Avalanche (AVAX)
What is Avalanche?
Here are five key points about the Avalanche blockchain:
High throughput: Avalanche can process thousands of transactions per second using its unique consensus protocol, designed for speed and scalability.
Subnets: Developers can launch customised blockchains called subnets, each with its own rules, validator sets, and applications.
Near-instant finality: Transactions on Avalanche confirm within seconds, making it one of the fastest layer-1 networks.
Interoperability: Through the Avalanche Bridge, users can transfer assets between Avalanche and other blockchains such as Ethereum.
Native token: AVAX is the network’s currency, used to pay transaction fees, secure the network, and participate in governance.
Tip: Learn more in our guide: What is the Avalanche blockchain?
Avalanche on Wraith Wallet
Wraith Wallet supports Avalanche with the following features:
Buy AVAX with debit or credit cards.
Securely store AVAX and ERC-20 tokens.
Send and receive AVAX and ERC-20 tokens.
Swap AVAX with ERC-20 tokens directly.
What are Avalanche ERC-20 tokens?
ERC-20 tokens on Avalanche are deployed on the C-Chain, which is fully compatible with Ethereum’s EVM.
This compatibility allows tokens and dApps from Ethereum to work seamlessly on Avalanche.
Users benefit from faster speeds and lower fees compared to Ethereum mainnet.
How to get AVAX
You can acquire Avalanche (AVAX) in Wraith Wallet by:
Buying directly through the app.
Receiving AVAX at your unique Avalanche address.
Swapping ERC-20 tokens to AVAX (requires some AVAX in your wallet to pay gas fees).
Transaction fees on Avalanche
All transactions are paid in AVAX.
Fees are typically lower than Ethereum, with a dynamic mechanism adjusting costs based on demand.
A portion of every fee is burned, permanently reducing the circulating supply of AVAX.
Tip: Current gas fees can be checked on Snowtrace, Avalanche’s default explorer.
Checking your AVAX balance
Wraith Wallet automatically shows your AVAX balance.
To verify, tap the three dots and select View address on Snowtrace.
Snowtrace is Wraith Wallet’s default block explorer for Avalanche.
Why use Wraith Wallet for Avalanche?
Fast and flexible: Manage AVAX and tokens easily with low fees and near-instant confirmation times.
Secure: Your AVAX stays under your control in a self-custodial wallet.
Compatible: Access Ethereum-based assets and dApps via Avalanche’s EVM-compatible C-Chain.
Conclusion Avalanche combines scalability, flexibility, and interoperability, making it a leading platform for decentralised applications and finance. With Wraith Wallet, you can securely manage AVAX, explore subnets, and interact with the broader Avalanche ecosystem.
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