Avalanche Token vs The Graph Token vs Elrond
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | The Graph aims to make it easier to querry blockchain data. | Elrond will allow developers to create more scalable DApps with faster transaction times. |
Token Stats
Company Description
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. | The Graph Token is the native currency of the The Graph ecosystem. Their goal is to create an indexing protocol for querying decentralized networks, and allow anyone to publish open APIs, called subgraphs, which will make this data more accessible. These subgraphs can be composed into a global graph, and can then be transformed, organized, and shared across applications for anyone to query with just a few keystrokes. | The Elrond blockchain platform is designed to be a public development infrastructure that will be more secure, efficient, and scalable than other blockchain platforms. The Elrond blockchain is aimed at DApp developers and enterprises. Elrond will have a Prof of Stake consensus mechanism, and will include an Adaptive State Sharding feature that will allow multiple validators to process transactions in parallel. |