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0.00%Avalanche is a new blockchain protocol with the hallmark of a unique consensus protocol. Previously known as Ava – Avalanche is the first Ethereum smart contract platform that is able to conduct blockchain confirmations in under one second.
AVAX boasts one of the more democratic approaches to token distributions, with less than 14% of mainnet tokens to be issued to private investors and up to 70% being allocated to the users building on the ecosystem.
Recently, Avalanche has also launched Ava Labs, an open source platform in the DeFi sector. Ava Labs looks to follow suits, and provide similar blockchain performance improvements in the rapidly growing crypto finance sector.
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