Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Bitcoin

Avalanche blockchain is a decentralized platform for public and private ledgers that combines performance and security. Avalanche is a platform that allows for multiple different blockchain systems to be layered on top of each other in order to create an infinitely scalable, cryptographically secure, tamper-proof ledger that can be used for any number of industries. The Avalanche network will be resistant to attacks from quantum computers, which are predicted to be capable of breaking the asymmetric encryption used today.

	Bitcoin	Avalanche
Created by	Satoshi Nakamoto	Emin Gün Sirer, Kevin Sekniqi, and Ted Yin
Native token	BTC	AVAX
Consensus algorithm	PoW	PoS
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	5	4500
Block time (secs)	600	2
Layer	1	0
Supports smart contracts	No	Yes
Average transaction fee	$5.0973	$0.12
Staking rewards (APR)	0%	8.96%

Bitcoin vs. Avalanche

Overview

Table of Contents

Comparison

Is Bitcoin faster than Avalanche?

Is Bitcoin cheaper than Avalanche?