Over 6500 $AVAX burned from the C-Chain over a very short amount or time with just 2 DAPPs, think what it will be like with thousands of DAPPs on there... and that's just one blockchain. Rather than fees making a few ETH miners rich all fees are burnt in AVAX, benefiting everyone
There are several blockchains in the Primary Network all burning $AVAX for transaction fees. There will ultimately be thousands of blockchains and subnets all having to stake AVAX (currently over 80% is staked) and burn AVAX for asset / blockchain and subnet creation.
And all with a fixed capped supply like with Bitcoin, unlike other platforms which have high inflation leading to continuous dilution. DOT has 10% inflation. If the price of DOT remained the same by 2050 the market cap would be $473 Billion and supply would have increased 16x
It's also one of very few blockchains which enterprise use provides utility for the $AVAX token, compared to others that just run on a permissioned version of their chain, not paying any gas fees / staking adding no value.
1/ The Avalanche ecosystem is rapidly expanding offering high performance, sub second finality, low cost, enabling Ethereum DAPPs to easily port over with 100% compatibility to expand to other ecosystems, incredible tokenomics and all WITHOUT sacrificing decentralisation
1/ @MIT discussing the need for blockchain gateways to achieve interoperability across different blockchain networks, and to support the cross-blockchain mobility of virtual assets
@quant_network are collaborating with MIT in the creation of ODAP
$QNT
2/ "In order for blockchain-based services to scale globally, blockchain networks must be able to interoperate with one another following a standardized protocol and interfaces (APIs)"
Gilbert founded ISO TC307 which 60 countries are working towards standardizing the interfaces
3/ "We believe that a blockchain gateway is needed for blockchain networks to interoperate in a manner similar
to border gateway routers in IP networks. Just as border gateway routers use the BGPv4 protocol to interact with one another in a peered fashion we believe that a...
✅Integrated into Europe's leading payments provider network (SIA) connecting Central banks, 580 Banks
✅Working with Central Banks, Govs and Enterprises
✅Comcast and Rockefeller on the Board
and only $270 million FULLY DILLUTED mc 🧵👇
2/ Quant are working with and in talks with numerous Central banks such as the Bank of England, as shown below with William Lovell, Head of Technology at the Bank of England in this Hyperledger Trade Finance call wiki.hyperledger.org/display/TFSIG/…
3/ SIA provide a private financial network which is the backbone of the European financial market. SIA and SWIFT are the only 2 providers for the Eurosystem Single Market Infrastructure Gateway, granting access to all RTGS, Securities and Instant Payment transactions for Europe.
. @quant_network provides scalable Any-to-Any interoperability that can seamlessly integrate with any blokchain and legacy system. It enables the creation of Multi Chain DAPPs that span multiple blockchains and existing networks.
See the linked threads below for more info $QNT
See this 37-tweet thread (Click for more replies once you reach the end if can't see all 37) about why CBDCs are going to be a game changer and how Quant have laid the foundations for Overledger to be the global infrastructure for CBDCs
See this 22-tweet thread for an overview of how Quant performs interoperability and runs on top of blockchains, rather than being a blockchain itself to provide a future proof, scalable solution that's aligned to global standards that are being worked on.
1/Visa sees the value of being a Network of Networks, capturing value from all connected networks
@quant_network enables Enterprises to create their own Network of Networks that can interoperate with any blockchain and existing network at scale and in a compliant manner🧵👇 $QNT
2/ Overledger Network for Enterprise enables businesses, Financial Institutions to run their own secure gateways and form a layer 2 scalable network that can connect to any blockchain or existing network. ZKP can be used for privacy and additional compliance layers built on top.
3/ 1st Party oracle functionality is possible with data being signed at source for security, enabling data providers to add value to the network and be rewarded with aggregation across gateways being possible off-chain rather than most of the value going to miners instead.