Avalanche (AVAX): An Innovative Consensus Protocol in DeFi

With the rising interest in cryptocurrency, there’s a race to make the most feature-rich blockchain. As a result, some impressive platforms have emerged in the past few years. One of these is the Avalanche Network (native token: AVAX).

Avalanche is an open-source platform for decentralized applications and financial primitives. Its developers aim to steer the market toward decentralized finance and build new foundations in the field.

How did the Avalanche network begin — and should you invest in it? Below, we discuss the Avalanche Foundation and AVAX in detail.

What Is Avalanche Crypto?

Avalanche is a decentralized platform that allows anyone to produce decentralized applications and multi-functional blockchains. Ava Labs designed this platform to minimize certain limitations of some of the “older” blockchains.