Avalanche AVAX vs Solana SOL

We're comparing avalanche and solana in Today's video and really these are two Block chains with some of the biggest Ecosystems respectively in the entire Crypto space for example at the time of This recording you can see that the avax Community along with the saw the sol Community together they move 810 million Dollars and 975 million dollars together in 24 hours And also both networks are constantly Developing optimized decentralized Applications and all kinds of sectors Like defy nfts play to earn games and of Course daos however we're going to try Not to compare them strictly on the Basis of economic merits because really They are very much two different beasts And the two projects are not the same They offer different features in this Video we're looking at both the Strengths and the weaknesses of Avalanche and solana two of the hottest Block chains out there in the space [Music] My name is matty and this is altcoin Buzz we are a crypto investment research Company we have documented many 100 x Returns on coins and tokens that are top Projects today really before anyone else Was even talking about them and if you Want to see our detailed process for Researching such projects then our new And improved altcoin buzz access group

Is for you our plans start at 99 Monthly be sure to click the link below For more information you guys know the Drill we're sharing this information With you do with it what you will but do Not consider it to be official financial Or investment advice because that's not What we offer all right so let's get Right into it and by way of introduction We'll kind of define both projects a Little bit beginning with avalanche and Avax by the way is its token avalanche Is a high performance scalable secure Pos that's proof of stake blockchain Where users can make an eco-friendly Transaction in less than two seconds and Really the cost is only a fraction of a Cent and as per a january 2022 report Avalanche had 17 700 Developers and the projections for that Number actually keep growing there seems To be no end in sight that's a huge Figure and avalanche is not only backed By their community but also by the ava Labs group which has extensive Experience and a great team of Individuals really who lead fortune 500 Companies such as microsoft google Morgan stanley att nasa and some other Big names as well and then the contender Here stepping into the ring is solana Whose ticker is saul s-o-l solana itself Was created in 2017

It's also a decentralized blockchain of Course where developers can build Scalable and user-friendly dapps and Currently every transaction fee costs 0.001 Zero two five dollars with two thousand One hundred and ninety two tps that's Transactions per second with a maximum Tps of seven hundred thousand but that's Going to depend on how software Continues to develop these have Definitely become nicely optimized Conditions which is really part of why Solana has continued to grow as one of The fastest growing blockchains in the Entire ecosystem with really a big Variety of dapps again in d5 nfts dows And more the team behind solana is known As solana labs they support the solana Blockchain technically you can always Look them up on all kinds of different Social media here we're highlighting Their linkedin presence with Introductions out of the way let's now Talk about the features of each project Beginning with avax so in avalanche Developers have the flexibility to code Private and public smart contracts and Also they can develop scalable dapps With fungible and non-fungible tokens in Them in other words and as per the Avalanche white paper they have the Following features first of all they're Very scalable so this means that any of

Avalanches dapps can be used by a whole Lot of people worldwide without Sacrificing that particular dap's Performance so therefore people can make A big number of transactions given that Avalanche can support right now 4500 tps For each subnet it also prides itself on Security and decentralization because Avalanche is the first permissionless Blockchain that can truly be secure when 51 of miners are attacked by hackers Because it has 1.2 000 that's 1200 Validators which earn 9.8 yearly by the Way a pretty good figure with avalanche You can also participate in its Governance mechanism so anyone who holds A v a x they have one vote to decide on Governance proposals and also to make Voting proposals however unlike other Blockchains avalanche doesn't allow Unlimited changes to its system another Core feature is interoperability because Avalanche is designed to connect with Other blockchains to import balances Support the execution of smart contracts And a whole lot of other features as Well for example dbridge which is a Cross-chain protocol that has already Developed bridges that connect avalanche With ethereum bnb chain heko arbitrum And polygon that's just one example Another important bridge protocol Compatible with avalanche is one chain Something that we've covered in the past

This can connect avalanche with other Block chains like bitcoin polka dot moon River ripple dogecoin phantom and eos But then we have to consider solana and On the other side of the ring here we Really have one of the most interesting Features of solana which is that Projects will fully integrate in Solana's solid layer one platform Meaning that dapps will be more secure And stable with time also another Important thing to consider is that Solana is censorship resistant which Means that solano is made to resist External measures that may want to limit It for one reason or another in other Words solana's architecture itself aims To satisfy three very important Properties scalability security and Decentralization also with solana nodes Are called clusters an independent group Of computers essentially that works to Preserve the record of events which Creates a decentralized ledger which is Also impossible to erase as far as Features go both projects have their Strengths but for this particular Section we are going to give the w over To avalanche it wins because in reality Solana has some hacking problems that Have Drastically limited the amount of trust That its users have been willing to show But now for the second round we're going

To consider the consensus mechanism Beginning with avalanche which as we Mentioned is a pos that's proof of stake Consensus mechanism that is scalable Secure and decentralized and don't Forget avalanche has 4500 Tps for every subnet and is energy Efficient because it doesn't need Special hardware solana on the other Hand has a main feature that is pretty Innovative as far as consensus Mechanisms go because they developed a Proof of history concept where nodes can Verify the time and order of events i.e Transactions and this consensus is a Variation of sorts on pos proof of stake But it uses a cryptographically secure Function that records every feature of Every transaction chronologically in its Blockchain the sequence is verified by Clusters and we are fans of solana's Consensus mechanism that proof of History mechanism so for this particular Section solana is definitely different From a lot of other blockchains Including avalanche and therefore solana Gets the win here next round is going to Get a little bit more contentious Because we're talking about the level of Decentralization or the degree to which These projects are decentralized and With avax well in short the only Indicator that proves how decentralized A blockchain really is is the nakamoto

Coefficient this is something that we've Talked about before in the case of Avalanche that coefficient is 26. Keeping in mind that this blockchain has About 1200 validators in solana's case However the blockchain has 1249 validators and the nakamoto Coefficient is close it's 19. however It's a small number right now so just to Give you an idea right now there are 342 000 validators for eth 2.0 and the Reason for this disparity really boils Down to costs it costs quite a bit to Build one of these validators but right Now there are many alternatives to build A node in ethereum everything from Renting a node in aws for a monthly Payment or buying everything yourself Which can cost as little as two thousand Five hundred dollars still a lot but More reasonable but building a node in Avalanche costs right now 200 avx or Approximately 15 000 And that's to open it in solana it can Cost you anywhere from four To seven thousand euros or really Between five and ten thousand roughly us Dollars mainly because of the hardware Requirements and therefore for this Particular category avalanche wins Let's now consider the latest Developments and positive news for each Project out there avalanche to begin With an avax they've developed the

Avalanche multiverse this is a 290 Million dollar incentive program that Wants to incentivize subnet adoption There are more and more use cases for Avax like the new partnership for Example with r weave this is where you Can buy permanent storage with ava Tokens or build dapps with avalanche as A back end one inch network is also now On avalanche very exciting news and as For this announcement avalanche will Start supporting native bitcoin as well And finally terra has added avalanche to Its ust reserve this is news that we Have covered in the past we're excited About this development it is a positive No doubt but with solana we're seeing a Lot of positives as well for example Wearable which is a multi-chain nft Marketplace they just added solana and Solana developed a hackathon that's Called riptide some of you may be Familiar with that then we have phantom The most popular solana wallet they just Launched an android version something That's been highly anticipated for a Little while now surely you've heard About the bitcoin conference in miami Florida well the good news is that the Solana conference in miami was also a Great success and there should soon be An announcement about an upcoming solana Conference in lisbon portugal and Finally open c which is the most popular

Nft marketplace they just added solana Which means they're starting with a beta Version stay tuned for that very soon But despite the positives on both sides Of the aisle here in our opinion Avalanche wins this section it's just Showing more important and more Impressive milestones okay now we get Into tokenomics beginning with avax Which of course is the native token of Avalanche and at the time of recording It's sitting at about 60 dollars and 84 Cents with a market cap in the range of 16.3 Billion dollars ava x traded for about 750 million dollars in the last 24 hours For context ava x is down by more than Half from its all-time high set in November of last year that was just a Penny or two under 145 dollars u.s Its circulating and total supply is 268 and 377.7 million tokens respectively and You can buy ava x on all kinds of Exchanges like crypto.com hit btc Binance who network bing x and digifinex You can also use the avx token for all Kinds of different use cases including Validator rewards staking rewards Governance votes and you can use it Towards transaction fees saul s o l is The native token of solana and at the Time of this recording its price sits at 87.38

With a market cap just under 30 billion We're looking at a market cap of 29.3 Billion dollars with a 1.1 billion Dollar u.s 24-hour trading volume saul Is also down more than 50 percent from Its all-time high which was 259.96 that also happened in november of 2021. its circulating supply is 332 million tokens and its total supply Is 508.1 million tokens you can buy sol Saul on all kinds of exchanges like Crypto.com hitbtc binance woo network Bing x digifinex and others very similar To avax this may be a little bit Subjective but as we see it solana's Market cap and 24-hour trading volume Are much higher which means at least Arguably that its ecosystem and Community are growing faster so as we View it solana wins this round for our Final category today we're looking at Ecosystem beginning with Avax which is impressive avalanche's Ecosystem has 191 Decentralized applications in all kinds Of sectors like culture defy enterprise Exchange infrastructure tools and wealth Management for example platforms like One inch ave binance bitfinex and Cartesi all of these support avalanche And avalanche has a native bridge Platform which is in its beta stage it Works with metamask coinbase and wallet

Connect on the other hand solana has a Very diverse and very impressive Ecosystem and it currently has more than 1500 dapps from all kinds of different Sectors nfts for example wallets dexes Decentralized exchanges web three apps And others for example a very popular Dap like phantom for example audience is Another one orca serum radium solinart Solend and many many more solana wins This round and it's more of a definitive Victory as we see it they simply have More daps and more diversified daps Across more sections so solana wins this Round pretty handedly and there we have It at the end of this we walk away with A 3-3 tie I guess you could say that the Tiebreaker is going to have to go to the Community let us know in the comments Below who do you feel really should be The victor is it avalanche and the abax Token is it solana and saul because After analyzing these six factors we can Only conclude that both blockchains have Tremendous potential both can scale Sustainably at least hopefully in both The short term and the long term but While they've both been developing we Can clearly see that avalanche is the Project that has shown fewer Vulnerabilities in its execution and That's a variable that remains at the Forefront of crypto community members

Therefore we believe that so far Avalanche and its ecosystem represents a Bit of a safer bet but at the same time We're so impressed with what solana has Done we do not feel that they'll Continue to have capital leaks by Hackers because ultimately this is a Blockchain that's going to be able to Correct this therefore we recommend that You develop the habit of following the Developments of these blockchains Through their social media networks of Course and that you continue to Understand their fundamentals so let's Crowdsource this decision a little bit Let us know guys in the comments below What's the tie-breaking decision is it Gonna be avalanche or is it gonna be Solana that wins this round with a Decisive seventh round crowd decision Victory you guys can let us know if You're still watching this video be sure To like subscribe share hit the bell to Receive notifications best of luck if You choose to invest but never official Financial or investment advice check out These other couple of similar videos Guys if you've enjoyed today's content Stay safe out there and as always we do Up to you again soon in our next video Take care You