Avalanche is one of the leading cryptocurrency projects, currently among the top 20 highest valued crypto projects, according to coinmarketcap.com. What is worth knowing about this project? Interested in buying Avalanche (AVAX), but not sure where to do it best? You can find out everything in this article.
Avalanche is another project-competitor for Ethereum – which is the first and to date most popular platform for creating and operating smart contracts. Launched relatively recently – in 2020 – the project stormed into the top 100 on coinmarketcap.com’s list, and then made a permanent place in the top 20 of that list. Avalanche has thus become one of the most popular crypto assets. The Avalanche platform was developed by three researchers from Cornell University – Professor Kevin Sekniqi and two of his PhD students, Maofan “Ted” Yin and Emin Gün Sirer. Many investors have already decided to buy Avalanche during the ICO (public offering) phase, during which a total of $48 million was raised for the development of the project. If you are already interested in buying Avalanche AVAX for euros, punds GBP or USD, you can easily do so by registering a free account on the cryptocurrency exchange Zonda or Binance by clicking on the button.
The developers set themselves three goals – their blockchain was to be fast, cheap and environmentally friendly. This is the exact opposite of the now rather outdated Bitcoin, which handles seven transactions per second (tps), consumes as much energy as Argentina annually, and a single transaction can cost up to US$150 in places. The result of these goals is the Avalanche blockchain, which processes 6,500 transactions per second (with a maturity of less than a second), and a single transaction is a cost of 1 cent. In addition, the Avalanche network is based on the Proof-of-Stake protocol, so its energy intensity is a fraction of a percentage of the electricity consumed by Bitcoin.
The network is based – unlike most – on not one, but three blockchains! These are the X-Chain, the C-Chain and the P-Chain. The first is used to manage the resources of the network. The purpose of the second is to create smart contracts. The third, on the other hand, is used to coordinate the work of validators who check the integrity of transactions across the network.
On this basis, Avalanche offers network users the possibility to run an unlimited number of fully customisable and interoperable blockchains, based on the ‘mother network’ that is Avalanche. This is a very big advantage for new crypto projects, which can easily ‘put up’ a blockchain, customised to their needs, while not having to build it from scratch. This is an undoubted advantage that could be a factor in increasing the number of developers who want to build innovations based on Avalanche.
Besides, Avalanche allows you to do everything that the other smart contract platforms offer – building decentralised applications, creating tokens, minting NFTs and so on. If you’re interested in buying Avalanche AVAX for euros, GBP and USD then you can easily do so via a free account on Zonda Global by clicking the button below.
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AVAX is the native token of the Avalanche network. As with other blockchains, the native token is the internal currency of the ecosystem. It is used to pay for transactions, the creation of smart contracts and other charges on the network. AVAX also serves, primarily, as a protocol stake. By holding a given number of AVAX tokens, we can become a validator. We then lock up our tokens to participate in securing the network and validating transactions. This allows us to make a passive profit from the tokens pledged to the network, rather than simply storing them in a wallet.
Let’s not forget that AVAX is not only the network’s internal currency, but also a token, subject to market valuation. This means that its value, in its own way, reflects the value of the whole project. Avalanche’s capitalisation now stands at almost $4 billion, and one token is worth more than $13. Not so long ago, it was even listed at $144! This creates quite a bit of room for growth for AVAX – but everyone must judge for themselves whether buying AVAX will be profitable.
Given that it is one of the most popular coins on the market, buying AVAX is possible on all major exchanges. It is available on Binance, KuCoin, Coinbase, Huobi, Kraken or Zonda, among others. Buying Avalanche AVAX for PLN is possible precisely on the last mentioned platform, Zonda Global. You can register your free account now by clicking on the button below.
Below is a list of exchanges with their corresponding currency pairs for Avalanche (AVAX):
