Avalanche (AVAX): Avalanche is a decentralized platform designed to launch custom blockchain networks and decentralized applications (dApps). With its innovative consensus mechanism, Avalanche aims to provide high throughput, low latency, and scalability to support a wide range of applications, including decentralized finance (DeFi), gaming, and enterprise solutions. As the native token of the Avalanche platform, AVAX serves multiple purposes, including network security, governance, and transaction fees. AVAX holders can participate in the governance of the Avalanche network by staking their tokens and voting on proposed protocol upgrades and changes. Additionally, AVAX can be used to pay for transaction fees, deploy smart contracts, and participate in decentralized finance (DeFi) protocols and applications built on the Avalanche platform.
