Avalanche Token vs Infura vs Wowbit
What problem does this service solve?
Avalanche's goal is to enable a more secure and interoperable smart contract platform with faster transactions times. | Infura's developer tools make it easier for DApps to access Ethereum and IPFS. | Wowbit allows users to create smart contract enabled digital assets on the NEO blockchain. |
Token Stats
Not Relevant |
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. | Infura is a DApp infrastructure provider that was created by ConsenSys and gives developers the tools to securely access Ethereum and IPFS. Their API enables users to set up Ethereum Nodes, and then install, configure, and maintain the Ethereum infrastructure more easily, and at lower cost. Infura was originally created by ConsenSys. | Wowbit, also known as Wowoo, is a NEO-based tokenization platform. Their smart contract enabled platform is based on their Smart Active Control (SAC) architecture, and is powered by the WWB token. |