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  • Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem.
  • The Avalanche network confirms transactions in under 1 second, supports the entire Ethereum development kit and enables millions of independent validators to participate as full block producers due to its unique architecture.
  • Avalanche has two consensus engines at launch:
    • Avalanche: A DAG-optimized consensus protocol - high-throughput, parallelizable, and simple to prune.
    • Snowman: A chain-optimized consensus protocol - high-throughput, totally-ordered, and optimized for smart contracts.
  • AVAX, the native tokenof Avalanche, is used for:
    • Peer-to-Peer (P2P) value transfer.
    • Staking and securing the network.
    • Pays for operations, computation and storage.
    • Creation of new blockchains and subnetworks.