Avalanche AVAX

An open, programmable smart contracts platform for decentralized applications

Avalanche is an EVM-compatible Layer 1 that describes itself as an open, programmable smart contracts platform for decentralized applications. Avalanche uses a family of proof-of-stake protocols called Snow to achieve 4500+ TPS, less than 2 second transaction finality, and a 80% safety threshold (resilient to 51% attacks). On Avalanche, developers can deploy highly customizable public or private chains (called “subnets”) that are interoperable with each other, allowing Avalanche to serve as the underlying infrastructure for an ecosystem of financial and other applications. The Avalanche protocol is supported by AVAX, an ERC-20 utility token that is used for gas fees and as rewards for validators who secure the network. Holders are able to put their AVAX to work in projects like those highlighted on this page.

Recent News
Valkyrie Investments announces launch of the Valkyrie Multi-Coin Trust (VMCT)
Apr 21 · PR Newswire · VMCT invests in proof of stake tokens, and has an annual additional target yield as high as six percent NASHVILLE, Tenn., April 21, 2022 /PRNewswire/ --
Russia's second-biggest bank VTB slides toward default, after paying rubles on dollar bonds due to sanctions
Apr 21 · Business Insider · VTB, Russia's second-biggest bank, has taken a big step toward default by paying holders of its dollar bonds in rubles.
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Apr 20 · Forbes · Consumer reviews to be more tightly controlled getty The UK is warning of tough new penalties for writing or hosting fake reviews, including fines of up to 10 per cent of global turnover.
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Apr 19 · Forbes · Only 18 other individuals on the planet are richer than Walmart heir Rob Walton, Forbes estimates, and two of them are his siblings.