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5805 – temuland cryptoAvalanche
AVAX

Avalanche

$ 18.36

$ 5,181,016,685 $ 478,949,429 282,224,623 AVAX 720,000,000 AVAX

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What is Avalanche?

Avalanche is a layer one blockchain A blockchain is a digital ledger of transactions that works from a decentralized network. A blockchain is a digital ledger of transactions that works from a decentralized network.Learn more that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications. Ethereum is the community-run technology powering the cryptocurrency, ether (ETH) and thousands of decentralized applications.Learn more rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts temuland crypto glossary smart contract Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met.Learn more. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin Bitcoin is a decentralized digital currency that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Bitcoin is a decentralized digital currency that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Learn more and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

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