Avalanche

Avalanche

 

The Avalanche blockchain enables near-instant transaction execution. AVAX is used to pay transaction fees, secure the Avalanche network, and serve as a basic unit of account among Avalanche blockchains.

About Avalanche

The Avalanche protocol, which is known for its speed and scalability, is also a major competitor to the Ethereum network. Avalanche's smart contracts platform enables both decentralized applications and autonomous blockchains, and the company promises a faster transaction processing time of 4,500 transactions per second versus Ethereum's limit of around 15.

  • AVAX's maximum supply is restricted at 720 million tokens, however AVAX users choose how quickly new currencies are created.
  • The consensus mechanism is a one-of-a-kind method that requires a large number of tiny, random subsets of network members to justify transactions before they are considered completed.
  • High uptime and fast response times can also increase the number of AVAX rewards.

Relevant information

Here is a great resource for learning more about the Avalanche blockchain APIs.

Avalanche
 APIs
Avalanche