Avalanche is a high throughput smart contract blockchain platform. Validators secure the network through a proof-of-stake consensus protocol. It is said to be fast, low cost, and environmental friendly.

Mainnet was launched in September 21, 2020. Since then, the platform has grown to secure over 100+ individual projects, $1.4M+ of AVAX burned (reducing supply), 950+ individual block-producing validators, and over 500k+ community members around the globe. Decentralized finance (DeFi) applications can be found on Avalanche such as Pangolin, TraderJoe and Benqi. While popular games on Avalanche includes Crabada.

AVAX is the native token of Avalanche. It is a hard-capped, scarce asset that is used to pay for fees, secure the platform through staking, and provide a basic unit of account between the multiple subnets created on Avalanche.

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The post Avalanche AVAX Explained | 2 Minute Crypto appeared first on Top Crypto Game.

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TIMESTAMPS
0:00 Introduction to Avalanche AVAX
2:25 Defi TVL and Record Numbers
3:15 What is Avalanche?
4:13 A Platform of Platforms
4:53 Consensus Mechanism
5:36 Ethereum Compatibility and ETH Bridge
6:27 Tokenomics and Burn Model
7:36 AVAX Staking
8:30 Avalanche RUSH
10:55 Challenge 1: Low Yield APYs
11:21 Challenge 2: Avalanche Decentralization vs Solana SOL
12:03 Challenge 3: Cost of Average Swap
12:31 Challenge 4: Poor Wealth Distribution

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DISCLAIMER
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

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The post AVAX Avalanche – The Future King of Smart Contracts? 👑 appeared first on Top Crypto Game.