What blockchain is AVAX on?

Avalanche is a blockchain platform with the native currency AVAX. Avalanche is a competitor to Ethereum that prioritizes scalability and transaction processing speed. AVAX is used to secure the Avalanche blockchain and pay transaction fees across the network.

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Does Coinbase Wallet support AVAX?

Only send C-Chain AVAX tokens to your Coinbase wallet address(es) Coinbase does not support Avalanche ERC-20 tokens sent from C-chain addresses or any tokens (incl. AVAX) sent from P-Chain or X-chain addresses . Unsupported tokens sent to your Coinbase wallet address will result in permanent loss of funds.

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Is AVAX a token?

AVAX is the primary token of the Avalanche network , though developers can issue their own tokens on its custom blockchains. The max supply of AVAX is 720 million tokens, half of which were created with the genesis block.

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Is Avalanche a cryptocurrency?

What is Avalanche crypto used for? The native token AVAX is a utility token . AVAX serves as the Avalanche ecosystem’s medium of exchange. In other words, the token is used as currency within the network, typically for fee collection in transactions, incentives and many other use cases.12 Şub 2022

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