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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Looking for more resources?
How to Calculate and Give Zakat with Crypto Donations To give Zakat using cryptocurrency, The Giving Block is your one-stop destination to find and support charitable organizations. Read more
What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
Why should nonprofits accept cryptocurrency donations? Less than 1% of nonprofits accept cryptocurrency donations. Fifteen years ago nonprofits were skeptical about credit card donations. Read more
