Avalanche (AVAX) Market
Price today: $ 26.06
Avalanche is an interoperable and scalable open source platform for decentralized application releases for the financial sector (DeFi) and implementation of enterprise blockchains. Read more
What is Avalanche (AVAX)?
Avalanche is an interoperable and scalable open source platform for decentralized application releases for the financial sector (DeFi) and implementation of enterprise blockchains.
A key difference between Avalanche and other decentralized blockchains is their consensus protocol. The Avalanche protocol employs a new consensus approach to achieve its strong guarantees of security, fast completion, and high throughput without compromising decentralization.
Avalanche is the first smart contract platform that confirms transactions in less than a second, making it a very fast network for any financial system, which is the focus.
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How to buy Avalanche
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FAQ: Frequent asked questions about Avalancha (AVAX)
What can be done with Avalanche?
Avalanche allows anything that is performed in smart contracts like the Ethereum network to be done, either by original creation in the Avalanche network or by compatibility with the Ethereum network. So it is possible to create a vast, if not unlimited, depending on the creativity and development capacity of users to create new applications that can be part of the Avalanche ecosystem. This includes decentralized Exchanges, decentralized apps, NFTs, enterprise apps, games, stablecoins and more.
How does Avalanche (AVAX) work?
Avalanche is built on 3 integrated blockchains: Exchange Chain (X-Chain), Platform Chain (P-Chain) and Contract Chain (C-Chain). All 3 blockchains are validated and secured by the primary network. The primary network is a special subnet and all members of all custom subnets must also be members of the primary network by staking at least 2000 AVAX. With this multi-chain structure, each blockchain has specific functions to perform, so you can get maximum flexibility and control over the applications you create.
How to buy Avalanche?
You can buy Avalanche at any exchange that owns the currency. Monnos is a Cryptobank with a large amount of cryptos available for trading, with more than 70 assets listed in our market. The cryptocurrency purchase process was made for those who do not yet have experience in this market and who wish to position themselves in crypto.
Is avalanche (AVAX) safe?
As it is a Proof-of-Stake protocol, where users need to leave their AVAX Tokens to ensure Network security on network validator nodes, a potential attacker would need to have control of 51% of the AVAX Tokens destined for validation and would have to install we validators for this purpose. This would cost the attacker a few billion dollars hypothetically thinking that he would buy all this amount of AVAX tokens for the same value, which we know is not the case, once he starts buying units on the market, the value of Token would go up more and more by the decrease of the offer. So the cost to carry out an attack becomes more and more expensive.