The Avalanche network confirms transactions in under 1 second, supports the entire Ethereum development kit and enables millions of independent validators to participate as full block producers due to its unique architecture.
Avalanche has two consensus engines at launch:
AVAX, the native token of Avalanche, is used for:
Peer-to-Peer (P2P) value transfer.
Staking and securing the network.
Pays for operations, computation and storage.
Creation of new blockchains and subnetworks.