Avalanche Token vs RealTract
What problem does this service solve?
|Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times.||RealTract's goal is to create a better performing smart contract platform.|
The Avalanche token (AVAX) performs various tasks within Avalanche's Proof of Stake blockchain network. The Avalanche token functions as a rewards and payment system for users. The network is designed to be an open-source platform for launching highly decentralized applications, enterprise deployments, and decentralized financial instruments. The Avalanche ecosystem is meant to be smore scalable and interoperable than other blockchain platforms. Unlike Bitcoin and many other networks, transaction fees are “burnt” in order to increase token scarcity. This process is offset by the release, or “minting,” of new coins.
RealTract is developing a smart contract platform based on a Directed Acylic Graph (DAG) protocol. They hope to create a faster and more scalable smart contract platform that can handle more use cases. The RealTract network is currently powered by the Ethereum-based RET token.