Avalanche[AVAX]
Avalanche is a Layer 1 blockchain that scales infinitely and focused on transaction speed, low costs, and eco-friendliness.
Avalanche is a smart contract platform that was launched in 2020 by Ava Labs. It is designed to enable the creation and deployment of customized blockchains and decentralized applications at scale. Avalanche is built on a consensus mechanism called Avalanche consensus, which is designed to enable fast, secure, and scalable transactions on the network.
One of the key features of Avalanche is its ability to support multiple subnets or blockchains within the main network. This allows for the creation of customized blockchains that can be tailored to specific use cases or applications. Developers can use Avalanche to create their own blockchain with their own set of rules and parameters, without the need to build an entirely new blockchain from scratch.
Avalanche is also designed to support interoperability between different blockchain networks. It uses a protocol called the Avalanche-X network, which enables the seamless transfer of assets and data between different blockchain networks.
In terms of scalability, Avalanche is designed to support high transaction throughput, with the ability to process thousands of transactions per second. This makes it well-suited for applications that require high throughputs and low latency, such as payment systems, gaming applications, and decentralized exchanges.
One of the key features of Avalanche is its ability to support multiple subnets or blockchains within the main network. This allows for the creation of customized blockchains that can be tailored to specific use cases or applications. Developers can use Avalanche to create their own blockchain with their own set of rules and parameters, without the need to build an entirely new blockchain from scratch.
Avalanche is also designed to support interoperability between different blockchain networks. It uses a protocol called the Avalanche-X network, which enables the seamless transfer of assets and data between different blockchain networks.
In terms of scalability, Avalanche is designed to support high transaction throughput, with the ability to process thousands of transactions per second. This makes it well-suited for applications that require high throughputs and low latency, such as payment systems, gaming applications, and decentralized exchanges.
Current price
24h:2.98%Market cap
Trading volume 24h
Fully diluted market cap
All time high price
73.62%All time low price
1,264.97%Token supply
40.46M AVAX (5.62%)
720M AVAX (100%)
$0.85
$38.31
$34.39M
$27.58B
340.7M AVAX (47.32%)
386.45M AVAX (53.67%)