Proof of Work

Cryptocurrency

Base Ecosystem

Backed Tokens

Ethereum Mainnet

Binance Smart Chain Mainnet

Avalanche C-Chain

Fantom Opera

Polygon Mainnet

Cronos Mainnet Beta

Arbitrum One

Klaytn Mainnet Cypress

Harmony Mainnet Shard 0

Metis Andromeda Mainnet

Huobi ECO Chain Mainnet

Aurora Mainnet

Celo Mainnet

Optimism

Gnosis Chain (formerly xDai)

Theta Mainnet

Moonriver

Emerald Paratime Mainnet

Fusion Mainnet

Telos EVM Mainnet

RSK Mainnet

Moonbeam

IoTeX Network Mainnet

OKExChain Mainnet

Boba Network

Wanchain

KCC Mainnet

Velas EVM Mainnet

Smart Bitcoin Cash

Songbird Canary-Network

CoinEx Smart Chain Mainnet

Fuse Mainnet

Shiden

Elastos Smart Chain

Callisto Mainnet

ThunderCore Mainnet

Meter Mainnet

TomoChain

Energy Web Chain

Syscoin Mainnet

Ubiq

Polis Mainnet

Zyx Mainnet

High Performance Blockchain

GoChain

Palm

Expanse Network

ThaiChain

Metadium Mainnet

Flare Mainnet

Diode Prenet

ThaiChain 2.0 ThaiFi

ELA-DID-Sidechain Mainnet

Dithereum Mainnet

ShibaChain

Genesis L1

GoodData Mainnet

TBWG Chain

Valorbit

Darwinia Crab Network

XinFin Network Mainnet

Ontology Mainnet

EOS Mainnet

Ethereum Classic Mainnet

Ellaism

SoterOne Mainnet

IDChain Mainnet

POA Network Sokol

PrimusChain mainnet

GeneChain

GateChain Mainnet

Nova Network

Garizon Stage0

Garizon Stage1

Garizon Stage2

Garizon Stage3

NEXT Smart Chain

POA Network Core

EtherInc

EtherLite Chain

Fuse Sparknet

Decentralized Web Mainnet

OYchain Mainnet

Factory 127 Mainnet

DAX CHAIN

Lightstreams Mainnet

Seele Mainnet

BMC Mainnet

BitTorrent Chain Mainnet

Arbitrum on xDai

Freight Trust Network

Permission

Setheum

SUR Blockchain Network

Web3Q Mainnet

PulseChain Mainnet

Lisinski

Rupaya

Double-A Chain Mainnet

# Avalanche: A Scalable and Decentralized Blockchain Platform

Avalanche is a unique blockchain platform that aims to address the blockchain trilemma of scalability, security, and decentralization through its innovative [Proof of Stake (PoS)](https://coinrotator.app/category/Proof-of-Stake) consensus mechanism. Much like Ethereum, Avalanche supports the creation and execution of smart contracts, enabling decentralized applications (dApps) to run on its network. The native token of the Avalanche platform, AVAX, powers transactions within its ecosystem and serves as a means to distribute system rewards, participate in governance, and pay for transaction fees.


## Who Created Avalanche?

The Avalanche protocol was first detailed in an article published by a pseudonymous group of software developers known as Team Rocket in May 2018. Emin Gün Sirer, a professor of computer science at Cornell University and a notable member of the Initiative for Cryptocurrencies and Contracts (IC3), founded AVA Labs with the goal of creating and developing the Avalanche blockchain. Avalanche raised $42 million through an ICO in July 2020 and has since continued to draw significant investments.


## How Does Avalanche Work?

Avalanche's platform is distinguished by three primary aspects of its design: its consensus mechanism, its incorporation of subnetworks, and its use of multiple built-in blockchains.


### Avalanche Consensus

Avalanche employs a novel consensus mechanism that builds on the PoS foundation. When a transaction is initiated by a user, it's received by a validator node that samples a small, random set of other validators, checking for agreement. The validators perform this sampling procedure repeatedly, "gossiping" with each other to ultimately reach consensus. Validator rewards scale according to the amount of time a node has staked its tokens (Proof of Uptime) and if the node has historically acted according to the software's rules (Proof of Correctness).


### Subnetworks

Avalanche allows users to launch specialized chains that can operate using their own sets of rules, similar to other blockchain scaling solutions like [Polkadot's parachains](https://coinrotator.app/category/Polkadot-Ecosystem) and Ethereum 2.0's shards. Consensus on these chains is reached by subnetworks (subnets), which are groups of nodes that participate in validating a designated set of blockchains. All subnet validators must also validate Avalanche's Primary Network.


### Built-in Blockchains

Avalanche is built using [three different blockchains](https://coinrotator.app/?category=Multi-Chain+Platform) to address the limitations of the blockchain trilemma:


1. The **Exchange Chain (X-Chain)** is the default blockchain on which assets are created and exchanged, including Avalanche's native token, AVAX.
2. The **Contract Chain (C-Chain)** enables the creation and execution of smart contracts and is based on the Ethereum Virtual Machine, allowing for cross-chain interoperability.
3. The **Platform Chain (P-Chain)** coordinates validators and enables the creation and management of subnets.


## Why Does AVAX Have Value?

Avalanche has a capped supply of 720 million AVAX tokens, half of which were created and distributed during its launch in 2020. The remaining tokens will be generated by the minting process as staking rewards. Staking AVAX is highly incentivized, creating a system where the circulating supply of AVAX remains relatively low even when demand for the token is high. Additionally, all transaction fees are burned, further increasing the scarcity of AVAX, which is offset by the minting
process to ensure the network's longevity.


## Why People Use AVAX?

Avalanche offers a high-fidelity, high-security network that balances speed and cost-effectiveness of transactions while maintaining ease of use and reliable decentralization. Users may want to purchase the AVAX token to pay for transaction and gas fees, interact with smart contracts, and take advantage of Avalanche's staking rewards.


Furthermore, those who are interested in Avalanche's DeFi programs or see potential for other dApps building on the network may want to hold AVAX to participate in these projects. With its innovative consensus mechanism, incorporation of subnetworks, and multiple built-in blockchains, Avalanche is a promising platform for users and developers looking for a scalable and decentralized blockchain solution.


## Team Background

Avalanche was developed by a dedicated team of industry-leading professionals, led by Emin Gün Sirer, a Cornell University computer science professor and co-founder of the Initiative for Cryptocurrencies and Contracts (IC3). The protocol was initially designed by a pseudonymous group called Team Rocket, who published their findings in 2018. With Sirer at the helm, AVA Labs brought together a talented team of software developers, engineers, researchers, and marketers with extensive experience in blockchain, networking, and distributed systems. Their combined expertise has enabled the creation of a groundbreaking solution to address the blockchain trilemma of scalability, security, and decentralization.


## Current and Upcoming Project Development

Avalanche continues to make strides in the development and expansion of its ecosystem. With a strong emphasis on decentralized finance (DeFi) applications, scalability, and cross-chain interoperability, the platform is actively working on attracting new dApps and projects to its network. Upcoming developments include new partnerships, deployment of additional subnetworks, and improved support for the Ethereum Virtual Machine. By focusing on collaboration and fostering growth within Avalanche's ecosystem, the team aims to further cement its position as a leading decentralized blockchain platform suitable for a variety of use cases.


## {{name}} Price Analysis

As of {{month}} {{day}} {{year}} {{name}} has a marketcap of {{marketcap}}. 
This is {{percentagefromath}} from its all time high of {{ath}}. 
In terms of its tokenomics, there's a total supply of {{totalsupply}} with {{percentagecirculatingsupply}} currently outstanding. 
Keep in mind {{name}} has a fully diluted value of {{fdv}} which many investors might interpret as overvalued. 

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.

Avalanche

Avalanche

Price Data

Analysis

Trade

Market Cap

All-Time High

All-Time Low

Fully Diluted Valuation

Circulating Supply

Total Supply

Max Supply

Categories

Similar Coins

ICO Date