What is the technology behind AVAX coin?

3 answers

• Dec 26, 2021 · 3 years ago
  AVAX coin is built on the Avalanche platform, which is a highly scalable and decentralized blockchain network. It utilizes a consensus protocol called Avalanche, which is designed to achieve high throughput and low latency. The technology behind AVAX coin allows for fast and secure transactions, as well as the ability to create and deploy smart contracts. The Avalanche platform also supports the creation of new tokens and decentralized applications (dApps). Overall, AVAX coin leverages cutting-edge blockchain technology to provide a robust and efficient digital currency solution.
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• Dec 26, 2021 · 3 years ago
  AVAX coin is powered by the Avalanche platform, which is known for its innovative consensus protocol. The Avalanche consensus protocol uses a novel approach to achieve consensus, allowing for fast and secure transactions. This technology sets AVAX coin apart from other cryptocurrencies and enables it to handle a high volume of transactions with minimal fees. Additionally, the Avalanche platform offers a range of features and tools for developers, making it a versatile platform for building decentralized applications.
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• Dec 26, 2021 · 3 years ago
  AVAX coin is built on the Avalanche platform, a highly scalable and decentralized blockchain network. The Avalanche platform is designed to provide fast and secure transactions, with a focus on scalability and low fees. It utilizes a unique consensus protocol that allows for quick finality and high throughput. The technology behind AVAX coin enables it to handle a large number of transactions per second, making it suitable for various use cases, including payments and decentralized finance (DeFi) applications. The Avalanche platform also offers a user-friendly interface and a growing ecosystem of decentralized applications and services.
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