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Avalanche's Bid for the Smart Contract Market

Sep 24, 2020 ⋅  10 min read

Avalanche is the latest Ethereum competitor on the block, and it's off to an explosive start, appreciating 720% within hours of launching. While Avalanche is off to a hot start, it will face an uphill battle in an overly crowded and funded market. Avalanche’s road to success will depend on its differentiating characteristics: leaderless consensus, no slashing penalties, a hard cap monetary policy, and an aggressive strategy for wooing Ethereum users.

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Wilson Withiam was a Senior Research Analyst at Messari. Previously, he worked at Circle Research where he conducted research on cryptoassets. He graduated with a B.Sc. in Kinesiology and Exercise Science before studying computer science and economics at UConn.

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About the author

Wilson Withiam was a Senior Research Analyst at Messari. Previously, he worked at Circle Research where he conducted research on cryptoassets. He graduated with a B.Sc. in Kinesiology and Exercise Science before studying computer science and economics at UConn.

Mentioned in this report