What Is The Price Of Avalanche?

Created by Ava Labs, the open, programmable smart contracts Avalanche platform is geared towards decentralized applications and custom blockchain networks. All the nodes on the AVAX consensus mechanism process and validate transactions, which leads to transactions being processed simultaneously. The AVAX network is made up of three separate blockchains (X-Chain, P-Chain, and C-Chain) which use varying consensus mechanisms. The X-Chain is used for fund transfers, P-Chain for staking and validating and C-Chain for smart contracts and DeFi applications. Together, the three chains aim to achieve decentralization at scale. As measured by time-to-finality, AVAX is the fastest smart contracts platform in blockchains and compared to BTC’s 7 TPS, AVAX’s subnets can support infinite TPS. Total supply of AVAX coins is capped at 720 million.