Avalanche (AVAX)In this episode, Bobby Ong, co-founder of CoinGecko is joined by Emin Gün Sirer, founder and CEO of Ava Labs. Bobby interviewed Gün on the background of Avalanche, differences between three Avalanche’s blockchains, use cases of AVAX token, as well as Avalanche’s plans for 2021.
[01:58] What is Avalanche?
[08:31] Avalanche’s consensus mechanism
[12:28] Avalanche’s competitors
[21:22] P-Chain, X-Chain, C-Chain
[27:49] Projects launched on top of Avalanche
[39:03] How Emin Gün Sirer stays up to date with the crypto world?
[40:20] Plans for Avalanche in 2021
[45:48] Why is ILO better on blockchain?
[48:04] Use Cases of AVAX token
Quotes from the episode:
“Whereas Bitcoin is trying to be digital gold or a replacement for the Euro, the replacement for Dollars and so on, and whereas Ethereum is an internet computer, what we’re building is very different. It’s a platform for other people to create digital assets.” [03:58]
“We’re three times faster than Visa. And if anybody else can, believe that they can compete with Visa, they should come up and line up and we should do a side-by-side comparison. There is no other coin that can say this” [08:14]
“We’re going through a set of improvements to Avalanche called Apricot, and we’re about halfway done with it. When Apricot is done, we’re going to have a fee structure for Avalanche that is much more dynamic. And potentially very, very, very low, much lower than it’s been.” [40:36]
Ava Labs – https://www.avalabs.org/
CoinGecko – https://www.coingecko.com/
Avalanche (AVAX) on CoinGecko – https://www.coingecko.com/en/coins/avalanche
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