Avalanche, often called Ava, is a decentralized smart contract platform that allows for transaction confirmations to be done in under one second, while maintaining low fees. Created by Emin Gün Sirer in June 2020, the platform has been used for launching decentralized finance (DeFi) apps, financial assets, trading and other services.
Its native token AVAX is used for various tasks within Ava and also functions as a reward and payment system for users, and has a maximum capped supply of 720,000,000 (720 million) tokens, with the first half made available upon its formation.
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