The live price of Avalanche is - per (AVAX / USD) with a current market cap of $9.61B USD. 24-hour trading volume is - USD. AVAX to USD price is updated in real-time. Avalanche is -% in the last 24 hours with a circulating supply of 420.57M.
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The Avalanche (AVAX) blockchain network provides powerful smart contract capabilities and is designed to facilitate widespread adoption of decentralized applications (DApps), NFTs, and other complex blockchain platforms.
The Avalanche blockchain allows users to create countless interoperable blockchains and uses three blockchains to ensure that the network can scale to meet the transaction speed and throughput requirements of mainstream adoption.
Avalanche also uses the Ethereum Virtual Machine (EVM), which makes it easier and faster for developers to port and deploy Ethereum-based smart contracts and applications to the Avalanche network. With a popular user experience, new users can easily and quickly board the Avalanche blockchain.
AVAX is the native token of Avalanche and is required to pay the necessary gas fees when completing transactions on the Avalanche network. In addition, AVAX token holders can vote on protocol governance issues and have a say in the future development of the blockchain.
Avalanche was co-founded by Cornell University professor and IC3 co-founder Emin Gün Sirer, computer scholar Kevin Sekniqi, and Ted Yin, the first author of Facebook Libra protocol HotStuff consensus. The AVA blockchain platform, led by Avalanche, is a digital payment and computing platform built on a revolutionary consensus algorithm-Avalanche. This consensus enables distributed ledgers to achieve high decentralization, high concurrent processing, and fast confirmation of transactions, while achieving historical record deletion and on-chain governance. The core of the AVA blockchain platform is a set of unified and interoperable infrastructure that enables anyone to build a blockchain network or issue assets on the blockchain according to their needs in the AVA ecosystem.
Avalanche has a maximum token supply of 720 million, and there are currently about 295 million AVAX tokens in circulation.
On November 21, 2021, AVAX hit a record high of $146. This represents a period when a new and innovative DeFi platform has chosen the Avalanche blockchain to host their applications. In addition to this, Avalanche has performed well in the bull market of 2021.
In a series of private (ICO) and public sales, the Avalanche blockchain minted a total of 360 million AVAX tokens and sold them to early investors, raising $55 million. They were distributed as follows: 19.3% for Avalanche founders and projects, 16% for investors, and 64.7% for pre-mine rewards and community airdrops. AVAX tokens will be continuously distributed to holders through staking rewards over the next few decades. In addition, Avalanche's supply schedule outlines consistent token unlocking over several years.
The Avalanche blockchain has a unique framework that distinguishes it from competing chains. It consists of several blockchains, each with different purposes and responsibilities.
1) Avalanche Exchange Chain
Avalanche’s X-Chain is built using a directed acyclic graph and is specifically designed for sending and receiving currencies. By isolating these transactions, the Avalanche network reduces congestion and enables faster, lower-cost payments.
2) Avalanche Platform Chain
Avalanche’s P-Chain is used for staking and verification. On the P-Chain, Avalanche users can become validators to receive staking rewards.
3) Avalanche Contract Chain
Avalanche’s C-Chain is a fully smart contract-compatible execution layer that can support DApps. The C-Chain is home to all Avalanche DeFi protocols and NFT functions.
The Avalanche blockchain network was created by Ava Labs. Emin Gün Sirer, a renowned computer scientist, leads Ava Labs. Gün Sirer is an associate professor at Cornell University and is known for his contributions to peer-to-peer systems and computer networks. He is also a pioneer in Bitcoin scaling solutions. Kevin Sekniqi and Maofan Yin, who both hold PhDs in computer science, are other senior members of the Ava Labs team.
AVAX is the native token of the Avalanche blockchain network. The Avalanche network is a new blockchain layer 1 network that supports the creation of decentralized applications and smart contracts.
Ava Labs, the organization behind Avalanche, was founded by Emin Gün Sirer in 2018.
AVAX, the native token of Avalanche, can be used in the ecosystem to pay transaction fees, as a means of value transfer between users, or staked to the network as part of the consensus model. AVAX can also be used to create custom private chains. AVAX prices are updated in real time on Binance.
The maximum supply of AVAX tokens is 720 million. As of now, there are approximately 295 million AVAX tokens in circulation.
Avalanche uses a unique consensus mechanism that combines Proof of Stake (PoS) functionality with other elements, including Proof of Uptime (PoU, which measures rewards allocated to nodes based on how long they are online, and Proof of Correctness, which measures rewards to validators based on accuracy).
How does cryptocurrency work? Cryptocurrency works with the help of blockchains, miners or validators, and users. When one user transfers money to another, cryptocurrency miners verify it and then record the transfer on the blockchain. Each transaction is encrypted and validator nodes compete to solve this encryption. Once completed, the recipient will see the funds in their wallet.
Avalanche uses a complex triple-chain design that separates the key functions of a blockchain network into separate chains. This allows Avalanche users to create and deploy their own blockchain networks and customize parameters as needed.
The Avalanche network is compatible with the Ethereum toolkit, allowing blockchain developers to easily port Ethereum DApps to Avalanche and take full advantage of its scalability and control features.
Users can purchase Avalanche directly from Binance using a debit or credit card. Users can also use Avalanche to trade other cryptocurrencies on the Binance exchange. Avalanche prices are updated in real time on Binance.
The Avalanche to other currencies exchange rate?
