🌿 What is the Avalanche (AVAX) cryptocurrency?
Avalanche is a blockchain platform aimed at building a fast and scalable network to host decentralized applications (dApps) and smart contracts.
✅ Features of Avalanche:
1. High transaction speed:
The network can execute thousands of transactions per second, making it one of the fastest networks.
2. Low transaction costs:
Fees are significantly lower compared to networks like Ethereum.
3. New consensus system:
Avalanche relies on an innovative consensus protocol that combines security and speed.
4. Strong support for DeFi and NFT applications:
It has a comprehensive ecosystem to support various projects.
🛠️ How to use AVAX?
AVAX can be purchased through platforms like Binance or Coinbase.
It is used to run applications and pay transaction fees on the network.
It can be stored in wallets that support Avalanche.
🕒 What about the supply?
The total supply is around 720 million AVAX, with a burning and reduction system over time.
📌 Summary:
Avalanche is a good option for those looking for a fast network with low costs, but it competes strongly with major networks like Ethereum and Solana.$
