AVAX is the native token of the Avalanche blockchain, which uses smart contracts to support a variety of blockchain projects.
Avalanche is open-source platform for decentralized applications and enterprise blockchain developments built in one interoperable, highly scalable ecosystem. Being the fastest smart contract platform in the blockchain industry, their near instant transaction finality is built to scale for global finance.
Avalanche sets itself apart from other decentralized networks with its consensus model. They employ strong safety guarantees, quick finality, and high throughput without compromising decentralization.
Founded in 2018 by Cornell professor and computer scientist, Emin Gun Sirer, Avalanche is built by Ava Labs, a for profit software company based in the United States.
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