Avalanche is a blockchain with smart contract functionality that emphasizes transaction speed, low cryptocurrency transfer fees and eco-responsibility. Its developers describe it as the most scalable blockchain at the moment. AVAX is its original cryptocurrency.
Avalanche course (AVAX): what is the current price?
Here is Avalanche’s live course. See the article: Crypto Algorand (ALGO): Should you buy ALGO? Meaning, analysis and prediction 2022.
The most important thing to know about Avalanche
Avalanche was founded in 2019 by Dr. Emin Gun Sirer and aims to be the fastest blockchain. On the same topic: 3 promising cryptocurrencies to invest in 2022: Polygon (MATIC), Decentraland (MANA) & Hedera (HBAR). The cryptocurrency was launched by the Ava Labs team in 2020 and rose rapidly through the CoinMarketCap rankings to the Top 10.
Avalanche’s total value locked in protocol (TVL) is also increasing, and DApps on Avalanche are valued at over $ 3 billion. Avalanche is a true competitor to Ethereum and boasts an enthusiastic community.
How does Avalanche work?
The most important innovation of Avalanche is that it consists of three blockchains instead of one. The rationale behind this architectural decision is ingenious: instead of having a single chain to control everything, each blockchain focuses on a specific purpose within the avalanche ecosystem.
The Avalanche platform therefore ensures decentralization, security and scalability by distributing tasks across multiple chains. Also read: Crypto The Sandbox (SAND): Should you buy SAND? Meaning, analysis and prediction 2022.
Exchange Chain (X-Chain): creates the assets of Avalanche and manages their transactions in the network.
Smart Contract Chain (C-Chain): Allows developers to launch DApps on Avalanche.
Platform Chain (P-Chain): allows developers to launch child blockchains on Avalanche. It is this chain that gives the Avalanche its scalability.
Crypto AVAX: our opinion and prediction for 2022
It is unanimously considered that Avalache is a good project that is able to dethrone Ethereum in the long run thanks to its low fees and scalability.
AVAX experienced high volatility in 2021. This volatility continues to a lesser extent.
Retracement from November 2021 made it possible crypto AVAX to fall to attractive levels to buy.
Long-term AVAX price prediction
Avalanche has the same growth potential as Ethereum. The $ 1500 AVAX / USD price target is quite realistic.
Avalanche is a relevant DApp project and a much cheaper alternative to Ethereum.
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