❄️Avalanche Network

Avalanche launched in 2020 as a platform for smart contracts, the creation of decentralized applications, or dapps, and subnets, or custom blockchains. Avalanche is "designed to be faster and cheaper to use than Ethereum, processing more transactions per second at a lower cost," Hougan says. According to Ava Labs, Avalanche can process over 4,500 transactions per second, while Ethereum can support roughly 13 transactions per second. Avalanche operates on a proof of stake (PoS) model, where validators verify transactions according to how many coins they hold. Supporters of PoS say it is significantly less energy intensive than other models and has less of an environmental impact.

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