What is AVAX coin?

Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum . AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support a variety of blockchain projects. 1. The Avalanche blockchain can provide near-instant transaction finality.

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What type of coin is 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. Transaction fees and the rate of AVAX coin creation are determined using a governance model.

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