What Is Avalanche (AVAX) Protocol?

Avalanche (AVAX) is a protocol for creating decentralized networks, allowing for creating and managing multiple independent subnets, called "virtual chains," on a single underlying blockchain infrastructure. This enables the creation of customized blockchains optimized for specific use cases, such as finance, gaming, and social media. Some of the unique features of Avalanche include: High scalability and low latency: Avalanche can process thousands of transactions per second and confirm them in under a second. Interoperability: Avalanche allows for the creation of…