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Avalanche (AVAX)

By: WEEX|2024/10/11 10:39:39

Avalanche is a decentralized platform designed to support custom blockchain networks and decentralized applications (dApps) with high scalability and fast transaction speeds. Its native token, AVAX, is used to pay transaction fees, secure the network through staking, and provide a unit of account among subnets on the Avalanche network. One of Avalanche’s key features is its consensus mechanism, which allows for faster finality of transactions compared to Ethereum. It’s particularly popular for DeFi and NFT projects.