Avalanche Contracts

In Avalanche, a contract refers to a smart contract that is deployed on the platform's blockchain. A smart contract is a self-executing program that automatically executes the terms of an agreement between two or more parties. Once a smart contract is deployed on the Avalanche network, it becomes immutable and transparent, and its execution is guaranteed by the blockchain's consensus mechanism. Avalanche smart contracts are stored on the platform's blockchain, and their execution is triggered by transactions sent to them. The transactions can contain data and/or value, and once the conditions specified in the smart contract are met, the contract automatically executes the agreed-upon actions. Smart contracts on Avalanche can be used for a variety of purposes, such as creating new tokens, executing complex financial transactions, or implementing governance mechanisms for decentralized organizations. The platform's built-in DEX, for example, is implemented as a smart contract on the Avalanche blockchain.

Avalanche Gas Fees