AVAXUSD
Avalanche
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About AVAXUSD
Layer 1 (Smart Contracts / DeFi)
Jul 15, 2020
AVAX is the native cryptocurrency of the Avalanche blockchain platform, developed by Ava Labs and launched in 2020. As a Layer 1 blockchain, it aims to address scalability and efficiency challenges through its unique Avalanche consensus protocol, enabling high throughput (up to 4,500 TPS) and low transaction fees. It supports smart contracts via its C-chain, while its multi-chain architecture includes the P-chain (for subnet creation) and X-chain (for asset transactions). Designed for decentralized applications (dApps) and DeFi, AVAX functions as a utility token for network fees, staking, and governance, positioning itself as a competitor to Ethereum with enhanced speed and flexibility.
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