|Market Cap||Volume||Available Supply|
|$4.98 B||$130.85 M||344.17 M AVAX|
|ATH||ATH(% Change)||ATH Date|
Avalanche AVAX price today is $14.480 with a marketcap of $4.98 B. Its price is 1.63% up in last 24 hours.
What is Avalanche (AVAX)?
Avalanche is a decentralised, open-source platform for launching and managing tokenised networks. It is the first blockchain platform to support a wide range of use cases, including asset transfers and payments, decentralised exchanges, staking, and more. The AVAX network is composed of multiple virtual machines (VMs) that are connected by a distributed ledger and a consensus algorithm. This allows for secure and efficient transaction processing, as well as improved scalability compared to other blockchains. What's more, this platform is built on an open-source codebase that can be further developed by the community.
it is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.Mainnet was launched in September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe. Decentralized finance (DeFi) applications can be found on Avalanche such as Pangolin, TraderJoe, and more.
How does it work?
Avalanche works by creating a decentralised and trustless consensus protocol to securely validate transactions on distributed networks. This system is based on a 'proof-of-stake' model, which requires validators to lock up a stake of their funds in order to validate transactions. This incentivises them to be honest and not maliciously attempt to manipulate the network. It also helps to secure the network against double-spending and other malicious activities by creating a distributed ledger that can be used to verify transactions.
How to get Avalanche?
It is a digital asset that is used to transfer value between participants on the Avalanche network. It was designed as an open-source platform for financial applications, allowing users to securely and quickly exchange assets, create decentralised financial contracts, and much more. To get started with AVAX coin, you will need to first set up a wallet. A wallet is an application that stores your coins and allows you to send or receive AVAX coins. You can find a variety of wallets on the official website, but be sure to do your research before selecting one that suits your needs. Once you have selected a wallet, you will need to purchase some AVAX coins in order to begin using it. The easiest way to do this is to purchase an AVAX coin from an exchange. There are several exchanges that offer the coin, so make sure to compare prices and fees before making your decision. After you've purchased the AVAX coin, you will be ready to begin using it on the Avalanche network!
Avalanche price live update.
It is a blockchain platform that enables distributed applications, decentralised finance protocols, and enterprise-grade solutions to be built on its autonomous AVAX network. Its price is a key indicator of the health of the AVAX network, and the Avalanche Live Update feature allows users to stay up-to-date with the latest AVAX prices in real time. You can check AVAX Live Update anytime on Avalanche’s official website and use it to make informed decisions when trading AVAX or other digital assets. With Avalanche Live Update, you get immediate notification whenever the AVAX price fluctuates so that you never miss out on potential profits.
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