Avalanche AVAX

By Aleksandra Wilson
3 min read September 23, 2021

What Exactly Is Avalanche AVAX?

Avalanche (AVAX) is the quickest platform for smart contracts in the industry of blockchain. It also has the most significant number of validators to secure any PoS protocol. Some of the main features of Avalanche are speed, meager costs, and it is also green. The platform enables any app of smart contracts to overtop its opponents. On September 21, 2020, it launched its own network with its own protocol and technology. The platform’s growth can be noticed in the more than 200 individual projects it has secured over 1000 individual validators that produce blocks.  The community has 600,000 members all over the world. Whoever feels skeptical about Avalanche’s success just needs to give the app a try to understand what all the fuss is about.

Does It Have a Token?

Naturally, such a platform would have a token to monetize with; AVAX is the given name to Avalanche’s native token. AVAX is a scarce good that is hard-capped, commonly used to pay for fees. Mainly, it’s used to secure the platform and supply a basic unit for accounting among the variety of subnets on Avalanche. All of that while connecting the platform through the stake method. 

Where Can You Find Avalanche AVAX?

It is possible to find Avalanche AVAX across the leading exchanges and expanded trading pairs. 

The Avalanche Network is Growing Fast

Only four months after the mainnet launch of the platform and it’s already expanding faster than expected. The platform has been growing by leaps and bounds, private securities, Synthetics, DeFi, Stablecoins, Prediction Markets, etc. You name it, they have it, or they’re already working on it to make it happen. All of this is possible due to its high processing capacity, low fees of gas, which offers decentralization like no other. That by making it possible to scale the number of validators to millions with its protocol.

It is a platform of platforms consisting of thousands of subnets that create an interoperable network of numerous blockchains. Avalanche takes advantage of the revolutionary protocols to provide security, among other things, that offers decentralization while complying with regulatory requirements. Avalanche enables you to create your own app, tailor-made with specific blockchains that support several virtual machines and multiple languages. Those virtual machines can later be deployed in a particular blockchain network that is called a subnet. A subnet is a set of validators that work together to obtain an agreement on the state of a group of several blockchains.

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