AVAX
AVAX is the native asset of Avalanche. Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
Name
AVAX
Description
Avalanche (AVAX) - Native asset of Avalanche. AVAX is used to pay transaction fees and can be staked to secure the network.
Types
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Blockchain
Project