Avalanche is an open source smart contract platform to launch decentralized finance (DeFi) applications and enterprise blockchain deployments with a scalable infrastructure that can interoperate with different blockchains.

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The Avalanche network validates transactions in under 1 second, supports the entire Ethereum development kit, and enables millions of independent validators to participate as full block producers. 

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AVAX is the Avalanche network's own cryptocurrency. It is possible to buy AVAX while buying TRYB on Avalanche.

It has the following uses:

• Peer-to-peer asset transfers 
• Securing the Avalanche network
• Processing fee
• Use it to create new subnets and chains

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