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What is Avalanche

AVALANCHE

¿What is Avalanche?

Avalanche is a scalable open source blockchain project, started in 2018 by Emin Gün Sirer.

The concept grew and developed at Cornell University.

It has a unique validation security, in its current state avalanche is the blockchain that couples to more than one blockchain with its special consensus.

Avalanche also has its cryptocurrency called AVAX.

¿What does it offer?

Avalanche offers to accommodate with unique qualities on the network, such as consensus gears, transaction speed, and confirmation.

confirmation time is less than a second per transaction.

It also offers to be more committed to decentralization and the sufficiency of developing interoperable blockchains indefinitely.

¿How does it work?

It is made up of 3 interoperable blockchains.

X-Chain: exchange chain, establish and exchange assets.

Most of the operation happens in the EVM-compatible C chain.

It benefits from a one- to two-second finality, which helps it achieve rapid growth, in the uncontrolled finance (DeFi) space.

The SNOWMAN consensus protocol is based on the Avalanche consensus protocol, but supports transfers in a linear fashion.

This feature is beneficial when talking about smart contracts.

likewise, one of the benefits that avalanche has over Ethereum is that the execution of a smart contract in avalanche costs only a tenth of what it is worth on the Ethereum platform.

¿How is it regulated?

Being a decentralized network, there is no financial institution that regulates it.

¿Why do people use Avalanche?

People use avalanche because it achieves high throughput of 4,500 transactions per second while keeping optimal decentralization.

In turn, the network has the highest proportion of users looking after it of any proof-of-stake protocol.

¿How is Avalanche different from other blockchains?

Unlike other blockchains, avalanche processes faster transactions, and its fees are more flexible than other platforms such as Ethereum.

With Ethereum the commissions are higher and their confirmations slower.

Finally, avalanche is related to the Ethereum virtual machine network, this means that if you have a project on Ethereum, you can easily anchor it to Avalanche.

¿Where can I buy it?

One of the ways where you can buy AVAX is through Binance as it has a lot of tradable variety in the trade, you can exchange a cryptocurrency, fiat cryptocurrencies or just use a debit or credit card to buy the stablecoin, deposits are also allowed banking.

https://www.binance.com/

For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/

¿Did you know that you can buy and sell USDT and BUSD online thanks to Gastcoin Gateway?

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