AVAX to EUR

What is Avalanche coin (AVAX)?

AVAX runs on its blockchain technology. It can handle other blockchain and cryptocurrency on its network. AVAX is known as a native cryptocurrency and uses in a transaction on avalanche.

Avalanch is unique among others because it is the only Defi platform that handles transactions very fast. It completes the transaction in a second, and you can also earn incentives by staking it.

 

How Many Avalanche (AVAX) Coins Are There In Circulation?

Here, More than 360 million tokens of AVAX has been in circulation right now out of 720 million tokens. The current market cap of AVAX is 2.03 billion. The recent 24h transactions count is more than 308.44 million. The stacking ratio of AVAX comes under 70% till now, but it may increase soon in the coming future. According to the AVA lab, AVAX deals 4500 transactions in a second, taking less than a second. It is huge-compared to nearby 7 tx/sec for Bitcoin and 14 tx/sec for Ethereum. 

 

How Is the Avalanche Network Secured?

Avalanche is coming under the proof-of-stack(POS) protocol, where users get rewards by stacking their coins. POS network is very secure, and the attack ratio is significantly less.

 

How does Avalanche (AVAX) work?

Avalanch comes under one of the trustable digital currencies in the queue of trustable coins. AVAX is a combination of a total of three blockchain technology: (X-chain), The Exchange Chain, (C-Chain) Contract Chain, (P-Chain) Platform Chain.

Here, X-chain uses to create new digital assets. C-Chain is considered an implementation of avalanche's Ethereum Virtual Machine (EVM) and P-Chain to coordinate validators and create subnets. 

The P-Chain and C-Chain are safe and secured by the optimised chain 'Snowman' consensus, enabling high throughput and ensuring a smart contract. On another side, X-Chain secured by the DAG-optimized 'Avalanche', a secure and stable protocol with speedy transactions.

After dividing the architecture across the three blockchain technologies, there are some benefits, such as increased transaction speed, flexibility, and security, without affecting trades. 

The above-described improvements and functionalities will build a powerful platform for both public and enterprise use cases. Developers can face more flexibility while they make any application.

AVAX, a native token for the Avalanche ecosystem, is used to pay network fees, staking, and provide the account's unit between the subnet of an avalanche.

 

How and Where to Buy Avalanche (AVAX)?

AVAX has gained its place on many top exchanges, and it is an open-source exchangeable token. 

It has been listed on many well-known crypto exchanges, but here, you can not purchase with your fiat currencies. It is an easy process to buy AVAX. First, you may buy different top-rated cryptos like ETH, USDT, USD, and any other stable crypto from the exchanges which accept your fiat currency. After purchasing it, you can buy AVAX from any crypto exchange and start your investment and trade. 

 

It is a stress-free process to buy crypto from the top exchanges because you do not have to worry about your crypto there. Some of them, we are listing down here.

• Binance
• WazirX
• CoinEx
• OKCoin
• Hotbit
• Hoo
• OKEx
• Huobi Global