Is AVAX on Ethereum?

Avalanche (AVAX) is a layer-1 smart contract platform built by Ava Labs, which is headquartered in Singapore. It is a proprietary proof-of-stake blockchain that is Ethereum-compatible . Developers can build and deploy decentralized applications (dApps) on the platform.3 Şub 2022

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Is Avalanche good?

According to the associated white paper, “Avalanche is a high-performance, scalable, customisable, and secure blockchain platform ”. The platform is intended to prioritise scalability, security, decentralisation, governance and democratic principles, while being interoperable and flexible.

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What is Avalanche crypto coin?

Avalanche launched in September 2020 as a direct competitor of crypto’s second most valuable blockchain network . In particular, Avalanche pits itself as a ‘blazingly fast’ ‘low-cost’ and ‘eco-friendly’ alternative to Ethereum’s well-documented problems.

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