Payout profit every 24 hours
Avalanche is a layer 1 decentralized blockchain network designed to support complex applications and custom blockchain features. Avalanche aims to become the leading Ethereum alternative, competing with other popular chains such as Solana and Cardano for the title of "Ethereum Killer".
Avalanche can process up to 6,500 transactions per second, and due to its scalable architecture, GAS fees are relatively low. Avalanche hosts a wide variety of decentralized applications (DApps), which has led to a record total locked value (TVL) of $12 billion at the end of 2021. At the same time, the abundance of DApps on the Avalanche blockchain has increased the demand for AVAX tokens and has had a favorable impact on the price of the digital currency.
Avalanche also adopts the Ethereum Virtual Machine (EVM), which makes it easier and faster for developers to port and deploy Ethereum-based smart contracts and applications to the Avalanche network. With a popular user experience, new users can easily and quickly join the Avalanche blockchain.
AVAX is the native token of Avalanche and is required to pay the necessary gas fees when completing transactions on the Avalanche network. In addition, AVAX token holders can vote on protocol governance issues and have a say in the future development of the blockchain.