The Ethereum platform was created to develop and host decentralized applications. Using the capabilities of the network, you can decentralize any existing centralized systems and applications. This could be support for global logistics systems, loans, a medical database, or voting.
Ethereum platform capabilities
Smart contracts are created on the basis of the Ethereum blockchain. Today this technology represents an almost ideal solution for any contractual relationship.
A smart contract means a predetermined irreversible action that is performed automatically as soon as all the conditions necessary to complete the action are met. After placing a smart contract on the blockchain, any outside interference becomes technically impossible.
When building applications on a pure blockchain, developers often face limited functionality. Another common problem is code incompatibility. To address these issues, virtual machine technology (EVM) was developed and implemented.
A well-thought-out technological base ensured the success of the project in general and its native cryptocurrency in particular. Ether consistently ranks second in almost all ratings and the cryptocurrency exchange rate is second only to Bitcoin.
What makes Avalanche different
As demand for the platform’s services increased, problems began to arise with its bandwidth and speed. Accordingly, new projects for smart contracts began to appear, surpassing the capabilities of Ethereum for individual indicators. In the fall of 2020, the Avalanche platform was added to the list of “potential killers” of Ethereum. It supports all the same tools as Ethereum, but is faster. The undoubted advantages of the platform include fees, the size of which is much lower than that of Ethereum.
AVAX, the native token of the Avalanche network, has shown rapid growth during its existence. On the next wave of interest from investors and traders, the asset rose to the tenth line in the ranking of the largest cryptocurrencies, but not for long. Nevertheless, many analysts make very optimistic forecasts regarding the future fate of the token and view it as a promising investment.
Indeed, the current situation looks almost ideal for opening long positions on Avalanche. The coin’s affordable price, good growth potential and a real chance of being among the early investors look tempting.
How to change ETH to AVAX
The AVAX / ETH trading pair is available on several major cryptocurrency exchanges. However, traditional platforms are not the most convenient and not the only place where direct exchange of ETH to AVAX is available. An excellent alternative to the traditional exchange is the LetsExchange instant exchange service.
Swap ETH to AVAX is extremely simple. All you need to do is fill in the exchange widget fields step by step:
- In the upper field, select ETH for sale and indicate the amount of the transaction;
- Select AVAX for purchase in the lower field;
- Indicate the address of your crypto wallet;
- Deposit coins.
- Press the “Exchange” button.
Besides the fact that you don’t have to create an account, an exchange like C2C has other strengths. It’s no secret that exchange rates are not the same on different sites. If you are already registered on the exchange and the current exchange rate does not suit you very much, you do not have a lot of options: wait for it to change in your favor or agree to a deal.
The LetsExchange service operates differently. After applying for a swap, the Smart Rate system looks for the available offers, compares the conditions and offers you the most profitable of them.
LetsExchange is always profitable, fast and as safe as possible.