We present a complete guide to understanding Avalanche and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market.
Last Updated: 6/17/2022
Avalanche (AVAX) Cryptocurrency
The Avalanche platform is an open-source blockchain cryptocurrency network designed to create smart contracts through a highly efficient, low cost process. It is designed to create cross-platform compatibility, allowing for flexibility across other blockchains such as Ethereum and Polygon (MATIC).
Built for scale, the Avalanche network supports over 4,700 Transactions per second with accelerating upgrades each year. The network supports native Avalanche Virtual Machines (VMs) which increase the capacity for scale, compatibility, and compute power.
The platform is built on solidity, a programming language that is used by Ethereum, which allows for cross-chain compatibility and sub-blockchain creation.
Key Points of Avalanche
- Low cost Transaction Fees (1/10th the cost of ETH gas fee)
- Supports Compatibility across other blockchains (Called Bridging)
- Clear Roadmap to expansion of the platform
- Supports Ethereum Virtual Machines (EVM)
See Avalanche Official Website
Avalanche Price Chart
Avalanche (AVAX) Historical Price Chart
Avalanche Timeline
Avalanche Network began Beta testing as early as 2019, they released the Cryptocurrency AVAX in July of 2020 at ICO. The AVAX token grew exponentially in 2021 as it reached one of the top ten cryptocurrencies in the world that year.
AVAX reached its all-time high in November of 2021, trading as high as $134.
Avalanche (AVAX) Recent Updates 2022
Ava Labs, developer of the Avalanche network, is launching a new feature of AVAX and extended Avalanche Network. The new Avalanche Multiverse is a 4 Million AVAX incentive that launches the new Avalanche Subnet functionality.
“Subnets will be the next growth engine in crypto, enabling novel functionality only possible with network-level control and open experimentation on a [new] scale”
Emin Gün Sirer, Director of the Avalanche Foundation (March 2022)
Avalanche Technical Details
Below is a table that compares the Transactions Per Second (TPS), Transaction Finality (Speed), Energy efficiency, number of Validator Nodes (Data Miners), Sybil (Hack) Protection, and Safety Threshold.
Detailed Table of AVAX advantages in comparison with Bitcoin, Ethereum, and Polkadot Blockchains.
Avalanche FAQ
What is Avalanche Crypto?
What is AVAX crypto?
What is Avalanche Cryptocurrency?
What is Avalanche Blockchain?
Why is Avalanche so Popular?
Is Avalanche Crypto A Good Investment?
How To Buy AVAX
Advantages of AVAX Crypto
What is AVAX Cryptocurrency?
AVAX Crypto Explained
AVAX Cryptocurrency Analysis
History of AVAX Crypto
Images Powered by Avalanche Official Website
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