Info of Avalanche
Avalanche is a Smart contract platform. At the same time, it is an open-source platform that allows the deployment of highly decentralized applications, financial products, digital assets, and interoperable blockchains. Avalanche allows financial networks to connect to a common platform to make launching and trading digital assets easy.
Put simply, Avalanche creates a platform of platforms that contain thousands of different sub-networks depending on the user's purpose, those sub-networks can connect to create a global market network. Prominent among them is Pangolin, AMM DEX running on the Avalanche blockchain, supporting Avalanche C-chain tokens. With Pangolin, users can interact with assets on Avalanche and Ethereum with instant speeds and affordable fees.
Avalanche was launched in 2020 by software engineer Emin Gün Sirer, who envisioned a more advanced and flexible blockchain architecture. Avalanche's native token is AVAX, which is used for staking, governance, and bonding.
Avalanche has also received support from prominent crypto projects, such as Polychain, Three Arrows Capital, R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, and Lvna Capital.
Avalanche is a young and potential ecosystem that aims to connect different blockchain ecosystems with its heterogeneous multichain system. However, like any other cryptocurrency, Avalanche is also subject to volatility, competition, and speculation.