Avalanche Price (AVAX INR)

About Avalanche

Avalanche or AVAX is a smart contract-capable blockchain platform focussed on transaction speed, low costs, and sustainability. Avalanche's ultimate target is to deliver is a highly scalable blockchain that doesn’t sacrifice decentralisation or security.

Launched in 2020 by the Ava Labs team, Avalanche quickly ascended the cryptocurrency rankings and with a transactional throughput of more than 4,500 transactions per second (tps), the blockchain performs phenomenally faster than Bitcoin (7tps), Ethereum (14tps), and Polkadot (1,500tps).

In of transactional finality, Avalanche (less than 2 seconds) leads as compared to Bitcoin (60 minutes), Ethereum (6 minutes), and Polkadot (60 seconds). AVAX is Avalanche's native token, and it can be used for staking, paying fees, and providing a unit of between the multiple subnetworks created on Avalanche.