What is Avalanche?
Avalanche Blockchain Summary
Launch Year
2020
Type
Public blockchain
Native Cryptocurrency
AVAX
Consensus
Avalanche Consensus (Byzantine Fault Tolerant)
Avalanche distinguishes itself in the blockchain space by offering a unique solution to the blockchain trilemma. Its novel Avalanche consensus mechanism delivers blazing-fast transaction finality (often in seconds), remarkably high throughput (thousands of transactions per second), and impressive scalability without compromising decentralization. Avalanche is built to support a wide range of use cases, including decentralized finance (DeFi), enterprise applications, and the creation of custom blockchains. Its focus on speed, customizability, and interoperability positions Avalanche as a powerful player in the Web3 landscape.
Avalanche staking system
Staking rewards are determined by factors such as the amount staked, the validator’s performance, and the overall network participation rate. Avalanche provides flexibility for users with varying commitment levels to contribute to network security.
Avalanche offers two ways to participate in securing the network and earn rewards:
Validator Requirements
Understand the technical and hardware requirements, and explore potential rewards for becoming an Avalanche validator.
Flexibility in Staking Periods
Choose from different lock-up periods for your staked AVAX, providing flexibility for various investment strategies.
Governance
AVAX holders can participate in Avalanche’s governance by proposing and voting on changes to network parameters.
Coin Utility
Used for paying transaction fees, participating in staking, and as a unit of account within subnets (custom blockchains built on Avalanche).
Burn
A portion of all transaction fees are burned, permanently removing AVAX
AVAX has a maximum supply of 720 million tokens.
Avalanche Smart Contracts
Avalanche features a smart contract platform compatible with the Ethereum Virtual Machine (EVM), enabling developers to effortlessly port existing Ethereum-based dApps and benefit from Avalanche’s speed and scalability. It also supports the creation of custom smart contracts tailored to specific use cases.
Details about Avalanche smart contracts
Subnet Customization
Create tailored blockchains with their own rules and smart contract functionality.
Ethereum Compatibility
Deploy Ethereum Virtual Machine (EVM)-compatible smart contracts for flexibility and familiar tooling
Avalanche Wallet Options
Avalanche Wallet (official)
Browser-based wallet with integrated dApp support.
MetaMask
Popular Ethereum wallet that can be configured for Avalanche.
Ledger and Trezor
Hardware wallets offering maximum security.
How to Buy Avalanche (AVAX): A Guide to the Best Exchanges
Ready to add Avalanche (AVAX) to your cryptocurrency holdings? Both centralized and decentralized exchanges offer paths to purchasing AVAX. Here’s a look at some of the top options to find where to buy Avalanche for your investment strategy.
Best CEXs to Buy AVAX
Binance
Global exchange featuring high liquidity and a wide range of AVAX trading pairs.
Coinbase
Popular and user-friendly exchange with AVAX trading.
Kraken
Well-respected exchange offering a good selection of cryptocurrencies, including AVAX.
KuCoin
Global exchange featuring several trading pairs for AVAX.
HTX/ Huobi Global
Leading exchange with diverse crypto offerings, including AVAX.
Gate.io
Established exchange with a variety of trading features and AVAX support.
Best DEXs to Buy AVAX
Trader Joe
One of the most popular decentralized exchanges on the Avalanche network.
Pangolin
Decentralized exchange on Avalanche offering liquidity pools and swapping features.
Lydia Finance
An up-and-coming DEX with a focus on yield farming and staking in the Avalanche ecosystem.
Important Note: Always research and consider factors such as fees, security, supported fiat currencies, and regional availability before choosing an exchange. It’s recommended to compare multiple options to find the best way to buy AVAX that suits your specific needs.
How to track Avalanche assets?
Monitor and capitalize all your Avalanche assets from multiple sources with auto-synced data about coin prices, NFT floor prices, advanced analytics and custom asset based opportunities.
7 easy steps to track and capitalize all your Avalanche assets
Open your crypto wallet app or web extension
Select your Avalanche public wallet address and copy it
Open the Hodlezz mobile app and create a portfolio
Select the settings icon in your portfolio
Select [Add connector] from the menu
Select [Avalanche] for any Avalanche compatible address
Choose a name for your connector and insert your public wallet address
Start tracking all your crypto assets now
Experience seamless management of your digital assets with Hodlezz: the premier app for real-time tracking and analytics of your cryptocurrencies and NFTs.