Krutika Adani
Avalanche is a high-speed blockchain platform designed for decentralized applications and financial solutions. It aims to provide fast transactions, low fees, and scalability compared to traditional blockchains.
Avalanche uses a unique three-chain architecture to enhance performance:
X-Chain – Handles asset creation and transfers.
C-Chain – Supports Ethereum-compatible smart contracts.
P-Chain – Manages validators and network security.
Processes up to 4,500 transactions per second (faster than Ethereum).
Low transaction fees make it cost-effective for users.
Custom subnets allow developers to build their own blockchain networks.
Used for transaction fees and staking to secure the network.
Holders can earn rewards by participating in validation.
Powers DeFi applications, NFTs, and enterprise solutions.