The Avalanche Network is an open-source platform for launching new Decentralised Finance (DeFi) applications, new financial primitives and financial assets, and new interoperable, enterprise blockchains deployed in a highly scalable ecosystem. A product of Ava Labs, Avalanche aims to democratise financial markets and bring all blockchain platforms together into a single, interoperable ecosystem. The Avalanche Network’s unique architecture enables independent validators to participate as full block producers and supports the entire Ethereum development kit. The Avalanche Network seeks to be the internet of blockchains, smart assets, reactive Decentralised Applications (dApps), and Peer-to-Peer (P2P) payments. Avalanche allows users to launch fully-customized public and private blockchains, create and trade digital assets, and build scalable smart contracts and dApps. AVAX is the native token of the Avalanche Network. AVAX is used for a variety of network functions, including staking, securing the network, creating new blockchains and subnetworks, and P2P value transferring. AVAX is also used as payment for computation, smart contract execution, storage, and other network operations.