1/ #Avalanche is the fastest smart contracts platform as measured by time-to-finality.
Amongst many strengths, compatibility with the Ethereum Virtual Machine (EVM) from day 1 has been a catalyst for Avalanche's growth and is critical towards its mainstream adoption.
A 🧵
2/ What’s the EVM?
A computation engine acting as a decentralized computer. All Ethereum nodes run the EVM to maintain consensus.
#Avalanche also runs the EVM but instead, is powered by faster consensus that enables near-instant tx finality, low fees, & high decentralization.
3/ ELI5: The EVM essentially allows an instance of Ethereum to seamlessly run on top of Avalanche.
4/ @solidity_lang is a smart contract programming language that runs on the EVM and is the most popular language used by smart contract devs.
In Dec. 2019, it was estimated that there were 200k Solidity devs. Today, $150B+ in TVL exists on EVM-compatible chains.
5/ Instead of re-inventing popular tech, #Avalanche leaned into what’s familiar to developers and dapp users–while innovating at each layer of the platform.
Avalanche’s high-performance and the EVM will quickly unlock incredible opportunities. Here’s how:
6/ For @solidity_lang devs, #Avalanche allows for quick workflows.
✅ No need to learn new languages
✅ Favorite Solidity tools like @HardhatHQ, @trufflesuite, & more work out-of-the-box
✅ Rapidly growing online dev community–Discord w/ 20k members! chat.avax.network
7/ For Ethereum users, #Avalanche allows for an easy, fast, and cheap DeFi experience:
✅ Tx costs are a fraction of what you’re used to paying
✅ Tx’s settle in under one second
✅ Use familiar tools like @MetaMask
8/ Looking into the future, #Avalanche still has a lot to benefit from the EVM.
The newly launched Avalanche Bridge (AB) can scale horizontally with other EVM-compatible chains. Just with Ethereum, nearly $1.5B of crypto assets have bridged.
11/ For any smart contract chain with scalability issues, Imagine your chain being usable by all and being competitive with speeds familiar in Web 2.0.
#Avalanche invites you to build a VM and scale using Avalanche consensus with subnets (coming soon)!
12/ Other things to be excited about with #Avalanche:
🔥 Improved liquidity via exchanges
🔥 New NFT marketplaces
🔥 New, end-to-end Avalanche experience
🔥 Initial Litigation Offering (ILO)
🔥 Much much more!