Avalanche is an open, programmable smart contracts platform for decentralized applications.
3 Main Functionalities Of Avalanche
Build fast, low cost, Solidity-compatible dApps Launch Ethereum dApps that confirm transactions instantly and process thousands of transactions per second, far beyond any decentralized blockchain platform today. Launch customized blockchains, private & public Deploy blockchains that fit your own application needs. Build your own virtual machine and dictate exactly how the blockchain should operate. Scale to millions of validators with minimal hardware Stake, or lock up, your AVAX to help process transactions and further secure the platform–providing security guarantees well-above the 51% standard. You probably have the hardware required to join the platform.
3 main Advantages
Lowest costs to deploy contracts Deploying smart contracts on Avalanche cost just a tenth of what they cost on Ethereum. High gas fees, front-running, and other adverse effects of slow smart contract blockchains are now a thing of the past.
Flexible, composable VMs Avalanche Virtual Machines (VMs) enable developers to easily launch blockchains with a wide array of application-specific features. The Ethereum Virtual Machine is fully running on Avalanche with more VMs to come. Easily transfer existing Ethereum assets Interoperability of blockchains is the future. The Avalanche Bridge (AB) enables easy transfers of Avalanche and Ethereum assets between blockchains.
Compared to Other Blockchains.
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