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What is Avalanche (AVAX)?

What is Avalanche (AVAX)?



What is Avalanche (AVAX)?

Avalanche is a layer-one blockchain that is also a platform for decentralized applications (dApps) and custom-built blockchain networks. Identified as an Ethereum competitor, Avalanche aims to be the best smart contract platform in the industry with a higher transaction output of 6,500 transactions per second. Avalanche also claims this increase in speed will not compromise scalability either.

Avalanche built an innovative architecture to support this claim. Avalanche Network consists of not one, but three unique blockchains: the C-Chain, P-Chain, and X-Chain. Each chain has a specific purpose and uses different consensus mechanisms depending on its use case. 

AVAX is the network's native token and can be used by holders as a passive income generator. AVAX can be staked in a way that creates interest in the network. 

What is the AVAX price?

YouHodler aggregates prices from top centralized exchanges to provide an accurate AVAX price and charts. 

Where to buy AVAX?

The easiest way to buy AVAX is to purchase it through a crypto app like YouHodler. Our universal cryptocurrency exchange service lets you convert any crypto, fiat, or stablecoin with competitive fees. 

How to earn interest on AVAX?

The best way to earn interest on AVAX is by depositing it in a YouHodler savings account. Interest payments occur weekly and YouHodler features compounding interest. 

How to trade AVAX?

Leverage market volatility to stack your crypto portfolio and trade AVAX with Multi HODL. Multi HODL is a user-friendly tool to take advantage of market swings in either direction. Become an “active HODLer” today.

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