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Avalanche

Avalanche (AVAX) (BEP20) Available now on BodaSwap

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Last updated 3 years ago

What Is Avalanche (AVAX)?

is a that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat as the most popular blockchain for . It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of and . Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of .

Website -

CoinMarketCap -

CoinGecko -

Avalanche
layer one blockchain
Ethereum
smart contracts
DApps
DeFi
bridges
https://www.avax.network/
https://coinmarketcap.com/currencies/avalanche/
https://www.coingecko.com/en/coins/avalanche