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Avalanche (AVAX) Review (9.33/10⭐)

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Avalanche is a new cryptocurrency that somehow differs from Ethereum in terms of operations. Its launch was in 2020, but it still manages to attract many investors to its site. Unlike ETH, Avalanche does not get the benefits of early movers. However, it makes up for this through plenty of technical innovations that it facilitates. Since ETH uses the Proof of Work system, AVAX uses Proof of Stake to validate transactions. Avalanche allows 321 times more transactions per second compared to Ethereum, which could help increase demand for its native token.
AVAX/USD (13.43%)
November 10, 2023, 9:44 pm [UTC]

Visitor Consensus on Avalanche Today
Positive: 53.13%Negative: 46.87%
What's your view on Avalanche today?
›› Buy/Sell Avalanche here


Avalanche is a smart contract that exists in the blockchain industry and has been in development by one of the founders and clients under Ebbe Altberg, the CEO of Linden Lab. They have released a video demoing their Alpha version, which is still being designed to work with Ethereum's Virtual Machine (EVM). It is not clear if they are going to use Ether or another cryptocurrency as their medium of exchange. According to the video, they make use of a new programming language for Solidity, which is called Viper and has been recently released by Vitalik Buterin. In short, Avalanche is super quick, low cost, & eco-friendly. CryptoLists.com would not be surprised if AVAX take market share in 2022 from other competitors.


A Bit About Avalanche

What Blockchain does Avalanche use?

AVAX uses a blockchain technology called triple-blockchain design. They are as follows: Contact chain (C-Chain) enables the creation of decentralized apps based on smart contracts. Exchange Chain (X-Chain). It creates and trades the traditional AVAX tokens. Platform Chain (P-Chain) makes coordination with validators who verify transactions and create dynamic sets of these validators known as subnets. This blockchain design enables AVAX to process over 4,500 transactions in a second and still maintain a large scale. In return, AVAX can make many positive returns, thus making it more adaptable to investors in the market. The cryptocurrency already has a disaster recovery platform built on its blockchain. This platform enables the local and state governments to prove eligibility, therefore, receiving funding from the federal in times of emergencies.

Fast, Low Cost, & Eco-Friendly blockchain.CryptoLists.com

In the last months, Avalanche has been able to 34x of return to its early buyers. This is possible because Avalanche uses triple-Blockchain technology architecture. Even though Avalanche is a new cryptocurrency in the digital market, it already has a market cap of $300 million. If you compare it to other cryptocurrencies that have been in the market for a longer time, this is quite impressive. Currently, it has a market cap of over $27 billion, giving it a higher rank of number 1 among the biggest currencies in the entire world according to the CoinMarketCap.However, as an investor, you must be concerned about whether you will manage to make such big returns in a short period. Here, you will know whether it is reliable crypto to invest in or not. Read more to find out.


Utility of Avalanche?

It is a self-correcting smart contract that uses the voting mechanism to solve any disputes that might occur. This ensures trust among all parties for an immutable and censorship-resistant system of record.

The decentralized nature of Avalanche means it will work without depending on centralized exchanges such as Coinbase or Gemini. The issue with centralized exchanges is that they can go offline during times of heavy use or government regulation of cryptocurrency. Avalanche will provide a decentralized alternative to the centralized exchanges of today.

Avalanche plans on integrating with the InterPlanetary File System (IPFS), which is an idea that has been around for several years now but never had traction until recently when it was announced that decentralized storage would one day be possible on the blockchain.

Avalanche Price details

AVAXC Contract address: FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z
›› Details & Tokenomics

Very speculative and theoretical potential data
Last updated: November 10, 2023, 9:44 pm
›› AVAX tokenomics and social media

Advantages of Avalanche

+ Only 35 Bytes/ transaction.
+ They already have lots of industry partners.
+ 4500 Transactions/second.
+ Limited Blockchain Bloat.


- No wallet available.
- No product yet.
- Limited customer support.
- Not very clear or developed blockchain that people are aware about.


▪ Rated at 10/10

Avalanche is designed to avoid the costs that come with blockchain bloat. AVAX stands out with really low gas fees and transactions costs compared to Ethereum, even if Polygon have even lower costs.

An Avalanche transaction consists of a single OP_RETURN transaction output, which only takes up 35 bytes. This compares to an average Ethereum transaction today, which can consist of more than 803660 bytes (according to Etherscan).

According to the developers, this allows a throughput of a whopping 100 transactions per second, which would allow Ethereum to handle a capacity comparable to Visa's network. You'll pay a fee of 5% of the total value when transferring assets worth $20 or less. If the value is more than $20, then your fee will be $1.


Reputation and Buzz

▪ Reputation rated at 9/10
▪ Buzz rated at 9/10

With such high throughput and low cost, you'll be getting the best bang for your buck ever. This is sure to make it one of the most popular cryptocurrencies in the market today. They have already received some hype and buzz within the industry because of their client list under Ebbe Altberg, including Facebook, Unity 3D, and IBM.

Ebbe Altberg is also one of the most experienced individuals in the industry with 30 years of experience managing, designing, and building virtual worlds for numerous companies such as Microsoft, Disney, and Linden Lab. They also have a strong and capable team working under them, including Jama Jurabaev (Senior 3D Artist), who has worked on movies like Spiderman and Transformers; George Choi (Software Engineer), helped design the IBM Watson Natural Language Processing service; and Oleg Boyko (Scala Developer).



How long does a bridge transfer take?

It should take roughly 10-15 minutes for an ETH transaction. On the other hand, an Avalanche transaction should only last a few seconds.

Can I send ETH or BTC across the bridge?

AVAX bridge currently does not support the native BTC and ETH. However, you can wrap the versions of these two asserts across the bridge.

What are the triple-blockchain architecture that AVAX uses?

Contact chain (C-Chain) enables decentralized apps based on smart contracts.
Exchange Chain (X-Chain). It creates and trades the traditional AVAX tokens
Platform Chain(P-Chain) makes coordination with validators who verify transactions and create dynamic sets of these validators known as subnets.

›› Trade Avalanche here›› Buy/Sell Avalanche here

Screenshots from Avalanche

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More sites where to buy/sell/trade Avalanche

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
›› Buy Avalanche at CEX
Remember to never risk money that you can not afford to loose. Crypto currencies is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Avalanche details and tokenomics

Avalanche Ticker: AVAX
AVAXC Contract address: FvwEAhmxKfeiG8SnEvq42hc6whRyY3EFYAvebMqDNDGCgxN5Z
BSC Contract address: 0x1ce0c2827e2ef14d5c4f29a091d735a204794041
MOON Contract address: 0x4792c1ecb969b036eb51330c63bd27899a13d84e
Type of crypto: avalanche-token
Launch/ICO Date: May 1, 2020
Date for the end of ICO: June 15, 2020
Resources & Social media
πŸ”—Blockchain URL: https://avascan.info

Other tokens or coins to check out

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Avalanche Newsflash
    Is an Avalanche (AVAX) rally on the cards? Is an Avalanche (AVAX) rally on the cards?
    Friday, 6 Jan 2023 8:25 am
    That's right folks, an Avalanche coin (AVAX) rally could be set to occur due to positive moves from a particular decentralized exchange - Trader Joe. This platform is built and runs on the Avalanche blockchain, and the greater the number of transactions on the DEX, the more liquidity flows into the network. The coin has been on a steady downward trend since April 2022, which is roughly inline with the rest of the crypto market...
    Read the full newsflash

    DeFi and environmental innovation continues for AVAXDeFi and environmental innovation continues for AVAX
    Friday, 11 Nov 2022 2:52 pm
    In exciting news for fans of the Avalanche blockchain, the network has announced another partner (GMX) to their Rush program. Avalanche Rush is aΒ  liquidity mining initiative that brought the largest and most foundational DeFi protocols to Avalanche. The company has also announced a scheme with Bye Bye Plastic. The move will see them minimize single-use plastic from their upcoming events to solidify their status as a greener crypto firm. You can trade Avalanche's native coin AVAXon a decentralized exchange by signing up for Biswap here...
    Read the full newsflash

    Why NFTs mean Avalanche's future looks brightWhy NFTs mean Avalanche's future looks bright
    Tuesday, 25 Oct 2022 9:42 am
    In interesting news for AVAX fans, the Avalanche network behind the coin have announced expanded support for multiple NFT platforms. Being able to buy or sell across multiple platforms using Avalanche means the network can tap into more NFT volumes, and it might achieve higher demand for AVAX as a payment medium. AVAX’s short-term outlook suggests a significant probability of crossing above the $17 price level in the next few days. Want to start investing in AVAX? Sign-up for Binance here...
    Read the full newsflash

    Avalanche + Multiverse = $290M incentiveAvalanche + Multiverse = $290M incentive
    Tuesday, 2 Aug 2022 11:49 am
    The Avalanche Foundation has launched its Multiverse accelerating the adoption of its subnet functionality. The $290 Million incentive program enables a prosperous ecosystem of scalable app-specific blockchains. The initial focus of the Avalanche network will be to support new ecosystems such as DeFi, NFTs, blockchain-enabled gaming, and institutional use cases. There will be DeFi kingdoms specific subnet with at least $15 Million of incentives in $AVAX and $CRYSTAL. Ava Labs is to collaborate with...
    Read the full newsflash

    A trending crypto market - Some of the winnersA trending crypto market - Some of the winners
    Friday, 20 May 2022 1:15 pm
    It is a nice and trending market today for most cryptocurrencies. Among the better crypto coins today, we find Bitcoin (BTC) that's up 4.1%, Ether (ETH) that's up 5.6%, Solana (SOL) +9.3%, Avalanche (AVAX) +13.2% while ATOM is up 18.5%. What are you trading today? For CFD traders looking for leverage, we recommend Skilling, while those looking for the lowest spread and best prices can try Kucoin...
    Read the full newsflash

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