Avalanche rate

AVAX

What is Avalanche

Avalanche (AVAX) is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It aims to compete with Ethereum 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. Avalanche has worked on developing its own ecosystem of decentralized apps (Dapps) and decentralized finance (DeFi). Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. You can safely and reliably buy and sell AVAX on LiteBit.

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