Deep Dive
1. Purpose and design
Avalanche is a layer 1 blockchain: a base network where developers can create applications, including decentralized finance services and games. It also lets teams launch customizable Avalanche networks, often called Avalanche L1s, with their own rules and validator arrangements. This can give applications more control over how their networks operate. (Avalanche overview)
2. AVAX’s role
AVAX is Avalanche’s native token. Users pay transaction fees with it, and validators stake AVAX—lock tokens to help secure the network and verify activity. The network’s C-Chain supports Ethereum-compatible smart contracts, which are programs that run on a blockchain. (Avalanche overview)
Conclusion
Avalanche is customizable blockchain infrastructure for apps and purpose-built networks, while AVAX pays for activity and helps secure the system. How well can its custom networks support applications with different needs?
