Avalanche Token vs Celer Network vs Phore
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | Celer Network's goal is to create a blockchain platform with improved liquidity and connectivity. | Phore's goal is to enable developers to create a variety of DApps with fast transaction times. |
Token Stats
Company Description
The Avalanche token (AVAX) performs various tasks within Avalanche's Proof of Stake blockchain network. The Avalanche token functions as a rewards and payment system for users. The network is designed to be an open-source platform for launching highly decentralized applications, enterprise deployments, and decentralized financial instruments. The Avalanche ecosystem is meant to be smore scalable and interoperable than other blockchain platforms. Unlike Bitcoin and many other networks, transaction fees are “burnt” in order to increase token scarcity. This process is offset by the release, or “minting,” of new coins. | Celer Network is developing a layer-2 scaling platform that aims to enable fast and secure off-chain transactions and off-chain smart contracts. The Celer Network hopes to enable developers to create scalable DApps by increasing the off-chain functionalities of blockchains. | Phore Blockchain is a Proof of Stake blockchain platform that is designed to enable decentralized transactions for a variety of applications. |