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Avalanche AVAX |
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£17.56 |
-0.52% (24h) |
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Marketcap |
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£7,306,930,868 |
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Volume 24h |
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£288,277,819 |
Description
Avalanche (AVAX) is a high-performance, scalable blockchain platform designed for decentralized applications (dApps) and custom blockchain networks.
Launched in 2020, Avalanche uses a novel consensus mechanism called Avalanche Consensus, which allows for high throughput, low latency, and near-instant finality.
AVAX, the platform's native token, is used for transaction fees, staking, and governance.
Avalanche aims to create a highly interoperable ecosystem where multiple blockchains can exist and communicate, making it a popular choice for developers and enterprises.