We are taking a deeper look at the Avalanche ecosystem. The purpose of this tutorial is to give a general overview of Avalanche for new users to the Avalanche ecosystem. Learn more about the value of Avalanche blockchain.
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Guarda is the best place to hold and exchange Avalanche - trade, hold, and buy AVAX through our multicurrency crypto wallet for all platforms.Create AVAX Wallet
What is Avalanche?
Avalanche is a layer -1 blockchain that serves as a foundation for decentralized apps and custom blockchain networks. 'Ethereum Killer' is tagged to dethrone Ethereum as the most popular blockchain for smart contracts. It was created by Ava Labs to serve as a platform for developers to develop and launch their dApps. Avalanche is also a proof-of-stake (PoS) blockchain compatible with ETH.Avalanche Website
Avalanche has a primary network. The primary network comprises three blockchains or subnets that manage it.
The Exchange Chain (X-Chain) is used to create and exchange tokens.
The Contract (C-Chain) is a blockchain in which validators collaborate to establish and track subnets.
The Platform(P-Chain) is a perfect example of an Ethereum Virtual Machine (EVM). It helps create and deploy smart contracts.
Read our in-depth guide on AVAX
Features of Avalanche Network
- The network provides transaction output of up to 4,500 transactions per second while maintaining scalability.
- To validate the transaction and agree on a decision, a group of validators shares information.
How to use Avalanche (AVAX)
One of the most common uses of Avalanche online wallet is storage. Many people consider AVAX as a long-term investment, and Guarda Wallet is the right wallet for AVAX assets.
You can always exchange AVAX at the most favorable exchange rate. We offer a large number of trading pairs with a detailed interface to make it convenient for you to perform these actions in a few clicks.
Guarda allows you to send your AVAX assets to any address that supports Avalanche. With Guarda you can easily buy and send cryptocurrency wherever you need.
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Avalanche is an open, programmable smart contracts platform for decentralized applications.
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Learn more about Avalanche
You can read more detailed articles about Avalanche and blockchain as a whole in our Academy.
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