalanche burns its entire fee. Apart from this, the AVAX token can be used in stalking, which not only assists in participating in the validation process but also secures the blockchain. These factors are lacking in Ethereum which is why avalanche and point networks might beat Ethereum in the long run. To use Avalanche, one has to buy the AVAX token on a crypto exchange program and transfer the said token into the DeFi wallet. If you want to bridge your crypto from different chains into an avalanche, this can be easily done using the bridge protocol like Hop Exchange. There is no denying the fact that in the world of cryptocurrency it is next to impossible to hold a monopoly in the market because any new player can sweep off all profits with their unique feature. Ethereum is facing burn by crypto-like Avalanche, point network, Monero, etc.