Avalanche (Avax) is a blockchain platform and cryptocurrency that can create interoperable and scalable decentralized applications (DAPPS) and custom blockchain. Avalanche uses a novel consensus agreement called Snowman, which uses the rights and interest proof (POS) and the subnet (called the subnet) to achieve high throughput, low latency and high safety. Avalanche's local token Avax is used for pledge, governance, expenses and cross -chain bridge assets.