Avalanche News

What is Avalanche (AVAX)?

As the blockchain market continues to grow exponentially, Avalanche is building the ultimate infrastructure for decentralized applications (dApps) by addressing the trilemma: scalability, security, and decentralization.
AVAX is the native token of the Avalanche platform. It serves as the means to distribute system rewards, participate in governance and facilitate transactions on the network by paying fees.

Features that make Avalanche unique:

  • Coin creation rate: The total supply of AVAX will be 720 million tokens, but it is possible that the total number of coins in circulation can reach this cap much earlier before the project has had time to develop. The predetermined amount of AVAX paid for each new block adds an element of certainty to the expected value of future AVAX returns.
  • Transaction fee structure: Avalanche’s transaction fees are dynamic. This means that they change depending on the number of users and the amount of network congestion at the time of your transaction. The more users we have, the cheaper a transaction costs per user. AVAX is deflationary, which means that as we grow, so too do our transaction fees.
  • Consensus mechanism: The Avalanche network gets its name from this confirmation method. Each transaction on the Avalanche blockchain is confirmed by a number of randomly selected peers, called witnesses or nodes. This random selection is done in such a way that ensures that each new witness will have to validate small sets of already-confirmed transactions before they are assigned to confirm any new ones. The overall effect is that the network resembles an avalanche, with snow sliding and organizing into piles as it falls.
  • Participation incentives: High uptime and fast response times are also two of the defining characteristics of Avalanche.

Avalanche vs. Ethereum

While there are several differences between Avalanche and Ethereum most notable is their scalability. Avalanche can process around 4,500 transactions per second (TPS) while Ethereum can only do around 30.

How do I add Avalanche to Metamask?

The guide by Ava Labs will take you through the process of acquiring AVAX via MetaMask, a popular digital currency wallet. If you don’t already have one, the process of signing up for an account with MetaMask is simple and fast. The first thing you’ll need to do is install the extension by going to https://metamask.io/ and clicking on the blue “Add to Chrome” button. You’ll then be able to use the extension on your browser exactly as if it were a plugin or a native part of Chrome.

Is the Avalanche Blockchain Safe?

That’s not to say the network is entirely safe from hackers. With smart contracts, in particular, you still need a basic understanding of software security. But Avalanche is entirely focused on making them more accessible and secure than ever before.
To that end, the platform’s unique consensus mechanism ensures that transactions are fast and verified by a large number of mining nodes. Its smart contract language is specifically for eliminating the vulnerabilities that have led to some of Ethereum’s worst hacks.

Does Avalanche crypto have a future?

Avalanche cryptocurrency is an interesting project with the potential to become one of the most used cryptocurrencies in the future. Currently, Avalanche has some minor drawbacks, but they are working hard to fix them.
We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Defrost Finance — a native Avalanche stablecoin with over X TVL — has integrated Chainlink Price Feeds on the Avalanche mainnet. By integrating the industry-leading decentralized...
25.01.2022
Autofarm network has created a brand new partnership programme for projects the AutoAmplify partnership programme! What is AutoAmplify? AutoAmplify is their brand new partnership programme...
23.01.2022
Heroes Chained partners with Pangolin Exchange: Top Avalanche exchange invests in Play & Earn Heroes Chained is thrilled to announce that Pangolin Exchange have invested in their Fantasy...
23.01.2022
An NFT project from Defi Yield Protocol Cats and Watches Society, will be launching soon! The limited space white list is open and available to meta mask wallet holders on their site...
22.01.2022
Kassandra is going live on Jan 22th 2022 18:00 UTC. The Distribution Phase of Penguin Finance is set to start on Jan 22th 2022 18:00 UTC, and from this point, people will be able to...
22.01.2022
This integration will provide 1inch users access to Avalanche-based liquidity sources. The 1inch Network, a DeFi aggregator, has expanded its aggregation and limit order protocols...
20.01.2022
A 4-week PangoChikn Promotion as Pangolin’s first-ever Super Farm. Chikn teamed up with Pangolin to offer a full month of FEED-AVAX LP farming for PNG-FEED double rewards! They are...
19.01.2022
Users can now earn and borrow against their AVAX on Celsius. Avalanche’s native token $AVAX is now live on Celsius Network, a fintech platform that offers interest-bearing savings...
19.01.2022
Trader Joe is delighted to announce an official partnership with Yeti Finance, a new decentralized borrowing protocol that will be launching on Avalanche. Yeti Finance will be integrating a...
18.01.2022
The Vee.Finance team is thrilled to announce that the platform is now live on HECO Chain. So far, Vee.Finance has completed the deployment on Avalanche and Heco. Get Started Users can simply...
17.01.2022
Heroes Chained is the first IGO of Seedify on Avalanche, you will need to add an Avalanche C-Chain RPC to your Metamask wallet, to view, transfer or swap your $HeC tokens. Please Note: If...
17.01.2022
Polkastarter are integrating Avalanche into Polkastarter IDOs. After the success they had with the Celo integration, They add another network to their platform. Avalanche would be available...
16.01.2022
NFTrade is thrilled to announce  a strategic partnership with Avarobots, a robot-themed metaverse on the Avalanche blockchain, to support all of their NFT-related needs. As the official...
15.01.2022
Platypus Finance, a single-side AMM (decentralized exchange) designed for exchanging stablecoins, has launched its Beta application on Avalanche, expanding the tools available to users...
15.01.2022
Lydia Finance announce the upcoming  NFT launch of Avaxlion Create your own Lydian Profile! As some of you may already know, you’ll be able to create your very own Lydian profile with...
14.01.2022
The public launch of Akitavax will occur on DAOStarter. The whitelisting process for DAOStarter IDO is now live! IDO Details The key Akitavax IDO details are as follows: · Whitelist date:...
14.01.2022
MetaBrands is honored to expand deeper into the Metaverse and build its first bridge into another robust blockchain ecosystem, Avalanche! As mentioned in the MetaBrands White Paper, the...
12.01.2022
OpenSwap started an ongoing poll to let the community decide which chain OpenSwap should be deployed on next with the choices being: Avalanche, Fantom, and Matic. The poll is still active,...
12.01.2022
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