What is Avalanche blockchain

explains what Avalanche blockchain is

Avalanche is a unique blockchain that provides high security, speed and low-cost fees transactions. What makes Avalanche a special network? Its mainnet is composed of three blockchains: the X-Chain, C-Chain, and P-Chain. Instead of having one overloaded chain, each blockchain has a specific purpose in the Avalanche ecosystem.

The X-Chain is used for managing assets through the Avalanche consensus protocol. Transactions on the X-Chain generate fees paid in $AVAX. That’s similar to how gas fees on Ethereum are paid in $ETH.

The P-Chain coordinates validators. But also, it allows anyone to create a new blockchain called subnets.

And the C-Chain is related to smart contracts creation which is necessary for Decentralized Applications (DAPPS) and Non Fungible Tokens (NFT). But also, it is EVM (Ethereum Virtual Machine) compatible which means anyone can deploy Ethereum smart contracts on Avalanche.

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