Definition
Avalanche is a blockchain platform and its native cryptocurrency (AVAX) designed for creating and running decentralized applications and custom blockchains. It is an independent network with its own rules, validators, and token economics. As a protocol and asset, Avalanche provides the base layer where projects can launch tokens, smart contracts, and other blockchain-based systems within its ecosystem.
In Simple Terms
Avalanche is a blockchain network and a digital coin called AVAX. It is its own crypto platform, separate from Bitcoin or Ethereum, where people can build blockchain-based projects. The AVAX token belongs to this network and is closely tied to how the Avalanche ecosystem is set up and organized.
Context and Usage
Avalanche is commonly mentioned when discussing alternative layer-1 blockchains and their native coins. It appears in conversations about smart contract platforms, blockchain ecosystems, and comparisons among major networks. The term may refer either to the overall protocol or specifically to the AVAX token, depending on whether the focus is on the network itself or its cryptocurrency.