What is AVAX?

_{What is Avalanche (AVAX)?}

Avalanche is a one-layer blockchain platform designed for applications.
Decentralized and custom blockchain networks competing against Ethereum
Especially in the field of smart contracts, aiming for superior transaction speeds of up to 6,500 transactions per second.
Without compromising scalability. Unlike Ethereum and Bitcoin, they use a single blockchain for all transactions.
Avalanche uses a unique three-chain architecture: X-Chain, C-Chain, and P-Chain.
Each of which serves a specific function and uses different corresponding mechanisms.
Launched in 2020, Avalanche has cultivated its own ecosystem of decentralized applications (dApps).
and decentralized finance (DeFi) has also been successfully integrated into the project.
Ethereum-based, such as SushiSwap and TrueUSD, and are constantly improving interoperability features, such as bridge development.

_{Blockchain nativo:}

AVAX, or Avalanche, runs on blockchain, is designed for high stability, scaling well.
And customized for a wide range of applications. Avalanche chains are designed to be able to
Works with a variety of other blockchains. Featured in multi-chain transactions
and supports multiple virtual machine devices

_{Protokola Konsensus:}

AVAX's consensus system is called Avalanche Consensus Protocol, which is at the core of the Proof-of-Stake system.
That adds some of the characteristics of PoW to it, making it a reliable capability.
Both in terms of speed, decentralization and security

_{Trilemma (Security, Speed, Scalability):}

Seguridad: Avalanche Consensus Protocol provides security to the system and users at a standard level.
It can cope with attacks from ill-wishers, even when the entire system is not fully operational or there are mismatched data.

snelheid: In terms of speed, AVAX states that its chains can complete transactions within seconds or less.

Scalabilità: One of the hallmarks of Avalanche is its scalability that can accommodate transaction volumes.
Up to 4,500 items per second

_{Founder/Date Founded:}

Avalanche was founded by Emin Gün Sirer, who is one of the celebrities in the cryptocurrency and blockchain industry.
The platform itself was developed by a team called Ava Labs and officially launched in November 2020.

_{Objective/Use Case:}

Avalanche aims to be a platform for fundamental financial institutions
By mediating between traditional financial institutions and DeFi
It is designed to be a hub for decentralized finance projects and specialized blockchain projects.
In which the developers claim that their system will be able to be customized in a variety of ways according to the user's objectives.
Also can work seamlessly with other chains.

_{Total supply/Limit or Unlimited:}

Avalanche has a total number of tokens limited to 720 million AVAX, where these tokens will be used for staking.
It is used as a nominal fee and is used in the general workflow of the system.

_{Supply Deflation:}

Avalanche has a token value control system with a fixed set of AVAX that is used in various types of transactions.
Let them be burned. This will cause the total number of coins to decrease steadily according to the usage of the blockchain.

This article aims to provide beginners with a basic understanding of Avalanche (AVAX) and the distinctive characteristics of digital assets.
Due to the rapidly changing and evolving nature of digital assets.
It is therefore extremely important to keep abreast of the latest news and developments.

_Source:‍

Avalanche whitepaper
avalabs.org
avax.network/get-started
coinmarketcap

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