The scale of the digital asset industry is mind-boggling. The total number of cryptocurrency projects is estimated at about 13 thousand, and the capitalization of the cryptocurrency market in November 2021 reached 3 trillion. Given the huge variety of projects, one of the key problems is their fragmentation.
It is quite logical that the idea of combining separate platforms into a single financial system that was in the air should have been embodied in technical solutions. One of them, and quite successful, is the Avalanche blockchain platform, launched in the fall of 2020.
Features of the Avalanche project
Technically, the platform can be thought of as Blockchain 3.0. Its structure has three components: a chain, a contract chain and an exchange chain.
- P-Chain is responsible for security
- С-Chain is designed to host smart contracts.
- X-Chain provides the ability to operate with existing digital assets and assets of various types (stablecoins, fungible tokens, shares, etc.).
The differentiation of platform components by functionality made it possible to increase the speed and overall efficiency of the system. The Avalanche platform is very convenient for deploying a white label crypto exchange and there are already several implemented projects on the market. In particular, this is the Pangolin DEX crypto exchange. In addition, any applications created on the basis of Ethereum can be transferred to Avalanche using С-Chain.
For settlements within the Avalanche ecosystem, the native AVAX token is used. It is based on the PoS algorithm. This algorithm is less energy intensive compared to PoW. Also, the use of PoS provides a large system bandwidth.
During its existence, AVAX has been using rapid growth and entered the TOP-20 cryptocurrencies. The current capitalization is more than $ 22 million and the coin is called among the most promising for investment.
How to exchange ETH to AVAX
AVAX is listed on many of the leading cryptocurrency exchanges. In particular, the AVAX / ETH trading pair includes Binance, Hyobi Global, Okex, Gate.io. You can also ETH to AVAX exchange on C2C platforms, also known as instant exchange services, in particular, LetsExchange.
Among the undoubted advantages of C2C platforms are a high level of transaction confidentiality, high transaction speed and maximum security.
To access the platform’s functionality, you do not need to create an account or any documents and proof of identity. For the convenience of users, the exchange widget is available from any page. You only need to fill in its fields:
- In the upper field select or enter ETH for sale, indicate the amount of coins.
- In the lower field, select AVAX in the same way.
- Enter your wallet address.
- Deposit coins.
- Click the “Exchange” button.
The Smart Rate system will check all available offers and choose the best deal for you. After confirming the exchange request, the transaction is completed and the coins are automatically credited to your wallet.
You do not need to look for a suitable platform, waste time on registration, learn a new interface and pay exchange fees. The exchange for LetsExchange takes a matter of seconds and exchange commissions are performed.