There are three founders behind Avalanche.Д®min GГјn Sirer is a computer scientist associated with Bitcoin and other decentralized networks who was concerned with the scaling opportunities regarding Bitcoin. The Avalanche mainnet was launched in September of 2020, only two months after it raised $42 million in a token sale, which quickly sold out.ДЇrom its launch to today, the platform has grown to a point where it secures hundreds of projects and has thousands of individual block-producing validators. However, it was formalized in a higher level of detail by Cornell University researchers throughout 2019. This protocol has a unique history because it was anonymously introduced on IPFS in May of 2018 for the very first time. At the same time, developers can construct a selection of different blockchain tokens or services. Avalanche enables better programmability, features, and functionality when compared to Ethereum.ДЄvalanche network is known for introducing impressive benefits for corporate and individual users, as the network allows businesses to create new blockchains with ease. The platform provides a solution to centralization where it builds upon some of the shortcomings of the Ethereum network. The foundation of the Avalanche project is based on solving multiple issues found within blockchain networks.

AVAX tokens are received from payment of the network itself as fees are burned, increasing the scarcity of the token.ДЄvalanche is an advanced blockchain platform that has been specifically developed to have significant scaling capabilities and reduced confirmation times.

Any user can become an Avalanche validator when they stake 2,000 AVAX tokens.

AVAX is the native cryptocurrency token that powers the Avalanche network.

Avalanche is an advanced blockchain platform that tackles scalability issues found in other blockchains.AVAX cryptocurrency tokens are currently holding the 12th spot in market capitalization and popularity.

Avax tokens