Avalanche (AVAX) is a token powering Avalanche platform, which supports smart contracts and allows blockchain developers to build DeFi apps on top of the network. Avalanche was made by Ava Labs, headed by a team of Bitcoin early adopters and computer scientists.Avalanche is a crypto project standing on the shoulders of giants: it combines important features from both Bitcoin and Ethereum. For example, AVAX token supply has a hard cap, transactions are written on the blockchain as UTXO, and there\u2019s SegWit support \u2014 just like on the Bitcoin network. On the other hand, Avalanche\u2019s main purpose is smart contract execution, which is the area dominated by Ethereum.Avalanche\u2019s advantage compared to both Bitcoin and Ethereum is a unique BFT consensus protocol. It facilitates transaction finalization times of less than a second, with the network throughput of 4,500+ transactions per second. This is an obvious step forward in solving the scalability problem plaguing the crypto giants. It\u2019s also why Avalanche has already attracted many dApp developers who are building their applications on the network.AVAX token is used by validators to secure the network by staking; their rewards are also paid out in AVAX. It also serves as a currency and as a main account unit within the Avalanche ecosystem, utilizing atomic swaps.Avalanche has reaped the benefits of the crypto bull market during the winter and spring of 2021. Launched just in September 2020, by February 2021, AVAX\u2019s price reached $59.94, which is still its all-time high as of August 2021. After hitting this peak, the token has been trading between ~$22 and ~$38 until mid-May, when the price went down with the whole crypto market.Avalanche\u2019s price has stayed below $15 for most of the summer, but in August 2021, AVAX\u2019s price exploded again, going up to ~$45-$55. This was probably caused by\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Avalanche (AVAX) is a token powering Avalanche platform, which supports smart contracts and allows blockchain developers to build DeFi apps on top of the network. Avalanche [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/5291"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=5291"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/5291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=5291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=5291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=5291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}