All About Avalanche (AVAX)

Avalanche is a smart contract platform designed by Ava Labs used for creating custom blockchain networks and decentralized applications (dApps).

Avalanche is a smart contract platform designed by Ava Labs used for creating custom blockchain networks and decentralized applications (dApps).

The programmable smart contract platform Avalanche allows developers the ability to build and deploy decentralized applications and deploy custom private or public blockchains as “subnets.” Avalanche is compatible with Solidity, Ethereum’s programming language, but differs in that it claims to achieve greater scalability than Ethereum via a high transaction throughput of 4,500 transactions per second (TPS).

  • Avalanche’s native AVAX token has a capped supply of 720 million and is used for paying transaction fees and for staking in Avalanche’s consensus process.
  • Snowball, Avalanche’s Proof-of-Stake (PoS) consensus algorithm designed by Ava Labs, allows users to stake AVAX to become transaction validators and/or delegate AVAX to a validator to participate in consensus.

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