Buy Avalanche (AVAX)

Reasons to Buy Avalanche (AVAX)

• It is a Layer-1 blockchain used for building Defi Applications.
• It has a whopping market capitalization of more than $15 billion dollars.
• It is capable of processing 6,500 transactions per second (TPS).
• Avalanche works on the Proof-of-Stake model for achieving higher network security.
• It has a circulating supply of nearly 400 million coins, while the maximum supply is limited to 720 million AVAX coins.

Avalanche is a product of Ava Labs that was formed in 2018. Within a year, Avalanche was backed up by investors such as Polychain, Andreessen Horowitz, and Balaji Srinivasan in the seed round.

It is an open-source platform that is used for building decentralized applications. The blockchain is also capable of launching Defi apps and enterprise blockchain deployments in one ecosystem. Avalanche achieve their scalability through a unique architecture that consists of X-Chain, C-Chain, and P-Chain.

AVAX was able to raise $42 Million within 24 hours of its ICO (Initial Coin Offering) launch.

Things to consider before buying Avalanche (AVAX)

• Avalanche is the market leader in smart contracts as it is the first platform that confirms transactions in under one second.
• Users holding the Avalanche (AVAX) token can use it to pay for fees on the Avalanche platform.
• Its consensus combines the benefits of Nakamoto consensus and all the benefits of Classical consensus without the disadvantages.

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