• Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.

  • The Avalanche network confirms transactions in under 1 second, supports the entire Ethereum development kit and enables millions of independent validators to participate as full block producers due to its unique architecture.

  • Avalanche has two consensus engines at launch:

    • Avalanche: A DAG-optimized consensus protocol - high-throughput, parallelizable, and simple to prune.

    • Snowman: A chain-optimized consensus protocol - high-throughput, totally-ordered, and optimized for smart contracts.

  • AVAX, the native token of Avalanche, is used for:

    • Peer-to-Peer (P2P) value transfer.

    • Staking and securing the network.

    • Pays for operations, computation and storage.

    • Creation of new blockchains and subnetworks.