Hello, hello, hello. What is going on, i don't know. What do you want to call yourselves the kryptonians welcome back. What is this episode number four of the new crypto show and this one as it's titled, the crypto you need to have so at the end of this, i will be doing a quick news update, but i want to spend most of the time, for this particular Show sharing not everything you need to know, but a lot of the high level and important details for a crypto project that i think everyone at least needs to consider now.

Obviously, i'm not a financial advisor. I just really like crypto and i want to talk about specifics of one project avalanche and i just want to share some information on it and why i think it's particularly interesting. So with all that being said, let's hop right into it. So here's avalanche just so.

You know the native token avax is currently trading at 103. over the past week, it's up 21 over the past month, 6 percent and year to date it is up 3 163. It has come a very very far away. This thing has had very impressive gains and let me hop right into what you need to know all about it, so this is avalanche.

You can check it out. Avax.Network is where you're going to want to start your own personal research, your own little dd into this particular project. But let me tell you: it is a very yes complicated, but when you dive into it you're going to realize how impressive of a project this is. So what you need to know about it, just from the highest level view is.

It was created in 2018 by ava labs, which was created by this guy uh emin. He is a cornell professor he's a computer science, smartie pants, very, very impressive person, very, very impressive team, so it was created in 2018 and its mainnet went live in september of 2020, so pretty recent um september 21st of 2020 excuse me: avalanche made, net went, live And since then, as you can just see from a chart, it is growing very, very nicely a little bit just so you know about the tokenomics of it is the max supply its deflationary? The max supply is going to be 720 million tokens for avax. The transactions are going to be, the transaction fees are very, very cheap, especially if you've been doing any transactions related to ethereum, so very, very cheap, and whenever there are transaction fees, they're actually burned um. So this is definitely a deflationary situation for the tokenomics of avalanche.

You can find this on corn market cap. As of now the overall project. It has a market cap of 25 billion. That means it's number 10..

Now the highest level view i could possibly give you is. It is in, i would say, an interoperable smart contract platform. It is a a defy hub, it is a a platform of platforms. I think those are all three solid, like one sentence, describers of what is avalanche and if you take any of those into consideration, you would understand that it's battling the likes of ethereum solana, cardano algorand.

All these are very much in competition with each other. Just so, you know kind of the weight class that avalanche is particularly fighting in now very quickly. Let me just get into the specifics, and i know some of this might bore you, but it is very important to know why avalanche is special, why avalanche is avalanche. So back in the heyday of the 1980s 1990s, these computer scientists the consensus model, which is very important in the world of what's going on right now with crypto, it was a a classical method, uh right here, classical uh, also referred to as byzantine after that came In nakamoto, uh, you've probably heard that name before, especially if you're paying attention to bitcoin and as you can see, it was a little bit different and it tried to improve upon the classical model.

So the classic model - low, latency, high throughput lightweight the issue here - is as the amount of nodes grow uh, it really messed it up. Hence nakamoto came in and said: hey, let's be scalable robust, secure and that had its own host of issues, mainly when the transactions themselves. You want that to also be scalable. So what these eman, the cornell guy, who ava labs and his team they're like? Let's take the best of both worlds: let's do all of this.

Let's be decentralized, let's be scalable. Let's make sure we have good transaction speeds, they wanted to kind of nitpick the combo of these two and do what they could, and this is exactly what led to the avalanche consensus protocol, which is exactly the thing that is powering the entire avalanche project. Now, just so, you know - and this is going to come up if you're studying anything related to avalanche, they do have another protocol for specialized cases, mainly for their smart contracts. I think nfts and that's actually called their snowman protocol, and this is really getting into the hardcore math of it.

But that's more linearized and basically just think of it as like a specialized way when they're handling protocol and it's like unique to the world of smart contracts, and it just basically makes it very fast, um relative to what it could be out there. If they weren't doing this in the special edge case of nfts, but once again that is called the snowman protocol so overall avalanche, the project is powered clearly by the avalanche consensus protocol and the native token is avax itself. But the one thing that i really want to stress here is where it gets super super cool is when you look more into how the network is working, there's actually three different blockchains. You have the x, the c and the p, so the coolest one is the p subnet and i'm going to get into that in a second.

But let's quickly go over the two, so first of all the c block chain for this network, that's basically everything that has to do with their smart contract. So that's where all the all of the technology that relates to the processing transactions, everything basically where the snowman protocol is going to be, is going to leave on that blockchain, the c blockchain. You also have the x blockchain and that's think, avex the creation, management and uh transaction of tokens, and then the coolest one where this is really all set apart, is the p blockchain. So this is where yes, you're gon na have the validators and staking, but the coolest part about all this is the sub names so think of avalanche.

Overall, you have this platform of platforms and the way you get there is you have this default platform that has these three blockchains, but you can spin a subnet off of it, and these subnets are highly customizable, and this is gon na be very important in just One second, so, first of all, if you look at avalanche straight up, you're gon na see it's fast transactions, 7 versus 14 bitcoin and ethereum 4500 for avalanche, but this is per subnet, so 4500 per second per subnet. So obviously, you can scale all these out and the avalanche consensus model. It's actually technically a dag, a dag so and that's just a fancy way to say how the data is structured. But this is it's really going to help with things that are going to be.

Paralyzable is technically the word. So, basically, there's no singular transaction. That's going to be processed, say on like one subnet that then slows down everything else. Lots and lots of things can run in parallel, and this is great because if you want to spin out your own subnet and doing your thing and i'm doing mine and the government's doing theirs, they're not really going to have issues with each other.

So very very fast um, the finality i mean 60 minutes six minutes and right now, actually i was reading some with avalanche actually being some one second and with it one of the biggest problems - and this has come up recently. The nakamoto thing going on here. One of the biggest problems is actually its environmental impact, and obviously avalanche has tried to. I guess battle that so is nakamoto technically an improvement upon classical yeah, but then avalanche is in a consensus protocol.

That's an improvement upon the two and much more energy efficient which, obviously, in this day and age, that is obviously better to be a lot of people are going to be attracted to that type of a thing. But let's talk about how cool these subnets are. This truly is, and you can get into all of this and the the math the theory all this is it's super complicated super cool for me. I particularly like to dive into it, but i'm trying to do my best to just articulate where it would mean for someone who doesn't care about technology or math like maybe that's just not your go-to thing to nerd out about.

But when you have all these individual subnets that are all highly customizable, i mean technically avalanche is a proof of stake and it works a little bit differently. It's kind of proof of stake with its own little twist that relates to gossip. So, basically, it's going to sub-sample. So when you have a random grouping of validators, you ask them what's going on, they confirm it.

They ask their neighbors and that's where the gossiping comes out from there and they're like okay, that's uh, that core group and that's good, because as it scales, the consensus model always takes a certain amount of time. It has nothing to do with the growth of how many nodes there are, which is very, very different for bitcoin. Obviously, there's always going to be the miners, so a little bit of different tech there. So it's proof of stake with a little bit of a flare, but what is so cool is.

I can make my own subnet and i can make it completely different. I can make it proof of work. I can make it proof of steak. What's cool? Is you have your own option and you can make it private or public? And then this is where it comes into banking, the government so many different options, because every single subnet is so incredibly customizable, which i think really gives this project an awesome fighting chance, because it's kind of opened up where whatever's perfect.

For you, you have the opportunity to customize this little subnet your little sub network, for whatever is perfect for you, and on top of that they are playing very, very nice with ethereum. They have an ethereum virtual machine, so you could do a lot of work with that and that's really not the subject of this, but a lot of cool interoperability right there. So this is the main thing that's going to set avalanche apart, and i don't want to get too into it. Obviously, all that stuff high-end math - it's really really cool - i'm just trying to give you like the general vibe really of where avalanche is what they're doing the domain that they're fighting him and why i'm particularly attracted to it there's you could come to their website.

You could always check out their own breaking news if you want to read on it a little bit more avax dot network and just to give you a little bit taste of it. This just came out bank of america impressed by avalanche scaling, capabilities, highly scalable, very fast, very low finality awesome stuff. It's catching the eyes of legitimate banks and from there i don't think it's far off from catching the eyes of government officials or government entities. That could also utilize this a little bit ago.

Avalanche becomes the 10th most valuable crypto coin with technology that may challenge ethereum's dominance. So a couple things i want to say here about avalanche and we need to be for a second a little bit real. So in the world of smart contracts and utility-based projects, avalanche is not necessarily in the key ingredients of a crypto project, not necessarily the best at any of the three main ones. So, for example, ethereum relative to avalanche is actually more secure.

Cardano relative to avalanche is actually more decentralized. Solana relative to avalanche is actually faster. So in this it's not the best in any one individual thing, but it's also new. It's mainnet launched in september of 2020, so the potential is immense, and just because it's not the best in any of those one particular domains right now doesn't mean that that's not on the roadmap for them to really battle it out in a certain sub-domain that they Want to i, i think that they could really pull off this entire concept of being a platform of platforms, a d5 hub and one of the coolest things that i really like about avalanche and also cardano.

Is that they're really putting this interoperability forward? And interoperability is basically the best way to think of is bridging between different native tokens coins, all that good stuff um, this concept of crypto being able to cross with other crypto the fact that they're? Listening to that? The fact that they are putting that on the roadmap really really like it, the technology is highly impressive. The team is highly impressive and if you don't care about any of that whatsoever, if you're like dude, i don't need to know the math and the numbers and the acronyms or this or that i get it it's a utility coin. Is it good? Is it bad? It sounds like you, like the technology cannon, the santa hat. Well, if you don't care about any of that and you're exclusively here saying, where is is, is there opportunity to make money? Well, this is the weekly graph, like i said year to date, it's up 3163.

Roughly the same over the past one year on the weekly graph, looking super super strong. If we go a little bit bigger time frame the four hour right here, the fact that we found the support multiple times at 70 to 80 75 to 80.. We had some consolidation, some rejection, some support, support, support, support, support bounced off of that broke out of this pattern of lower highs and to me it's looking strong, so it is the end of 2021. We are halfway through december personally for me over the next couple months, especially depending on what goes on in the tech sector and securities regulation and crypto regulation, borrowing anything insane.

I do believe that avalanche is on its way to test its all-time high, and i myself looking at the adoptions, the amount of transactions and all that good stuff. I don't think it's that crazy a year from now, if we're doing a december update video seeing avalanche kind of trying to fight it out in the realm of maybe 175 pushing 200.. I myself do own avalanche, i'm just trying to be as transparent as i possibly can. I believe in the project.

I, like the team i like what it represents for the crypto community and i think they're executing on it well and it's more particularly exciting to me, because it's so new and it represents so much potential and whenever you're looking for an investment to make money. You obviously want something that has a lot of potential and then you're hoping that that potential comes to fruition. So for me trading at 103 right now, i would love for it to be battling it out at 175. 200.

Obviously the higher the better, but i want to kind of base it off of the transactions and the adoption of this overall project, but once again the project is called avalanche. The negative token is avax. I hope you can use this as a little bit of a resource for you to start your own research and dd on it, maybe a little something to accompany what's going on, but for me i'm pretty impressed with it uh i represent. I fully understand it's not necessarily the top of the domain in any of those like one little sectors, but when you look at it all together man, i think it's just such a good opportunity.

It's not something! I'm particularly interested in hopping in hopping out of, i think it's going to be more of a longer term play, and i think, if someone is patient and can see where technology and culture are really heading and where avalanche can sit in on that, where it can. Like be a particular keystone, i think it represents an immense amount of potential. So with all that being said, if you have questions comments, i would love to hear them. Maybe you agree with me: maybe you don't at all and you think i'm completely missing something, but would love to have a talk, particularly about avalanche and as those are all coming in.

I do actually want to give you kind of a quick since we're talking about smart contracts and nfts a little bit more news type of a thing. So the fed decision, galaxy fund and celebrities push soul to recovery after network freeze so recently, solana. Just because we've been talking about it, uh had a ddos attack and it went down, and now it's back up. Solana is beginning the thursday trading day up 12 recovering from prior losses inflicted by a network freeze after it couldn't handle the demand from a popular ido.

So this was a network freeze from an ido, but they had some other things going on so lana led the overall digit assets market in gains after the defendant announced it would be getting tapering and galaxy digital. So if you want to check this out, this is on block works. It's a pretty quick, read kind of interesting, but we did see as the tech sector yesterday popped as i'm filming this in real time not doing the best today uh, but the tech sector yesterday did extremely well and we saw a pivot from safer, high, less high Growth back into high growth, including the nasdaq, and we also saw that throughout the entire crypto ecosystem and solana, had a very very nice pop-off of it and like it said there were uh, some definite celebrities supporting it and the hottest news is right here. Former first lady melania trump announced his nft platform.

It will also release an nft on solana, so you can read this right here. This is posted by blackworks, the former first lady of the united states, mrs melania trump, to launch a new nft and blockchain technology. Venture um: this is literally hot off the press uh. What is it you can get we'll release nfts in regular intervals exclusively on melania trump.com, the first nft entitled melania's vision will be available to purchase for a limited period between december 16th and the 31st.

So we have another person hopping into the world of nfts and i believe coffeezilla had already some pretty interesting commentary on it, and this is this one's pretty interesting speaking of evan ft's and the popularity of all that stuff, uh, even shopify, getting into the game, now Sell nfts on shopify another piece of breaking news today, clearly clearly clearly clearly crypto in general. I don't think many people are arguing anymore, that it's not here to say, but even that sub niche of nft's non-fungible tokens it's here, it's important uh. Maybe we can have some legitimate discussions about ones that provide utility or don't, but just in general, this technology, the nft based technology, it's the adoption rate is way too high. I already think it's hit a point of critical mass.

I think it is obviously here to stay uh, just it seems like every day, there's new stories, new developments that relate to all this stuff. I i just don't see how, as a society a culture of where we are technologically, i don't see it going anywhere. If anything, i see it getting bigger and bigger and bigger, especially with continued development of things such as the metaverse, which is why i am particularly bullish not only on avalanche, but all these main players. All these main utility projects - ethereum cardano solana, avalanche algorand, all of them.

I have a piece of them. I think there's a world in which multiple of them survive and do extremely well now. Can i guarantee that they all do all those ones that i just listed. I don't know, but that's why i'm not gon na take a chance on missing it and any of those major ones i buy and i sit i buy.

I hold. I sit it's honestly that simple, so that is your very quick crypto news update on the day. Your breakdown of avalanche, i hope that serves as a kickstarter for all of you, the subnet stuff, so incredibly cool. I wouldn't be surprised if avalanche is on its way up to maybe spot number, seven, it's at 10 right now, maybe six or seven.

I could see it battling out at uh and as long as its adoption rate continues to go through the roof, i think it will continue to grow and grow and grow in terms of the other cryptos right now. Just for your quick breakdown for today december 16th, btc, it's kind of flat - it's been range bound, not doing much we're bouncing between 46 000 and let's just call it 50. 000. I think this was an abnormal spike right here, so kind of flat aetherium.

One of my favorite utility coins uh it's attempting to break out of its downtrend. We have this pattern of lower highs. Let's see it did officially break out, but let's see if it can hold because, like i said, the nasdaq 100 is dragging things down today. It's down 2.64 uh, so not the best reaction overall uh, the tech sector, getting smoked right now: solana, beautiful bounce off of 150, all the way up to 180 and then avalanche bouncing off of 76, all the way up to 103.

um. For me, if you're looking, if you have patience and you're looking for an opportunity to get into avalanche, i think the closer to 75.80. You just have less risk so really for you, i'm never ever going to be a fan of buying like a ripping thing. I want to kind of see some weakness and maybe some buyers step in and be like one of the earlier buyers to step in when the bears run out of, i guess, strength, uh right now.

I i still think that the best opportunity is as close to 75 and 80 as you can get it just to be a little bit more mindful of your risk to reward setup. So with all that being said, let me see what's going on all right. What do we have voyager coinbase binance prices are all identical, but crypto.com has a 173 cent higher. Can i get a thick explanation? Shout out truckers so with it, and this is actually a more of a market structure.

Question is different. Exchanges have different prices like even now, if you're talking about the equities market, if you're looking at the nasdaq, if you're looking at the new york stock exchange, it can differ and there are very fancy algorithms that notice whenever there's a differentiation, that's an arbitrage opportunity. You short the higher when you buy the lower one and you wait till the price. Is the exact same? It's just that type of arbitrage.

I think, is more fully built out on the equities market opposed to the crypto market. For now um they are independent exchanges. You could be buying something for 20 on one exchange and then 20 in a cent or 19.99 on a different one. They are independent exchanges, uh the various ones that you message right there, but also with that.

I don't know which one prices are all identical, but crypto.com one to three cent higher, i'm not sure if that's specific to avalanche or if you're just saying it generically. But let's say it is specific to something like avalanche or solana. I mean a one to three cent difference when it's 103 and i view it to be more of a long term hold. I mean i'm not going to cry over that one.

Hey matt, i'd like to hear your unbiased opinion on avax versus ciscoin is supposed to be the best of bitcoin and ethereum. So i i don't think i can give you like a fair breakdown of cisco um. I've heard of it. I've messed around with it.

A little bit, but i'm just not as knowledgeable with it as i am ethereum, avalanche or bitcoin, so i mean yeah. Can i just make something up and say something like things but yeah, but that's it's just not a good way to do it. Um. I don't know much about ciscoin off the top of my head, i'm just enough to be dangerous.

I know far more about avalanche, so in terms of the pros and cons uh, i would have to dive into that one. But with that being said, if there's enough demand for me to kind of do a deeper dive into that and make a video specific to it, uh more than happy to. I guess with that, the most reasonable question is honestly. Let me know in a comment: um right now: what is your favorite crypto? What do you want me to dive into uh? What's the next crypto of interest for you, because right now i mean i think avalanche represents quite a bit of opportunity, but um.

Maybe i'm missing something: maybe some of you have ideas of cryptos that are way more popular thoughts. On crow coin, i mean it's going to as crypto.com becomes more and more ubiquitous and just well-known uh. I think crow's gon na do well, i mean so these developments, such as buying the naming rights to the staples center, signing various celebrities uh, as it's more and more well known. I don't see how crow does poorly lrc.

Okay, we could do a full breakdown on lrc, that's one that i've been definitely paying attention. To. Definitely i mean, especially with his potential connection to gamestop um loop ring defy platforms uh. We could definitely do an lrc breakdown flowkey.

So i think floki's, like the recent one, that's been running like a a mad person as it relates to elon how's your wonderland time, dow going all right. I could give you a quick update on that. I started this one on the eighth, so it's been about one full week and wonderland. Let me give you the quick update if this load nope that's the wrong website.

Let me give you a quick update, wow very, very slow, very, very slow. All right, i'm just waiting for it to load um. Is it ever gon na load? Okay? So, as of now the that one, what percentage would this be? I'm trying to give you a percentage so wonderland time was more of a sizable bet. In this whole dow project i have going on and that one was 4 500 and it's currently valued at 3 800, which means that it's lost 700, which means that it's down just under 20.

It's like a what a 17 loss as of now one week into it um, but i haven't withdrawn any i'm still holding it because well with these the major thing, i'm learning is it's um. None of it is like a quick in and out thing it takes time like you want to build up a safe cushion with your just like growth off of apy, so um. I i don't think that one week alone is like a fair breakdown of this project. I have an old coin: wife sell, hold, buy more, not relationship advice, what's going on mike what is going on a lot of people talking about hbar, so maybe that's something we need to dive into and i think jacob's very excited about multivac ripple.

Wait how many of you in here are particularly bullish on ripple xrp, we see. Oh xander is so pulse shane kind of getting rocking with hex it's. I don't jen's, i'm not sure if you're a hexagon or not, but the pulse chain, definitely getting some news going right now shout out kinky kong, matic fan of matic for sure xlm also have stellar as a hedge polygon, matic, okay, matic, please. So we have some demand for to do like a similar manic breakdown.

We could do that. Um matic is another one where the technology and the math behind it is actually very, very impressive um, but i know with that some that's not necessarily what people particularly uh like care about. I know i'm well aware that not everyone's like that into the math behind it, it's more of understanding where the technology fits really in culture and if there's opportunity there all right, that's awesome! Well, folks, that's it! I hope you were able to learn a thing or two about avalanche. I hope you're.

I guess what somewhat intrigued by the nft development with the former first lady of the us, and also it's just obvious - that nfts are now they're here to stay they're, a part of our life. Thank you for your time. I truly appreciate your support. That is it for episode, four of crypto course.

I hope you take this opportunity to maybe do a little bit more of a deep dive into avalanche, because it's definitely worth a little bit of your research time. Thank you so much. I appreciate your support and i will catch you at the next show in about 30 minutes to do power hour for the equities market. Thank you.

Thank you. Thank you. Catch you soon.