AVAX or Avalanche is a smart-contract-capable blockchain platform that is meant to directly increase your transaction speed, reduce your costs, all while also helping the environment at the same time. It was originally released back in 2020 by Ava Labs and it soon rose to the very top of the marketplace, with only a handful of other virtual platforms able to actually compete with it.
Release
2020
Ticker
AVAX
Creator
Sirer
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As a fixed-supply coin, AVAX is the platform’s main unit of account, meaning that through it you will be able to pay transaction fees and stake the consensus process that Avalanche’s based on. Although it is currently considered to be one of the best alternatives on the market, Avalanche are aiming even higher than that by claiming that they will attempt to conduct faster transactions that are also cheaper than the ones on Ethereum.
The main problem that most people have with the crypto market is the fact that there isn’t a lot of security or decentralization which is where AVAX comes in. As a blockchain platform it really just aims to make everyone’s life easier by lowering the prices and increasing the transaction speed while also adding a layer to the security of the buyers.
The current 1 Dollar to Avalanche (X-CHAIN) exchange rate is AVAX. Get Avalanche (X-CHAIN) swiftly and without registration. Choose the payment method that suits you best - credit/debit card, bank transfer, and more. Start your journey with Avalanche (X-CHAIN) today!
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