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#Kernel goes up! Key word: Security
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##AVAX Avalanche /AVAX/ is a blockchain platform with the native currency AVAX. Avalanche is a competitor to Ethereum that prioritizes scalability and transaction processing speed. AVAX is used to secure the Avalanche blockchain and pay transaction fees across the network. Transaction fees and the rate of AVAX coin creation are determined using a governance model. Avalanche was created by a team of developers in 2020, including Stephen Buttolph, Amani Moin, Kevin Sekniqi, and Emin Gün Sirer. It is intended to serve as a payment system and as a platform for creating decentralized applications. Originally, Avalanche claimed a much faster transaction processing time than it has demonstrated in the past—4,500 transactions per second vs. Ethereum's limit of about 14.6 But the Avalanche network has yet to reach that speed. For the week of Sept. 8, 2024, to Sept. 14, 2024, the network averaged more than 8.12 million transactions, or about 13.43 transactions per second.7 On its fastest day that week, Avalanche reached about 405 tps—much more than the Ethereum network manages. Source Internet
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#Kernel Prediction - $1K - coming soon 😉 Key word: SECURITY
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#ADA Buy time
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#ADA What is ADA (Cardano)? ADA is a “third-generation” blockchain. Designed to solve the scaling issues associated with both generation one (Bitcoin) and generation two (Ethereum), Cardano (ADA) is a constant source of innovation. Where previous generation blockchains are prone to high transaction fees & low TPS (transactions per second) due to limitations in their design, Cardano is being built to provide a decentralized, low-fee, high-TPS Proof of Stake (PoS) network solution. ADA aims to improve the speed & overall capability of its network in multiple ways. Standing at the forefront is ADA’s own Proof of Stake (PoS) consensus protocol, dubbed Ouroboros. Ouroboros greatly reduces the energy cost of the network – especially when compared to a Proof of Work (PoW) mechanism – without sacrificing security. ADA was founded by Charles Hoskinson – one of the co-founders of the Ethereum network. Source: Internet
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