What is Avalanche blockchain?

The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees, secure the Avalanche network, and act as a basic unit of account among blockchains in the Avalanche network. Avalanche is a blockchain platform with the native currency AVAX.

What is Avalanche token?

AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees. How Does Avalanche Work?

What is the 'flexible' Ethereum competitor Avalanche?

The 'Flexible' Ethereum Competitor Avalanche is a platform for building powerful decentralized applications and custom blockchain implementations. Here's how it works. Avalanche is an advanced blockchain platform that promises extreme scaling capabilities and fast confirmation times.

What is the Avalanche network?

The Avalanche Network is based on two different consensus engines — Avalanche and Snowman. The Avalanche itself is based on a DAG-optimized consensus protocol. Directed Acyclic Graph (DAG) is already considered by many experts as an alternative to blockchain technology. Moreover, it is already used by other cryptocurrencies such as IOTA.