icon - Avalanche
AVAX Avalanche
+ 1%
$ 46.42665975
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • 9
    $ 46.42665975
    $ 17,545,215,563
    $ 527,561,855
    0 AVAX
    + 1%

Avalanche. Price of cryptocurrency: $ 46.42665975

What is the name of the thing?
There are two types of applications that can use the platform of the layer one block: custom and distributed applications. It is trying to take over as the most popular platform for smart contracts.
This is possible because of the unique architecture of Avalanche. The X-Chain, C-Chain and P-Chain are part of the network. The purpose of each chain is vastly different from the approach used byCryptocurrencies such asBitcoin andEthereum.
After its mainnet launch in 2020, the company has been working on developing its own app store. The projects that have integrated with Avalanche are SushiSwap and TrueUSD.
There are built-in Blockchains and Subnets.
There are three primary built-in blockchains.
Exchange chain
The only function of the X-Chain is to send and receive funds. Transaction fees are fixed and X-Chain has speed benefits.
P-Chain is a platform chain.
It is used for facilitating validator activities.
The contract chain is called C-Chain.
The chain is used for smart contract and DeFi apps.
The three networks are secured by the Primary Network.
Dynamic sets of validators work together to achieve consensus on the state of a set of blocks. One subnet is able to verify variousBlockchains.
Every validator has an incentive to follow the security and resource requirements of the individual subnet.
Subnets wants to bring application-specific networks to the broader community. There are certain properties that can be required for an individual application, product, or service. Those who meet those requirements can join the Subnet.
Private blockchain development is supported by Avalanche Subnets.
Who are the founding fathers of Avalanche?
Cornell University professor Emin Gn Sirer and Cornell University computer science PhD's Kevin Sekniqi and Maofan "Ted" Yin founded the company. Gn Sirer designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper.
That research led to the creation of the foundation of Ava Labs. The project closed a seed round in February of 2019.

What makes Avalanche unique?
The trilemma is about the degree of decentralization at scale.
The problem was solved by the design of three consensual blockchains.

The native AVAX token and other assets are created and exchanged by the Exchange Chain. These token follow a set of rules similar to the ERC-20 standard. The Contract Chain has smart contracts and applications. It has a virtual machine that allows developers to fork EVM compatible DAPPS. The P-Chain enables the creation of new subnets and coordinates network validators. Subnets are sets of validators. Each subnet can be used to verify several blocks, but only one can be used to verify a single block.
Higher throughput can be achieved without compromising on decentralization. Private blockchains on the network could require its validators to comply with certain regulations. The modular structure improves interoperability with other blockchains.

There are pages related to this.
Check out Cardano.
Solana is a high-speed layer one blockchain.
Take a deep dive into the topic.
The interview with Emin Gn Sirer can be found here.
The latest trading insights and news can be found on the blog.

How many coins are in circulation?
There is a total supply of 720 million.

10% of the seed sale will be released on the mainnet launch and the rest will be released every three months. 10% will be released on the mainnet launch and the rest will be released every three months. 10% public sale, with 10% released on mainnet launch and 15% released every three months over 18 months. Over ten years, 9.26% was allocated to the foundation. The community endowment was released over a year. The testnet incentive program was released over a year. Over four years, 5% of strategic partners were released. Over four years, 2.5% of the total was released. Over four years, 10% of the team was released. 50% of the rewards are staked.
The minimum time for staking is two weeks with a minimum of 2,000 AVAX.

How is the network secured?
The Exchange Chain is where AVAX is traded. Unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism doesn't have one leader processing transactions that get validation. The directed acyclic graph protocol is used to process transactions. Transactions are processed simultaneously, and random polling ensures that transactions are correct.

Where can you get an avalanche?