Avalanche (AVAX) Wallet

Download the Avalanche (AVAX) Wallet from Bitcoin.com. Buy, sell, trade, and use AVAX and other cryptocurrencies in one safe and simple, but powerful app.

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FAQ

What is Avalanche (AVAX)?

Avalanche is a blockchain platform capable of general purpose smart contract execution. It is a base layer, or layer 1 (L1), which can connect to sidechains and support layer 2 (L2) solutions. Avalanche calls sidechains and L2s subnets. Avalanche is seen as an alternative to the Ethereum network. These alternatives are often grouped together under the name “alt Layer 1s,” or alt L1s. Avalanche’s network features lower fees and faster transaction speeds than Ethereum’s. The Avalanche blockchain can reportedly process 4,500 transactions per second (depending on the subnet), a significant improvement over Ethereum’s less than 20. Avalanche’s native token is AVAX, which is used to secure the network and pay transaction fees.

How does Avalanche work?

Avalanche is a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud. It does this through generalized smart contracts. A generalized smart contract is a computer program that is stored and runs on a decentralized trustless network. On Avalanche, all transactions and all smart contract actions require a fee to be paid. This fee is called Gas on Avalanche. The more complex an action, the more gas must be paid. Gas fees are paid in AVAX.