#AVAX/ 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 various blockchain projects.
Launched in 2020, Avalanche aims to be fast, versatile, secure, affordable, and accessible.
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In addition, Avalanche is an open-source project, meaning anyone can view and contribute to the platform's code.
The Avalanche blockchain reportedly can provide very quick transaction finality. AVAX is used to pay transaction processing fees, secure the Avalanche network, and act as a basic unit of account among blockchains in the Avalanche network.
