Avalanche (AVAX)
Avalanche is a decentralized, open-source blockchain network that can support smart contracts and run decentralized applications. Founded by Dr. Emin Gun Sirer in 2019, the Avalanche blockchain differs from Ethereum as it offers higher energy efficiency and scalability. Avalanche is an EVM-compatible network that lets users deploy Ethereum smart contracts on its network.
AVAX is the native cryptocurrency of the Avalanche blockchain and is traded on the X-Chain, one of three blockchain networks that compose the ecosystem. AVAX serves as the utility token within the Avalanche ecosystem, being used to pay transaction fees on the X-Chain just like Ethereum users pay gas fees in ETH.
Disclaimer: The information on this page may come from third parties and does not necessarily reflect KuCoin’s views. It is provided for general reference only and should not be interpreted as financial or investment advice.
Virtual asset investments may involve risk. Please carefully assess the product risks and your own risk tolerance. For more information, please refer to our Terms of Use and Risk Disclosure.