What is avalanche crypto

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AVAX is used to pay a much larger scale, supporting many more projects and transactions, Avalanche's superior ability to scale among blockchains in the Avalanche network.

AVAX is used to secure Avalanche differs from Ethereum.

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Avalanche (AVAX %) is a multi-chain smart contract platform made for launching decentralized apps (dApps). It's one of several competitors to Ethereum. Avalanche began as a protocol for solving for consensus in a network of unreliable machines, where failures may be crash-fault or Byzantine. The protocol's. Avalanche is seen as an alternative to the Ethereum network. These alternatives are often grouped together under the name �alt Layer 1s,� or alt L1s.

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Validators are required to stake at least 2, AVAX coins to participate in consensus. These protocols achieve agreement in a similar operation to a parliament: a proposal transaction is proposed and voted on to be accepted or rejected. All subnet validators must also validate Avalanche's primary network. Write2Earn binance. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.