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What is Avalanche all about
Referred as ‘platform of platforms’ by its developers, Avalanche is a blockchain designed to be an alternative to Ethereum targeting scalability and transactions per second with low fees. Avalanche allows new developers and businesses to create their own blockchains. Both corporate and individual users can construct their own set of blockchains and tokens.
Avalanche provides flexibility to developers so that they can program using multiple languages. Their network is coded using the Go language originally. The platform allows coders to code complex rules, smart contracts, and regulatory compliant tokens.
The new blockchains built on Avalanche are called subnets. Developers have complete freedom of programmability on these subnets. Avalanche’s first blockchain is known as X-chain. Developers can mint new tokens or smart tokens on X-chain.
Next, Avalanche has C-chain, a blockchain specially created to simplify conversions of Ethereum Dapps. C-chain is compatible with all Ethereum virtual tools. P-chain handles all the Avalanche network’s utilities. P-chain monitors the creation of new subnets, consensus, and staking. Avalanche works on DPoS (Delegated-Proof-of-Stake) ecosystem.
Avalanche has Avalanche token or AVAX serving as a medium of transactions. Tokens built on Avalanche can represent equities, bonds, real estate, and even NFTs. There are a total of 720 million AVAX tokens.
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AVAX Questions & Answers
How much will Avalanche cost in 6 months?
Accurate long term projections are very difficult, however using our price prediction algorithm we suspect Avalanche's cost is likely going to reach between €94.84 and €218.93 six months from now.
Does Avalanche have a large following on social media?
32075 users were engaging in discussing Avalanche online on Reddit in the last 48 hours. Avalanche's official Twitter profile currently is followed by 0 users.
How much is Avalanche worth today?
Today's price of Avalanche is at 80.80 Euro.
Historically, what was the highest Avalanche price?
The price of Avalanche reached its highest point on 2021-11-21, when it was at 128.43 EUR.
What will the Avalanche price be in one month time?
According to our short term prediction, we suspect that Avalanche's cost is likely going to reach between €94.84 and €132.73 30 days from now.
How much will Avalanche cost 90 days from now?
Based on our prediction we estimate that Avalanche's value will reach between €94.84 and €164.46 in three months.
10 days Avalanche price forecast
Long term Avalanche price prediction