The concept of cryptocurrencies is not new. The first cryptocurrency, Bitcoin, has thrived since 2009. It was designed as a decentralised currency with no government involvement. As of July 2022, more than 20,000 cryptocurrencies, all of which were inspired by bitcoin, have been developed.
Avalanche, which goes by the name AVAX, is one such cryptocurrency. Despite being relatively new, the Avalanche platform now houses Proprivex’s Blockchain. Continue reading to learn more.
Avalanche (AVAX) – The fastest blockchain?
Ava Labs introduced the Avalanche platform and AVAX coin in 2020. Avalanche is a platform for smart contracts that use the proof of stake mechanism. The Avalanche platform, which claims to be the quickest and safest cryptocurrency platform currently in use, also allows anybody to launch their coin.
Avalanche is built to be a network of tens of thousands of subnets to enable a very stable currency. The goal is to create a diverse, decentralied, linked network of...
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