Avalanche (AVAX) Cryptocurrency: A Comprehensive Guide
What is Avalanche?
Avalanche is a smart contract platform that offers scalability and fast transaction finalization times. It is a rival to Ethereum, the leading blockchain platform for smart contracts. Avalanche's native token is AVAX.
Key Features of Avalanche
- Smart contract functionality
- Scalability
- Fast transaction finalization times
- Decentralized and open-source
- Proof-of-stake consensus mechanism
AVAX Token
AVAX is the native cryptocurrency of the Avalanche blockchain. It is used to pay for transaction fees and to stake on the network. The circulating supply of AVAX is 380 million, and its market cap is currently around $26 billion.