What is Avalanche (AVAX)? | AVAX Coin Explained in Under 60 Seconds

Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, blockchains, financial assets, trading & other services. AVAX is the native token of the Avalanche platform which secures the network. AVAX crypto functions as a rewards & payment system.

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As a global assets exchange, Avalanche allows anyone to launch or trade any form of asset. Assets are controlled in a decentralized manner using smart contracts & other new technologies.

Developers can deploy blockchains that fit specific application needs. Build a virtual machine & define exactly how the blockchain should function.

Designed for speed, scalability, and flexibility in implementations. Avalanche has achieved 6,500 transactions per second (3x the transaction flow of VISA.)

Proof of Stake - AVAX coin holders can also earn passive income by staking their coins on the Avalanche network. A computer & internet connection is all that is needed to participate.

Avalanche-X is an accelerator which provides grants to developers building decentralized applications (dAPPS) on Avalanche.

WEBSITE: https://www.avalabs.org/