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Avalanche Coin (AVAX)

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Coin Details

What Is Avalanche Coin (AVAX) ?

Overview

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

  • Avalanche Price Prediction 2024

    According to the technical analysis of Avalanche Coin (AVAX) prices expected in 2024 Minimum $155 Maximum $200

  • Avalanche Price Prediction 2025

    After the analysis of the prices of Avalanche Coin (AVAX) in previous years, it is assumed that in 2025, the minimum price of Avalanche will be around $320 The maximum expected Avalanche price may be around $400

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