AVAX Price Prediction – AVALANCHE Price Prediction & Analysis 2022
Welcome or welcome back ~ Lets take a look at AVAX or AVALANCHE ~ 😸
What Is Avalanche (AVAX)?
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.
******PLEASE NOTE THE WHATSUP MESSAGES ARE SCAMMERS.******
I am not a financial adviser and my opinions are entirely my own. You should do your own research and inform yourself prior to investing in any market. You should only invest after discussion with your financial adviser. I am not a financial adviser and my statements should not be taken as financial advice.
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