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What is Avalanche Network (AVAX) and how does it work? By Cointelegraph

Feb 13, 2022



Launched in 2020 by Ava Labs, is a blockchain platform that’s sensible contract-capable. Avalanche goals to ship a scalable blockchain resolution whereas sustaining decentralization and safety, specializing in decrease prices, quick transaction speeds, and eco-friendliness.

Avalanche rapidly grew to become widespread within the cryptocurrency house, with Avalanche TVL at the moment value $8.41 billion and nonetheless rising throughout Avalanche decentralized purposes (DApps). Avalanche is powered by its native token Avalanche (AVAX) and a number of consensus mechanisms.

What’s Avalanche crypto used for?

Who’s behind Avalanche (AVAX)?

Congestion

Low charges

Interoperability

Scalability

Usability

Uphold

Binance

BitPanda

Gate.io

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