Avalanche launched in September 2020 as a direct competitor of crypto’s second most valuable blockchain network . In particular, Avalanche pits itself as a ‘blazingly fast’ ‘low-cost’ and ‘eco-friendly’ alternative to Ethereum’s well-documented problems.
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The protocol is capable of sub-second transaction times. According to company bench tests, Avalanche can support up to 6,500 transactions per second and can scale to millions . Ethereum can handle around 15 transactions per second in its current state. It takes 35 network confirmations to finalize Ethereum transactions.
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