What is AVAX, and how does it work?

What is AVAX, and how does it work?

Blog Article

AVAX is the native copyright of the Avalanche blockchain platform, designed to support decentralized applications (copyright) and custom blockchain networks. Avalanche boasts fast transaction times and a highly scalable network, offering unique consensus mechanisms that allow thousands of transactions per second. AVAX plays a crucial role in the ecosystem by being used for transaction fees, staking, and governance, making it an integral part of Avalanche’s functioning. For the latest AVAX price and market trends, you can check this comprehensive source on AVAX price.