What is built on Avalanche?

Avalanche is the first decentralized smart contracts platform built for the scale of global finance, with near-instant transaction finality. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box .

That’s similar to how ETH is used to pay for gas fees on Ethereum. In fact, Avalanche’s fee algorithms are based on Ethereum’s dynamic gas fee model, which is known as EIP-1559 . While Ethereum’s gas fee is partly burned and partly paid to miners, Avalanche’s fee is entirely burned.3 gün önce

What is AVAX? 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

Avalanche Crypto Network Architecture The Primary Network secures three built-in blockchains: the Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain) . The X-Chain is a platform for creating and trading crypto assets including AVAX.