Avalanche is a high-throughput, open-source platform designed for launching decentralized applications (dApps) and enterprise blockchain deployments. Its unique consensus mechanism, which differs from traditional Proof-of-Work or Proof-of-Stake, allows for fast transaction finality and scalability. AVAX, the native token, is used for securing the network through staking, paying transaction fees, and serving as the base unit of account within the Avalanche ecosystem, driving its growing adoption in DeFi and other blockchain applications.
What is Avalanche (AVAX)?
Discover the key facts about Avalanche (AVAX).
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