What is Avalanche?

Symbol: AVAX · Market cap rank: #32

Short answer

Avalanche (AVAX) is a cryptocurrency currently ranked #32 by market capitalisation. It is classified as Layer 1 (L1) Smart Contract Platform.

Source: isthiscoinascam.com

Overview

Avalanche is a smart contract blockchain platform that emphasizes high throughput. It utilizes a proof-of-stake consensus protocol for network security.

The platform is designed to facilitate fast and low-cost transactions. Specific details regarding the founding year, founder names, supply cap, and governance model are not provided.

Headquarters: New York, USA

Scam-risk analysis

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