About Avalanche (AVAX)
Market Capitalization$2.18 billion
Coin or TokenCoin
Official Website (Alt)N/A
Message Board (Alt)N/A
Blockchain Explorer (Alt)N/A
Avalanche (AVAX) Frequently Asked Questions
What is Avalanche?
Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Developers who build on Avalanche can easily create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets. Avalanche can confirm transactions in under one second, supports the entirety of the Ethereum development toolkit, and enables millions of independent validators to participate as full block producers (Avalanche had over 1,000 full, block-producing nodes on its Denali testnet). In addition to supporting transaction finality under one second, Avalanche is capable of throughput orders of magnitude greater than existing decentralized blockchain networks (4,500+ transactions/second) and security thresholds well-above the 51% standards of other networks. AVAX is the capped supply native token of the Avalanche platform. Participants can become full block-producers and validators by staking AVAX and are incentivized to do so because of staking rewards. Fees for all sorts of operations on the network are paid out in AVAX through burning, thus increasing the scarcity of AVAX for all token holders. On September 2020, Avalanche announced the launch of its mainnnet. (Description provided by CryptoCompare)
How do I buy Avalanche?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Avalanche.
Where can I get Avalanche wallet?
Avalanche produces its own wallet software that is available for download on its website, which allows you to store Avalanche on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Avalanche?
One Avalanche (AVAX) is currently worth $12.56 on major cryptocurrency exchanges. You can also exchange one Avalanche for 0.00033081 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Avalanche in U.S. dollars is $2.18 billion.
How do I mine Avalanche?
Avalanche is a proof-of-stake (PoS) currency, which means that blocks on the Avalanche blockchain are not mined using hashing algorithms like Bitcoin. Rather, coins are earned by "staking" existing coins on the network or by running a master node.
What is the Reddit page for Avalanche?
The official Reddit community (subreddit) for Avalanche is r/Avax.
MarketBeat Community Rating for Avalanche (AVAX)MarketBeat's community ratings are surveys of what our community members think about Avalanche and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Avalanche (AVAX) Price Chart for Wednesday, August, 4, 2021
Avalanche (AVAX) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Avalanche. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Avalanche Coin" over the last 90 days.
Avalanche (AVAX) Website Traffic
Avalanche (AVAX) Social Media Trends
Avalanche (AVAX) News Headlines