What is Avalanche?
Avalanche is a smart contract platform launched in 2020. Supported by Ava Labs, it aims to deliver a scalable blockchain solution while maintaining decentralization and security. Avalanche supports smart contracts to run decentralized applications (dApps) on its network and integrates a number of decentralized finance ecosystems. It scales horizontally through a unique architecture called Subnets, which enables the network to expand without a cap on transaction throughput.
What is AVAX?
AVAX is the native token of Avalanche and is used to power transactions in its ecosystem. The token serves as the means to distribute system rewards, participate in governance, and facilitate transactions on the network by paying fees. AVAX has a maximum supply capped at 720 million