Author Topic: What is Avalanche Coin?  (Read 83 times)

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What is Avalanche Coin?
« on: October 17, 2021, 11:11:30 PM »
Avalanche (AVAX) coin is the native token of the Avalanche platform.


Avalanche (AVAX) coin is the native token of the Avalanche platform and is mainly used to secure the network, pay for operational fees, peer-to-peer transfers and create new networks on the Avalanche platform.

You can find topics such as “AVAX coin Binance, buy AVAX coin, how to buy Avax coin, how to buy Avax token, AVAX Coin, AVAX” in this article.


What is AVAX Coin?
The AVAX coin is the token used to secure the Avalanche network and create new networks on the platform.


On Avalanche, an open-source platform, users can build interoperable, scalable applications with decentralized finance applications and enterprise blockchains. The main goal here is to allow developers at Avalanche to easily build powerful, reliable and secure applications and private blockchain networks with complex rule sets, or build applications on top of existing private or public subnets.

On the other hand, according to the statements made, Avalanche states that it is the first smart contracts platform that can confirm transactions in under a second, supports the full Ethereum development toolkit, and allows millions of independent validators to participate as full block producers.



In addition, it is stated that the Avalanche platform is very reliable and even highly resistant to 51% attacks. In Avalanche architecture; consensus machines, virtual machines, chains, and subnets. Everything on Avalanche is designed as a subnet, and every chain runs as part of a subnet. Verifiers, on the other hand, must be a member of the "Primary Network". The “Primary Network” contains the chain: the platform chain, the exchange chain, and the contract chain.

The platform chain, called the P-Chain, is the metadata chain on Avalanche and coordinates validators, keeps track of active subnets and allows new subnets to be created. The X-Chain, on the other hand, is the default asset chain on Avalanche and allows for the creation of new assets, exchange of assets among themselves, and cross-subnet transfers.

Finally, the contract chain is the default smart contract chain in Avalanche and enables the creation of Ethereum compatible smart contracts.

AVAX Coin Review
AVAX coin attracted great attention and positive comments, especially in Turkey. Because there is a Turk at the head of it. prof. Dr. Emin Gün Sirer is the head of the project and this enables Turkish users to approach the project more positively.

However, as soon as AVAX was released, it garnered great attention from all over the world and made its first official listing on a major exchange like Binance before 24 hours. It is seen that the comments about AVAX, which has experienced a huge increase of 10 times with the listing of Binance, are quite positive.

AVAX Coin Price
For those who are wondering about "Buy Avax coin, how to buy Avax coin, how to buy Avax token", it will be useful to mention the current prices first. Trading at $4.20 at the time of publication, AVAX is ranked 92nd among the top 100 cryptocurrencies with a trading volume of 102,935,332 USD, according to CoinMarketCap data. So, despite being a very new coin, AVAX has already made its way into the top 100.

In addition, since its launch, the AVAX token broke its own record at $11.89 on September 22, and the lowest level seen in this short time was seen on September 23 at $3.98. Finally, it is worth noting that there are currently 24,500,000 AVAX in circulation and the total amount of tokens will be 720,000,000 AVAX.

Where to Buy AVAX Coins?
AVAX which is to be listed first official coins and having the world's highest trading volume crypto currency exchange Binance.com