Avalanche is an open source blockchain that enables the development of Smart Contracts and Decentralized Applications (DApps).
Since its launch in 2020, it has had an exponential growth in terms of number of users and projects being developed on it.
Its native token, AVAX, is one of the most valued cryptocurrencies today and has multiple functions within the platform. It functions as a means of reward for network users.
Avalanche uses a Proof-of-stake (PoS) consensus protocol that rewards participants for staking their tokens.