Avalanche is an open-source blockchain ecosystem created for building decentralized applications that are interoperable and highly scalable.
It has a unique powerful consensus mechanism, and it’s capable of processing up to 4,500 transactions per second.
The speed of transactions makes it near instant and enables it to undertake financial transactions on a global scale.
The Avalanche blockchain was created and developed AVA Labs, which was founded by Emin Gun Sirer
The unique capabilities of the blockchain captured interest and it raised $42 million in its ICO in July 2020.
AVAX is currently in an overall bullish trend, with the market undergoing a correction phase. This correction phase is characterized by the Break Of Structure (BOS) formation following the CHoCH (change of character), indicating a bullish structure. Additionally, there is evidence of a strong bullish sentiment as reflected by the formation of a large bullish candle from the bullish Order Block (OB).
It has a unique powerful consensus mechanism, and it’s capable of processing up to 4,500 transactions per second.
The speed of transactions makes it near instant and enables it to undertake financial transactions on a global scale.
The Avalanche blockchain was created and developed AVA Labs, which was founded by Emin Gun Sirer
The unique capabilities of the blockchain captured interest and it raised $42 million in its ICO in July 2020.
AVAX is currently in an overall bullish trend, with the market undergoing a correction phase. This correction phase is characterized by the Break Of Structure (BOS) formation following the CHoCH (change of character), indicating a bullish structure. Additionally, there is evidence of a strong bullish sentiment as reflected by the formation of a large bullish candle from the bullish Order Block (OB).