Avalanche Platform Overview:

  • Avalanche is an open-source platform for launching decentralized applications (dApps) and custom blockchain networks.
  • What makes Avalanche special?
    • Blazing fast transaction speeds
    • Low gas fees compared to Ethereum
    • Support for custom blockchains and subnets
    • Secure and decentralized thanks to its unique consensus mechanism

It has three built-in blockchains, each designed for a specific purpose:

  • The X-Chain - Creating and exchanging assets.
  • The P-Chain - Handles network metadata, including validators and subnet creation.
  • The C-Chain - Smart contracts & DeFi applications