E&S: AVAX, Blazingly Fast, Low Cost
In the last E&S article I introduced you Avalanche (AVAX) and I said that Avalanche is a layer one blockchain, which can be used as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum's competitors and aims to replace Ethereum as the most popular smart contract blockchain. Its goal is to achieve this goal with a higher transaction output of up to 6,500 transactions per second without compromising scalability. Avalanche's unique architecture makes this possible.
Now let’s see some features of Avalanche.
The functioning of Avalanche is based on a complex, yet well-organized internal structure.
One of the main strengths is the so-called consensus protocol, which gives the possibility of guaranteeing a higher level of security and protection, while at the same time maintaining rapid transactions and exchanges, without going outside the schemes of a decentralized project. Contrary to other networks and ecosystems, essentially based on standard procedures, which standardize the internal system, Avalanche gives the possibility to structure solid applications, blockchain ad hoc, using specific adaptations for each individual project, purpose or use case.
In addition to the creation of specific blockchains, it is possible to focus on two additional aspects:
Creation of NFTs: (No Fungible Tokens). This is simply the possibility to take advantage of Avalanche technology to create your own personal NFT, through a system that has recently undergone further simplifications. Inside the official page of the network, the organization exposes a real guide (complete with source codes) to be able to proceed step by step. The presence in an industry that is now strongly developed, is certainly an aspect to keep in mind.
Creating different assets: Fixed-Cap Assets (particular assets with a fixed amount) and Variable Cap Assets (where the amount is variable). Also in this case, there are complete guides step by step.
What about AVAX token?