Avalanche made massive gains last week and is continuing to take a leading position of projects to improve Ethereum like it is today. Avalanche has proven to be a groundbreaking platform and is constantly announcing new partnerships and projects based on Avalanche.
But is it really possible for Avalanche to surpass Ehereum? Ethereum is big, famous and leading, everyone knows and uses it.
I have made a list of arguments for and against Avalanche surpassing Ethereum:
Reasons why Avalanche will surpass Ethereum: - Better tech because Avalanche is using Avalanche consensus: better scaling, better decentralization, 4.5k transactions per second and fast transaction confirmation
- It is very expensive to use Ethereum for small transactions currently
- Avalanche is a capped asset (720,000,000 AVAX cap) – Ethereum has infinite supply
- Ethereum 2.0 will take much more time to develop. Plenty time for Avalanche to prove to be better
- Avalanche network is saving energy (green)
Reasons why Avalanche will not surpass Ethereum: - Ethereum is big, famous and leading, everyone knows and uses it
- Developers won’t abandon Ethereum
- Huge funding for Ethereum
What it your opinion? Will Avalanche surpass Ethereum?
Every use cases that avalanche posses aren't new, I'm telling the fact that there are many smart contract project that have better utility than Ethereum but that still doesn't change anything, it's same thing with bitcoin, it's old and even BCH fix many issues that is affecting Bitcoin but do you see BCH at the first position?
Most project isn't really new, EOS, TRON or Polkadot are still using classical consensus and classical consensus is limited because it scales quadratical. You can have 100 nodes, it all works fine but if you have 200 nodes, it is already 4 times more difficult to reach consensus. If you have 400 nodes, it is 16 times more difficult. Classical consensus can't scale but Avalanche consensus can scale because every node is participating actively.
BCH has good feature but it's still limited. Avalanche had a dev, he was a BCH dev and works now at Avalanche because BCH is too limited. He made a good decision.