Avalanche (C-Chain) (AVAX-CCHAIN)
Max Supply: 0
Circulation: 311,582,142.741
Market Cap: $12,751,187,609
Listing Date:
1662941768720
Network:
Avalance C-Chain Network
Asset Type:
Coin
Links
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This is a child asset of:
Avalanche AVAX
View parent asset information for additional details such as market information.
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Market Cap: $2.14K $0.0000000017
Market Cap: $660K $0.000245
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About Avalanche (C-Chain)
AVAX is a utility token issued by the decentralized cryptocurrency platform Avalanche in 2020. Avalanche is a groundbreaking decentralized consensus protocol sometimes abbreviated as AVA. Avalanche became the first smart contracts platform with the capability to confirm transactions in less than a second. The protocol is able to support the Ethereum development kit fully and enable millions of full block producers. The project attracted much attention in connection with the major problem of the Ethereum blockchain which is the speed of transactions. The popularity of the network is so high that a large number of transactions entail its frequent clogging. The speed of transactions processing offered by Avalanche is similar to Visa as it’s capable of processing 4500 TPS (some resources claim that this number equals 6500), while Ethereum is able to process 19 transactions a second only.
The development of the project was initiated by the AVA Labs team. John Wu, President of Ava Labs, considers that the project has a great impact on the institutional finance and the DeFi sphere.
The development of the project was initiated by the AVA Labs team. John Wu, President of Ava Labs, considers that the project has a great impact on the institutional finance and the DeFi sphere.
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