Avalanche is a Blockchain Network, a cryptocurrency, and a blockchain platform that is designed for Web3 developers. AVAX is this blockchain technology's native currency.
Company details:
- Founders: Emin Gun Sirer
- Founded Date: May 2018.
- Headquarters: Ithaca, New York, United States
- Native Token: AVAX
Key Features:
- It delivers high throughput, processing thousands of transactions per second.
- The platform’s scalability supports multiple custom blockchains and subnets.
- Enables smooth cross-chain asset transfers and communication, fostering a connected decentralized ecosystem.
- Offers exceptionally low fees that make cost-efficient transactions accessible for both developers and end users.
- Avalanche’s energy-efficient proof-of-stake protocol ensures eco-friendly performance.