Underground Moods
  • What is Underground Moods
    • Features
      • Underground Moods release specs
        • Dubplate vinyls on demand
        • Wishlist crowdfund
      • Mood Gem Market
      • Underground Moods Arts Club
        • UGM Faucet
      • The Holistic Vault
  • NFT Utilities
    • Underground Moods Releases
    • MGM Diamond NFTs
  • How To
    • Setup web 3.0 account
      • Step 1 - Create Avalanche wallet
      • Step 2 - Set up MetaMask
      • Step 3 - Add Avalanche network to MetaMask
      • Step 4 - Connect MetaMask with Kalao
    • Sell NFTs
      • How to sell a NFT on Kalao
        • How to sell an NFT on Kalao (using X-Chain)
      • How to create an auction on Kalao
    • Purchase $AVAX
      • Step 1 - Purchase $AVAX
      • Step 2 - Deposit $AVAX
  • FAQ
    • Frequently Asked Questions
      • I want to release music on Underground Moods
      • I want to make videos for Underground Moods
      • I want to develop software for Underground Moods
      • I want to read the terms and conditions
      • I want to read the privacy policies
      • I want a refund
      • I did not receive NFT after purchase
      • I can't see my NFTs in my account
      • I can't cancel NFT sale on Kalao
    • Technology
      • What is blockchain
      • What is Avalanche blockchain
      • What are NFTs
      • What is metaverse
      • What is wallet
      • What is staking
      • What is breeding
    • Links
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What is Avalanche blockchain

explains what Avalanche blockchain is

PreviousWhat is blockchainNextWhat are NFTs

Last updated 3 years ago

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.