AVAX
Native token of the Avalanche network, designed for speed and interoperability.
Beginner-friendly explanation
AVAX is the main cryptocurrency of the Avalanche network. It is used to pay transaction fees and secure the network. Example: When you send a token on Avalanche, you pay fees in AVAX.
Intermediate-level insight
Avalanche uses a multi-chain architecture (X-Chain, C-Chain, P-Chain) to optimize speed and blockchain customization. AVAX is used for transaction validation and staking. Example: A validator must lock AVAX to validate blocks on the C-Chain.
Advanced perspective
Avalanche combines an optimized Snowman consensus and ultra-fast finalization (< 2 seconds). AVAX is essential for creating custom subnets, paving the way for modular finance. Example: A gaming project creates its own subnet on Avalanche using AVAX as a security token.
Cryptocurrencies & Tokens
AVAX, Avalanche, fast blockchain, staking, subnet, Snowman, C-Chain, validation, transaction