Avalanche Price (AVAX INR)

About Avalanche

Avalanche or AVAX is a smart contract-capable blockchain platform focussed on transaction speed, low costs, and sustainability. Avalanche's ultimate target is to deliver is a highly scalable blockchain that doesn’t sacrifice decentralisation or security.

Launched in 2020 by the Ava Labs team, Avalanche quickly ascended the cryptocurrency rankings and with a transactional throughput of more than 4,500 transactions per second (tps), the blockchain performs phenomenally faster than Bitcoin (7tps), Ethereum (14tps), and Polkadot (1,500tps).

In terms of transactional finality, Avalanche (less than 2 seconds) leads as compared to Bitcoin (60 minutes), Ethereum (6 minutes), and Polkadot (60 seconds). AVAX is Avalanche's native token, and it can be used for staking, paying fees, and providing a unit of account between the multiple subnetworks created on Avalanche.