Price (USD)$ 27.6423
Circulating SupplyAVAX 284.48765M
Volume (24h)$ 356.85461M
Market Cap$ 7.86391B
Low/High 24h$ 27.6366 - $ 30.5425
Change (24h)-$ 0.283882
Avalanche is a project created to run DeFi apps and deploy blockchain networks in a scalable infrastructure. This ecosystem supports the same development tools as Ethereum. Transactions on the network are confirmed instantly. The utility to this project is added with a native AVAX crypto token.
Today Avalanche crypto price is 27.6423 USD.
Avalanche is a smart contract project that validates operations almost immediately and supports all Ethereum tools. Furthermore, it differs from other projects with the following advantages:
AVAX is a native token of the Avalanche project. The maximum issue is limited, and it will be 720 million, half of which remain in mainnet. This cryptocurrency provides access to a wide range of services and security guarantees. Besides, AVAX opens up management options to owners.
Users can get an Avalanche coin by staking. The reward a validator receives for validation is proportional to that validator's total stack. The longer coins are blocked, the better the reward. Validators help the platform operate properly because they are responsible for verifying that it works and that payments are legitimate.
A unique consensus protocol relies on a process known as "repeated random sampling". It includes 4 components, such as Slush, Snowflake, Snowball, and Avalanche. Validator nodes randomly request other nodes until the network reaches a consensus. Then the system decides whether to accept or reject the incoming transaction.
The primary network comprises 3 blockchains:
P-Chain and C-Chain are protected by Snowman's optimized consensus. This ensures the high throughput of secure smart contracts. X-Chain is protected by the Avalanche consensus optimized for the directed acyclic graph. This protocol can achieve transaction completion almost instantly.
Dividing the architecture into 3 separate blockchains optimizes flexibility, speed, and safety. This makes this ecosystem a powerful platform for all users. Developers have more freedom regarding the types of apps they can create.
Avalanche offers a native wallet for Avalanche cryptocurrency holders. It's a non-custodial tool that is secured for extra digital asset protection.
For creating a new wallet, a user has to generate a seed phrase. After that, holders can access their assets via any device.
Advancing with new features, Avalanche coin price increases, and according to a positive AVAX price prediction, it's going to reach new heights. As WalletInvestor experts say, the AVAX crypto price will get over $150 by the end of December 2022. Even though an Avalanche coin price prediction by PricePrediction isn't so positive, it believes an Avalanche token will reach such heights in 2023.
To sum up, Avalanche offers a unique architecture that can compete with Ethereum. It attracts investors with a modernized consensus protocol and tools for running DeFi apps. Besides benefits, it has a limited issue decreasing inflation risks and a secure native wallet, letting holders protect their tokens.
Since this cryptocurrency is strengthening in the market, more investors start thinking "Where can I buy AVAX coin?" StealthEX is the safest exchange for purchasing tokens with no hidden fees and need to provide many details for transactions. Just pick from over 400 cryptocurrencies and buy Avalanche in minutes.
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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.