A brief into Avalanche

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Avalanche is an umbrella platform for launching decentralized finance (DeFi) applications, financial assets, trading and other services.


Developers at Ava Labs claim that Avalanche is the first smart contracts network to offer transaction finalization in under one second as standard.

The platform’s native token, AVAX, performs various tasks within Avalanche and also functions as a rewards and payment system for users.


How does Avalanche work?

Avalanche implements the Avalanche protocol, which is relatively simple and fully sustainable. It’s the backbone of the Avalanche network and, of course, a breakthrough in the Blockchain community. It acquires the feature of Classical (focused on speed and energy efficiency) and Nakamoto consensus (focused on scalability and decentralization). Although the model follows POS closely enough, the new consensus protocol has few differences. Let’s explore the entire system:

Avalanche provides decentralized asset trading which anyone can launch and use, and does so with a network which is unique in the digital realm in providing sub-second transaction confirmations.

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