The reason this smart contract-driven blockchain network is so exciting is its speed, scalability, and compatibility. In terms of speed, transactions on Avalanche's network offer a block finality of less than two seconds.
In English, this just means files, data, and payments sent on the network reach their destination and are validated in less than two seconds. Comparatively, Bitcoin BTC There are clear-cut comparative advantages when it comes to scalability versus the "Big Two" as well. As for Avalanche, its development team touts the ability of the network to process north of 4, TPS. For some added context, payment processor Visa can handle up to 24, TPS. Being fast and scalable helps keep transaction fees on Avalanche's blockchain network quite low.
But what most impresses me about Avalanche is its compatibility. In other words, Avalanche is dangling a carrot to dApp developers that will hopefully entice them to come to its network and enjoy faster processing, lower costs, and exceptional scalability, relative to Ethereum. To me it seems like a no-brainer that dApp developers will flock to Avalanche in and beyond. While social media-based hype and pumping were the keys to big gains in the meme coins in , the not-so-subtle secret to sustainable long-term gains in the cryptocurrency space is providing differentiation and a competitive edge.
Algorand does this through its speed, security, and focus on interoperability. Similar to Avalanche, Algorand makes sending data, files, or money -- as well as scaling the network -- fast. At last check, Algorand's website showed it was processing at 1, TPS this blows Bitcoin and Ethereum out of the water , and it had an impressive block finality of 4. Considering that existing financial infrastructure can take up to a week to validate and settle cross-border payments, completing a transaction faster than most of us can walk to our refrigerators is quite impressive.
Algorand differentiates itself in a positive way with what's known as its pure proof-of-stake PPoS consensus mechanism. With standard proof-of-stake networks, it's possible for smaller holders to potentially disrupt the network. But with PPoS, holders are randomly and secretly chosen to vote on proposals and propose blocks. Since holders of ALGO have an incentive for its success, this randomization all but eliminates nefarious activity that might otherwise disrupt the network.
However, the real key to Algorand's long-term success is its prioritizing of interoperability. In simple terms, we're witnessing the development of countless unique blockchain projects. While some will play nice with each other, there's a good chance many won't work together.
That means no ability to send data, files, or payments. Algorand is specifically looking to bridge these technological gaps. For enterprise utility, Algorand is a genius play. Axie Infinity slots in as the No. Axie Infinity is a play-to-earn game built on the Ethereum blockchain. And I probably don't need to tell you that it's not difficult to lure in gamers if there's a potential monetary reward for their involvement. The game is fairly straightforward.
Users collect, raise, breed, upgrade, and battle monsters known as Axies, with a minimum of three Axies needed to wage battle. Users who win these battles are awarded experience points, which can be used to upgrade various aspects of their characters. What makes this project, and other blockchain-based gaming, so unique is how ownership of these digital assets is recognized. With traditional console and PC gaming, any characters or virtual worlds created remain the property of the company that developed the game.
But with play-to-earn games like Axie Infinity, users own their creations. Each and every Axie created is a non-fungible token NFT. These NFTs can be used in game play, or they can be monetized in a marketplace i.
Avoiding fees and reducing debt. Despite navigating several periods of economic uncertainty over the past decade, namely the recent COVID pandemic , younger generations are quite optimistic about their ability to retire. When asked when they expect to stop working, Gen Z cited a median age of Investopedia found each generation is thinking about retirement, but planning approaches vary.
Just as portfolios are evolving with technology, so are retirement plans. The Investopedia Financial Literacy Survey found that while most of each generation still expects to rely on traditional income sources such as Ks and social security when they stop working, cryptocurrency has also made the shortlist.
When asked where they get their investing information, all four generations surveyed by Investopedia said friends, family, and the internet are go-to education sources. Perhaps unsurprisingly, young adults that have grown up with social media and the internet say they rely more on digital, often video-based, content to learn about investing and personal finance.
The internet is a go-to source of guidance for older generations, too. YouTube is just as popular among Gen X investors as it is for millennials. Baby boomers are the most likely generation to go directory to financial information websites like Investopedia for investing insights. The survey was fielded via an opt-in, online self-administered questionnaire between January February 7, to 4, U.
To learn more, see the full methodology. Survey research and data analysis led by Amanda Morelli. Center for Retirement Research at Boston College. Personal Finance. Your Money. Your Practice. Popular Courses. Table of Contents Expand. Table of Contents. More to Learn About Crypto, Investing.
News Cryptocurrency News. About half of all surveyed adults feel they have a deep understanding of consuming managing spending and keeping a budget , paying taxes, and saving. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.
You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Top 10 Cryptocurrencies In April · 1. Bitcoin (BTC) · 2. Ethereum (ETH) · 3. Tether (USDT) · 4. Binance Coin (BNB) · 5. U.S. Dollar Coin (USDC). With over 16, digital currencies now listed, standing out is getting tougher in the crypto space. However, this dynamic crypto trio shouldn't. One cryptocurrency that was in the top 10, Tether (USDT), 9, $46, (+%); What a $ investment would be worth now.