DeFi 10121 September 2021

Avalanche Explained

Avalanche

Summary

  • Avalanche offers compatibility with the Ethereum Virtual Machine.
  • Avalanche activity has soared in recent months, particularly in the DeFi space.
  • Avalanche is EVM compatible
  • Avalanche ballows developers to port decentralized applications

Avalanche is one of the fastest-growing layer-1 POS (proof of stake) smart contracts and blockchain platforms. One factor that sets it apart is its ability to reduce latency block times of as short as a second. Avalanche is a high-performance platform that Is fully compatible with the EVM (Ethereum Virtual Machine). This makes Avalanche one of the leading layer-1 blockchains in terms of improved user experience.

Avalanche can achieve up to 4500 transactions throughput per second as a scalable blockchain while maintaining its decentralized nature.

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