What is Avalanche blockchain?

The Avalanche blockchain can provide near-instant 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. Avalanche is a blockchain platform with the native currency AVAX.

What is Avalanche token?

AVAX, the native token of the Avalanche platform, is used to power transactions in its ecosystem. AVAX serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees. How Does Avalanche Work?

How many transactions can avalanche process per second?

The Avalanche blockchain reportedly can process 4,500 transactions per second. 1 Launched in 2020, Avalanche aims to be fast, versatile, secure, affordable, and accessible. 2 In addition, Avalanche is an open-source project, meaning anyone can view and contribute to the platform's code.

What is the C-chain on Avalanche?

This feature enables developers to build decentralized applications on Avalanche while leveraging the platform’s security and scalability benefits. The C-Chain runs smart contracts for the Avalanche platform and is EVM (Ethereum Virtual Machine) compatible. Being EVM compatible means anyone can deploy Ethereum smart contracts on Avalanche.