Avalanche (Avax) is a layer-1 blockchain platform, which serves as a platform for decentralized application (DApps) and custom blockchain networks. It is a main competition of Ethereum and aims to prevent Etreum from becoming the most popular blockchain for smart contracts. The target of avalanche is to maintain scalability by achieving speeds up to 6,500 transactions per second, which is more than Etreum.
Technical features of avalanche
Avalanche has a special architecture, which makes its blockchain unique. It consists of three different blocks.
X-key (change chain): It is responsible for creating and replacing Avax Token and other assets on the network. This blockchain is used to exchange the tokens that occur in the avalanche communication. The consensus mechanism of X-Chain, avalanche uses.
C-prior (promise chain): It operates smart contracts and dysentery applications (DApps). It is used on Ethereum-like Digital Gadget (EVM), which gives developers permission to run Ethereum-Primarily based Dapps on avalanche communication. C-key consensus uses mechanism, snowman.
P-kain (platform chain): It coordinates the validators of the network, keeps the track of active subnets and helps in creating new subnets. This blockchain also uses snowman consensus mechanism.
Due to this three tire structure, avalanche blockchain contains high transaction capacity, while the agreement is not done on the dysentery.
Avalanche safety and consensus mechanism
Avalanche Community is protected by its specific consensus mechanism, which is different from any traditional evidence-of-paintings (power) or Evidence-of-STKE (POS) system. All nodes in avalanche are confirmed by transactions and are Resourced by DAG (Directed Acyclic Graph) protocol. It is immediately decided that the transaction is correct and it can be completed. This improves the speed of blockchain significantly. Avalanche value You can see by going to this link.
The consensus mechanism of avalanche processes several transactions simultaneously and this increases the speed and scalability of the network greatly. This principle provides high speed and reliability facilities in a decentralized network.
Avalanche subnets
Another important feature of avalanche is “subnets”. These are groups of particular validators, who work to get a consent on the state of blockchain of a particular set. The purpose of subnets is to create a customized validator network according to a particular application or network needs. For example, some applications may require special types of validators, such as high memory or fast internet connection.
The subnets of avalanche give permission of certain special customization, such as tokens, governance or some other services. In addition, it also supports personal blockchain development, where only predetermined validators can see the content of that personal blockchain. This can be very useful for companies and organizations, who want to keep their information personal.
Avalanche (avax) ecosystem
Avalanche has developed a strong ecosystem for DApps and Defi (Discontrolled Finance) since its launch. Ethereum -based several projects, such as Sushiswap and Trueusd have integrated with avalanche. The network of avalanche is also improving interoperability with ethereum through various bridge.
Another important aspect in the ecosystem of avalanche is the use of Avax Token. Avax is used for various tasks on avalanche communication, such as processing transactions, ensuring network security and participating in governance process. In addition, Avax Token is also used in various financial services through defi protocols and smart contracts.
Avalanche founders
Avalanche was founded by Ava Labs and its founders include CORNELLLLEGE professor Emin Gün Sirer and CORNELLLLEGE PHD students Kevin Sekniqi and Maofan “TED” Yin. Emin Gün Sirer is considered an experienced person in cryptographic research. He designed a peer-to-pear virtual currency 6 years before the release of Bitcoin WhitePapers. In addition, he did several research on the scaling solution on Etreum and The Dao Hack (2016).
Avalanche future
The future of avalanche looks very bright, as this network is going to include more and more blockchain and dapps in its ecosystem. Due to its fast transaction speed and high scalability, it has become a strong competition for Ethereum and other blockchain platforms. Avalanche is being developed at a time when the need for decorating and security of blockchain is increasing.
In the last Avalanche aims to give a new direction in the blockchain industry and provide a stable, fast and scalable platform for smart contracts. The development and innovation done by it can generate many new possibilities and opportunities in the field of blockchain technology. To know completely about Blockchain you our blog What are blockchain Read
Conclusion
Avalanche (Avax) is a powerful and innovative blockchain platform, which presents a powerful solution for decentralized applications and custom blockchain networks. The structure of its three main blockchains (X-CAIN, C-C-CAIN) and subnets make it fast, scalable and interopeable. Avax token strengthens its enterprise with the usefulness, defi and dapps ecosystem. The ecosystem of avalanche is constantly developed and is ready to make a prominent place in the world of blockchain.
