Convert AVAX to USD

What is the Avalanche network and how does the AVAX blockchain work? Avalanche a first-level blockchain. It is called the main competitor to Ethereum, with the potential to displace it from the market. Its main advantage is high transaction performance. Its architecture ensures the token's operability. Avalanche is working on a network consisting of nodes that control transactions:

• X-Chain — an exchange chain created for asset implementation. It is used for sending and receiving credits and uses a directed acyclic graph (DAG).
• P-Chain — coordinates crypto validators and controls the creation of subnets. Thanks to this chain, users become validators and can delay receiving bonuses.
• C-Chain — responsible for working with smart contracts. The creators have implemented a virtual system here that creates DApp applications that easily integrate with EVM and work on the principle of the Snowman mechanism.

All described networks have protection, and one subnet checks each blockchain. At the same time, each subnet can analyze several operations at once. The ecosystem is based on the principle of mutual choice when users independently create systems that correspond to requests.

The transaction speed on the platform is 4.5 thousand per second. Such speed allows for a base that includes several blockchains. The system supports different standards. Each investor has the opportunity to develop assets and buy and sell tokens. The system is based on several smart contract types, security, and decentralization. Analysts call Avalanche a competitor to Ethereum. The latter requires several protocols to conduct transactions. At the same time, the number of operations that AVAX can process simultaneously is much higher. This reduces the commission charged for each transaction. The development of three compatible blockchains for task separation guarantees high throughput. Interaction with blockchains that want to join Avalanche is possible without any problems.

AVAX has an emission of 720 million tokens. Investors have various options for using the token. Users can engage in staking by holding the currency, which gives them the right to become validators. The profitability can exceed 10% per year. It is convenient to use the function of setting your commission from the bonus amount and withholding it from partners. AVAX is the single currency indispensable for accounting income in subnets and charging fees for a monthly subscription. Over the past two years, the coin has become popular and has grown in price. 

In the winter of 2021, there was a record increase in the exchange rate by 30%. You can buy or convert AVAX on Gate.io, Bitfinex, Binance, and KuCoin.

Compared to other crypto assets, Avalanche stands out for its transaction speed, low commission fees, vast range of transactions, and personal protocols. Experts believe that AVAX could become a strong competitor to Ethereum if developers work on improving and developing the project. The platform's community is constantly growing, with Twitter already having 258,000 users.

The global community does not rule out the possibility of a sharp increase in the asset.