Is AVAX built 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.

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Is Avalanche crypto mineable?

Unlike the bitcoin network, where computer “miners” compete to process transactions and earn a reward in a system called proof-of-work, Avalanche is a proof-of-stake blockchain where people are assigned blocks to mine according to how many tokens they hold . Avalanche rewards users with its native AVAX token.

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