Hello traders, I hope you’re all doing great. Today, we’re going to talk about an OG project that’s been around the crypto market for years — consistently evolving and improving to maintain its position. We’re talking about Avalanche (AVAX). In this blog, we’ll cover some of the unique features and special technology that sets AVAX apart — in other words, ‘Why should one consider $AVAX?’
First of all, let me tell you that AVAX does not use same typical consensus algorithm like ETH and other blockchain use. It introduces a probabilistic gossip-based consensus protocol. I have mentioned it in previous blog as well but we will discuss what it is later in this blog.
Avax was launched in 2020 by Ava Labs. It’s a layer-1 smart contract platform designed to deliver high throughput, low latency, and customizability for decentralized applications (dApps), enterprise blockchain solutions, and subnets.
Avalanche confirms transactions in under 2 seconds. It supports Ethereum apps and allows users to create their own blockchains with custom rules. This makes it a great choice for both developers and businesses.
Avalanche was developed by Ava Labs, founded by Emin Gün Sirer, a well-known computer scientist and professor at Cornell
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