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.
Read moreIs 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.
Read moreIs 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.
Read moreHow do I get AVAX?
How to Buy AVAX
Read moreHow do I convert AVAX to Bitcoin?
How to Convert AVAX to BTC?
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