The Avalanche Platform – A New Way to Build Your Business Online?
Avalanche platform features 3 built-in blockchains Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain). All 3 blockchains are validated and secured by all Avalanche validators which is also referred as the Primary system. The Primary system is a special cloud, and all members of all custom cloud [ subnet] must also be a member of the Primary Network or system by staking at least 2,000 AVAX.
Contract Chain (C-Chain)
The C-Chain allows for the installation smart contracts using the C-Chain’s API.
The C-Chain is an instance of the Ethereum Virtual Machine powered by Avalanche network.
Platform Chain (P-Chain)
The P-Chain is the metadata blockchain on Avalanche network and coordinates validators, keeps track of active cloud, and enables the creation of new Subnets or cloud. The P-Chain implements the Snowman consensus protocol. The P-Chain API facilitate clients to create Subnets or cloud, add validators to Subnets or cloud, and create blockchains.
Exchange Chain (X-Chain) Avalanche Platform
The Avalanche Platform X-Chain acts as a decentralized platform for creating and trading digital smart assets, a representation of a real-world resource (e.g., equity, bonds) with a set of rules that govern its behavior, like “can’t be traded until tomorrow” or “can only be sent to US citizens. “World wild
One asset traded on the X-Chain is AVAX. When you issue a negotiation to a blockchain on Avalanche, investor pay a fee denominated in AVAX coin or token.
The X-Chain is an instance of the Avalanche Virtual Machine (AVM). The X-Chain API facilitate clients to create and trade assets on the X-Chain and other instances of the AVM.
Avalanche Blockchain Consensus
Consensus is the duty of getting a group of computers to come to an agreement on a resolution. Computers can reach a consensus by succeeding a set of steps called a consensus protocol. Avalanche is a new consensus protocol that is scalable, robust, and decentralized. It has low latency and high throughput. It is energy efficient and does not require special computer hardware. It performs well in adversarial conditions and is resilient to “51% attacks.” This post explains to all investors the Avalanche consensus protocol.
For more information concerning Avalanche
AVAX Official Website: https://www.avalabs.org/
AVAX Network ://www.avax.network/
AVAX Ecosystem:https://core.app/ecosystem/home
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