Avalanche (AVAX) is a high-speed, scalable blockchain platform designed for building decentralized applications (dApps) and custom blockchain networks. It aims to offer near-instant finality, low transaction fees, and flexibility for developers.
WHAT IS AVALANCHE (AVAX)?
Launched in 2020 by Ava Labs, Avalanche is a decentralized, open-source platform that supports smart contracts and is compatible with Ethereum's Solidity programming language. Its unique architecture allows multiple blockchains to operate in parallel, making it highly scalable and adaptable for various use cases.
KEY FEATURES
High Throughput: Avalanche can process thousands of transactions per second (TPS) with sub-second finality.
Low Fees: Offers cost-effective transactions, making it appealing for DeFi, NFTs, and enterprise applications.
Custom Blockchains: Developers can launch tailor-made blockchains (called subnets) to suit specific needs or regulatory environments.
Interoperability: Avalanche supports the Ethereum Virtual Machine (EVM), enabling developers to port Ethereum-based dApps easily.