What Is Avalanche Coin?

What Is Avalanche Coin?

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Avalanche (AVAX) coin is the local token of the Avalanche platform. 

Avalanche (AVAX) coin is the local 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.

” AVAX Coin Binance, buy AVAX coin, how to buy Avax coin, how to buy Avax token, AVAX Coin, AVAX " you can find topics such as this article.

What is AVAX Coin?

AVAX coin is a token used to secure the Avalanche network and create new networks on the platform.

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Avalanche, an open source platform, allows users to create scalable applications that can work with decentralized finance applications and enterprise blockchains. The main goal here is to allow developers in Avalanche to easily create powerful, reliable and secure applications and private blockchain networks with complex rule sets, or build applications on existing private or public subnets.

Avalanche, on the other hand, says it is the first smart contracts platform that can approve transactions in less than a second, support the entire Ethereum development toolkit, and allow millions of independent verifiers to join as full blockmakers.

In addition, the Avalanche platform is highly reliable and even 51% resistant to attacks. The Avalanche architecture includes consensus machines, virtual machines, chains, and subnets. Everything in avalanche is designed as a subnet, and each chain operates as part of a subnet. Validators, on the other hand, must be a member of the” primary network". In the”primary network " there are chains: the Platform chain, the stock market chain and the contract chain.

The platform chain, called P-Chain, is the metadata chain on the Avalanche that coordinates verifiers, keeps track of active subnets, and allows the creation of new subnets. The X-Chain, on the other hand, is the default chain of assets in Avalanche and allows the creation of new assets, the exchange of assets between itself, and the transfer of subnets.

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

AVAX Coin review

AVAX coin attracted a lot of attention especially in Turkey and received positive reviews. Because he's headed by a Turk. Prof. Dr. Emin gün Sirer is the head of the project, which allows Turkish users to approach the project more positively.

However, as soon as AVAX was released, it garnered great interest from all over the world and made its first official listing with a major stock market such as Binance without 24 hours. Comments about AVAX, which has experienced a 10-fold increase with Binance listing, have been quite positive.

AVAX Coin Price

For those who are interested in topics such as” buy Avax coin, how to buy Avax coin, how to buy Avax token", it will be useful to first mention current prices. AVAX, which was trading at $ 4.20 at the time of publication, is 92 among the top 100 cryptocurrencies with a trading volume of $ 102,935,332, according to CoinMarketCap data. is ranked. So although it is still a very new coin, AVAX has already earned itself a place in the top 100.

In addition, since the market was driven, the AVAX token broke its own record on September 22 with $ 11.89, and the lowest level seen in this short period was also seen on September 23 with $ 3.98. Finally, it is also 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 Coin?

You can buy AVAX coin with Binance, the cryptocurrency exchange that is the first official listing and has the highest trading volume in the world.

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