What Is Avalanche?  A Look at the Popular ‘Ethereum-Killer’ Blockchain

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Avalanche is a blockchain that promises to combine scaling capabilities and quick confirmation times through its Avalanche Consensus Protocol

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It can process 4,500 TPS (transactions per second). For Ethereum, that number is 14 TPS.

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Avalanche’s native token, AVAX, is the 10th-largest with a market cap of $33 billion as of this writing in March 2022, according to data from CoinDesk.

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Avalanche went live in September 2020 and has since become one of the largest blockchains.

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It has over $11 billion total value locked in its protocol, according to data from Defi Llama, making it the fourth-largest DeFi-supporting blockchain after Terra and Binance Smart Chain.

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Avalanche’s thriving DeFi ecosystem contains some of the protocols from Ethereum, such as the lending protocol Aave and decentralized exchange protocol SushiSwap

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How does Avalanche work?

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In Avalanche, that role is fulfilled by the Avalanche Consensus Protocol, which was first proposed in 2018 by a pseudonymous group called Team Rocket – a precursor to Ava Labs.

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It’s also easy to bridge crypto from other chains into Avalanche, simply by connecting your DeFi wallet to a bridge protocol like Hop Exchange and following the instructions

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