Avalanche is a high-efficiency smart contract platform leveraging a proof-of-stake protocol and a unique Subnet structure, offering customizable blockchains More
| Fully Diluted Valuation | $13.20B |
|---|---|
| 24H Trading Volume | $1.17B |
| 24H Low / High | $28.60 / $ 29.45 |
| Circulating Supply | 422.28M |
| Total Supply | 458.08M |
| Max Supply | 720.00M |
| Categories | DragonFly Capital Portfolio 14 more |
|---|---|
| Founder | Emin Gün Sirer |
| Website | avax.network |
| Socials | 4 more |
| Explorer | Milkomeda 9 more |
| Name | Pair | OG Score |
|---|
Avalanche is a smart contract blockchain platform with high transaction efficiency that enables the launch of decentralized applications (dApps) and custom blockchain networks. Supported by validators ensuring network security through delegated proof-of-stake consensus protocol, the platform expanded significantly post its Mainnet launch in 2020, accommodating thousands of projects and highlighting its DeFi applications.
Avalanche allows the creation of customizable blockchains, termed Subnets, leveraging a subset of the existing primary validator set to secure the network. These Subnets operate independently, each with its own tokenomics, rules, and validators, distinct from the Avalanche Primary Network formed by the P-, X-, and C-Chains. Its unique architecture incorporates three distinct blockchains – X-Chain, C-Chain, and P-Chain – utilizing different consensus mechanisms, diverging from Bitcoin and Ethereum's approach of all nodes validating all transactions.
Distinguishing itself from Ethereum, Avalanche aims for high transaction throughput while continually enhancing its features through integration with DeFi and Ethereum-based projects. The AVAX token within the Avalanche ecosystem is utilized for paying network fees and staking, offering a unique structure to resolve scalability, interoperability, and usability challenges.
Avalanche stands out for its customizable Subnets, distinct consensus mechanisms across its X-Chain, C-Chain, and P-Chain, facilitating high throughput, scalability, and independence among its interconnected blockchains.
Avalanche was founded by Emin Gün Sirer, Kevin Sekniqi, and Maofan "Ted" Yin.
Polychain Capital, DragonFly Capital, Galaxy, Andreessen Horowitz (a16z), HashKey Capital, Balaji Srinivasan, NGC Ventures, CMS Holdings, DeFiance Capital, Republic, Continue Capital, Fifth Era, Initialized Capital, Collab+Currency, Moonwhale Ventures, Naval Ravikant, Muhabbit Capital, Bitmain, Gains Associates, Metastable Capital, Lvna Capital, Ramtin Naimi, Three Arrows Capital.
Avalanche uses a proof-of-stake consensus protocol with a network of validators to secure its platform and validate transactions across its distinct blockchains.
You can buy Avalanche (AVAX) on Binance, BybitGate.ioBitgetMEXC cryptocurrency exchanges.
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