Details about Avalanche cryptocurrency
€12,340,875,762 ( -2.69721%)
€368,500,000
436,887,523
378,197,902
63.076
Unknown
96x
€3121.8
Avalanche price charts
AVAX exchanges
Avalanche, the crypto
Avalanche (AVAX) is a cryptocurrency and blockchain platform that aims to provide fast, secure, and highly scalable decentralized applications (dApps) to users worldwide. It was launched in September 2020 by Ava Labs, a team of experts in distributed systems, consensus protocols, and cryptography.
The point
The main point of Avalanche (AVAX) is to create a new generation of decentralized finance (DeFi) applications that can handle high volumes of transactions and users without sacrificing security, efficiency, or decentralization. It achieves this goal by using a unique consensus protocol called Avalanche, which enables near-instant finality and high throughput while maintaining a high degree of security and decentralization.
The problem
Avalanche (AVAX) tries to solve the scalability trilemma of blockchain technology, which states that a blockchain cannot be simultaneously decentralized, secure, and scalable. Most existing blockchain platforms, such as Bitcoin and Ethereum, face this problem and can only offer limited scalability without sacrificing security and decentralization. Avalanche (AVAX) solves this problem by using a new consensus protocol that can achieve high throughput and fast finality while ensuring security and decentralization.
Compare AVAX and BTC performance
| Timeframe | AVAX | BTC |
|---|---|---|
| 1h change | -0.108718 % | -0.234911 % |
| 24h change | -2.08 % | 1.25967 % |
| 7 day change | -1.28 % | -1.44157 % |
| 14 day change | -9.24 % | -9.47799 % |
| 30 day change | -34.39 % | -7.33786 % |
| 200 day change | 262.83 % | 129.168 % |
| Year change | 113.28 % | 129.33 % |