What Is Avalanche?

Avalanche is a decentralized, open-source proof-of-stake blockchain with smart contract functionality. Avalanche touts itself as the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche also focuses on being low cost, eco-friendly, and built to scale using their native "subnet technology".

The native token, AVAX, is utilized in governance and earns staking rewards. Avalanche went live in September 2020 and has since scaled to be one of the largest blockchain ecosystems.

Learn more about Avalanche here.

Updated on: 24/09/2022