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Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.
AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.
Solana crypto is a high throughput blockchain based on the Proof of History (PoH) and Proof of Stake (PoS) consensus. Built by a team of networking engineers, Solana aims to become the blockchain infrastucture for modern internet applications.
Solana’s native currency is SOL. Solana (SOL) is used to pay for transaction fees and staking in order to support the network.
The Ultimate Comparison Guide Between Avalanche and Solana
Timestamps
0:00 Avalanche AVAX and Solana SOL
3:29 Blockchain Features
6:25 Consensus Mechanism
7:29 Decentralization
9:02 SOL and AVAX News
10:38 Tokenomics
12:46 Ecosystem
13:57 Final Thoughts
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