What Is Avalanche (AVAX)?
Avalanche is a Layer 1 blockchain designed to support decentralized applications (DApps) and customizable blockchain networks. Positioned as a competitor to Ethereum, it aims to surpass Ethereum’s dominance in smart contracts by offering higher throughput—up to 6,500 transactions per second—without sacrificing scalability.
Key Innovations:
Three-Chain Architecture:
- X-Chain: Handles asset creation and trading.
- C-Chain: Executes smart contracts (EVM-compatible).
- P-Chain: Coordinates validators and subnets.
- Consensus Mechanism: Uses a novel Avalanche consensus protocol for fast, low-cost transactions.
👉 Explore Avalanche’s ecosystem
Since its 2020 mainnet launch, Avalanche has expanded its DeFi and DApp ecosystem, attracting Ethereum-based projects like SushiSwap and enabling cross-chain interoperability via bridges.
Who Are the Founders of Avalanche?
What Makes Avalanche Unique?
How Many Avalanche (AVAX) Coins Are in Circulation?
How Is the Avalanche Network Secured?
Where Can You Buy Avalanche (AVAX)?
FAQ
Q: Is Avalanche better than Ethereum?
A: Avalanche offers faster transactions and lower fees, but Ethereum has a larger ecosystem.
Q: Can I use MetaMask with Avalanche?
A: Yes! Connect MetaMask to the Avalanche C-Chain for EVM-compatible DApps.
Q: What’s the staking APY for AVAX?
A: Current APY ranges from 7%–11%, depending on network conditions.
Keywords: Avalanche, AVAX, Layer 1 blockchain, DeFi, smart contracts, Ethereum competitor, staking
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