In this video we are going to discuss the basics of the Avalanche cryptocurrency. As many of you have probably heard in the crypto world, AVAX is one of the top competitors in terms of being the future blockchain with lower fees, faster transaction speeds, and more decentralized applications built into their universe.

Make sure you stay tuned until the end as I take you through the entire ecosystem so you can get a better understanding of what Avalanche is and what it is capable of in the future.

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I'm big into cryptocurrencies and blockchain and Avalanche is one I've personally invested in. I believe it has high growth potential and is safe, but that's just my opinion. My recommendations are just a suggestion for further research. I encourage you to do your own due diligence on any cryptocurrency and make an informed decision for yourselves.

From fundamentals like tokenomics and deflationary assets to technical issues like market cap and total supply, there are a lot of things new investors in the crypto game need to know. If you want to know more about a solid cryptocurrency in 2022, how it works and how to invest, this video is for you.

There are so many growth opportunities in the crypto and blockchain industry, and we have seen so much influence from the decentralized market in the past year. Many companies and even countries are beginning to realize the power of a decentralized form of money, and billions are being spent on new projects and applications to make the cryptocurrency universe much more expansive and optimized.

I hope you get a lot of value out of this video. Comment below if you are considering investing in crypto or which cryptocurrency you invest in! I'm so glad I invested in crypto back then. If you have questions about how to get started, check out my other videos.

How to Invest in Crypto for Beginners 2021 [FREE COURSE]:
https://www.youtube.com/watch?v=iFIqffaaSH8

Have a great day! Don't forget to like and subscribe for more videos like this 🙂

-Charlie

Timeline:

0:00 – Introduction
0:30 – What this video will cover
0:38 – What is avalanche?
1:19 – Avalanche website overview
1:40 – Avalanche CoinMarketCap Overview
3:07 – History of the consensus
3:39 – Classic consensus protocols
4:11 – Nakamoto consensus protocol
4:39 – Avalanche consensus protocol
4:58 – How Avalanche Consensus works
5:59 – Timeline of avalanche consensus trades
6:36 – Benefits of Avalanche Consensus
7:06 – Transaction speeds
7:51 – Comparisons
8:26 – The Snowman Protocol
9:01 – The avalanche network
9:14 – Network infrastructure
9:38 – Network visually
10:05 – The X Chain
10:35 – The P chain
11:09 – The C chain
11:41 – Subnetworks
12:07 – Subnet use cases
12:16 – Avalanche usage scenarios
12:20 – Decentralized applications and subnets
12:37 – Tokenomics
13:14 – Trader Joe
13:28 – Why is the price of AVAX going up?
14:15 – The future price of AVAX
14:43 – News and updates
14:58 – Cook Finance
15:02 – $18.5 million in seed funding
15:15 – 10th most valuable coin
15:30 – How to buy AVAX
17:15 – Outro

Disclaimer: Some of the links above may be affiliate links, meaning if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps support our channel and keep our videos free. Thank you!

Furthermore, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Do your own due diligence before making any financial decisions.

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