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Avalanche’s Scalability Features is an Alternative to Ethereum, Says BofA

Twitter icon  •  Published 2 years ago  •  Hassan Maishera

Bank of America analysts believe Avalanche's features makes it an excellent alternative to Ethereum

Bank of America analysts led by Alkesh Shah said in a recent research note that Avalanche’s ability to scale while remaining secure and decentralized means it is a viable alternative to Ethereum. The analysts said Avalanche’s subnet feature is leading to higher adoption of the blockchain.

“Subnets enable faster time-to finality (settlement) and lower costs than alternative blockchains,” the analysts wrote. Avalanche is an open-source network for launching decentralized finance (DeFi) protocols and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. Avalanche’s native token AVAX is up by more than 14% over the past 24 hours as the market slowly recovers from the recent slump.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.