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Avalanche (AVAX) Is Now Supported By The Bitcoin.com Wallet
The Bitcoin.com wallet is one of the popular solutions for newcomers exploring the cryptocurrency space. In a recent update, the multichain wallet enabled support for Avalanche (AVAX).
Avalanche is a major smart contract platform building strong momentum in the blockchain industry. Its native asset, AVAX, is popular among enthusiasts and traders alike. The Bitcoin.com wallet now supports the AVAX token and Avalanche platform in its self-custodial web3 wallet solution.
Adding Avalanche to the multichain Bitcoin.com wallet enables millions of users to acquire, sell, trade, send, and receive the AVAX token. Moreover, users can interact with this asset under the same self-custodial rules as the other currencies and tokens supported by the Bitcoin.com wallet.
In addition, Bitcoin.com wallet users can trade tokens issued on the Avalanche network and interact with its growing ecosystem of decentralized applications (Dapps).
Avalanche continues to note strong momentum due to being compatible with Ethereum Virtual Machine (EVM). Moreover, it is home to a budding ecosystem of financial tools, services, and products, including borrowing and lending, synthetic assets, prediction markets, etc.
Bitcoin.com CEO Dennis Jarvis comments:
"The potential of decentralized finance to create economic freedom is vast, but to realize that potential, we need to democratize access. And for that, it’s essential that we provide a low-fee environment. The Avalanche network is fast and cheap while also offering a high level of decentralization, which is critical for security and censorship resistance. Importantly, Avalanche has also attracted a huge range of high-quality DApps, which increases its utility for our millions of users."
The addition of Avalanche serves a secondary purpose. Bitcoin.com recently introduced its $VERSE token as a reward for users who engage with the Bitcoin.com ecosystem and expand their crypto knowledge. The $VERSE token and accompanying ecosystem require a low-fee smart contract platform for its many small transactions. The Verse ecosystem will initially launch on Ethereum but will be bridged to Avalanche later.
Strategic investors purchased $33.6 million in a private sale of $VERSE tokens in May. Registrations for the public sale are now underway at getverse.com.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low-cost, and green. Any smart contract-enabled application can outperform its competition by deploying on Avalanche. Don’t believe it? Try Avalanche today.