What is Avalanche (AVAX)?

Avalanche is a platform for building powerful decentralized finance (DeFi) applications, financial assets, and custom blockchain implementations.
What is Avalanche (AVAX)?

Avalanche is an advanced blockchain platform that promises extreme scaling capabilities and fast confirmation times.

It aims to be the fastest, most feature-complete blockchain there is, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.
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Highly Scalable

It is designed to address some of the limitations of older blockchain platforms, including slow transaction speeds, centralization, and scalability—and uses several innovations to do so.

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While many proof of stake (PoS) blockchains only allow a select number of validators to participate in achieving consensus, Avalanche allows anybody staking at least 2,000 AVAX to participate.

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Avalanche allows individuals and firms to easily deploy their own purpose-built blockchains, whether these be for private use-cases (permissioned blockchains) or public ones (permission-less).

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AVAX Token

The AVAX token is used as the in-house payment method for Avalanche, and is mainly used during transactions. Users can also earn passive income by staking their coins on the network.