AVAX

Avalanche

Avalanche is a platform created by the company Ava Labs. AVAX is a major cryptocurrency of Avalanche. It offers lots of possibilities for developers, allowing businesses to easily create apps, blockchains, and coins. Avalanche uses something that’s called “Avalanche consensus protocol” – imagine students gossiping and exchanging opinions to decide on something being valid, as a result, they reach an agreement to approve or deny something. The same way is used to make sure a transaction on Avalanche was accurate.

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