Avalanche (AVAX) is a groundbreaking blockchain platform launched in 2020. It employs a unique proof-of-stake consensus mechanism, known as the Snowball protocol, which enables it to achieve fast transaction speeds with minimal energy consumption. Avalanche's innovative architecture allows for the seamless creation of decentralized applications, known as subnets, which operate independently with their own validators. This scalability makes Avalanche an ideal platform for building complex and high-throughput applications. Additionally, AVAX, the native token of the network, facilitates transactions and enables staking rewards. It is highly compatible with other cryptocurrencies, making it easy to convert to and from AVAX, further enhancing its accessibility and versatility.