Learn about Avalanche

Avalanche is a layer one blockchain that functions as a platform for decentralized applications (Dapps) to build on. Just like ethereum it gives room for smart contracts to operate, pouring out world class solutions.

Launched in March 2020 by Ava labs, Avalanche has grown to become one of the best blockchain solutions by trying to solve the issues that plagued previous blockchains which includes having to combine decentralization, scalability and security. In addressing this, avalanche has 3 pulse chains solving different problems:

X-chain: Used to send and receive funds on the avalanche network i.e. for exchange. it uses directed acrylic graph (DAG) technology.

P-chain: Used for staking avax and facilitating validators activities. Uses can become validators, and also collect their avax rewards on the P-chain.

C-chain: This is avalanche's chain for building decentralized applications and running smart contracts.

Avalanche was founder by cornell university professor Emin Gün Sirer, together with Cornell University computer science PhD’s Kevin Sekniqi and Maofan “Ted” Yin.
Emin Gün Sirer who is a long-time cryptographic researcher, having designed a conceptual peer-to-peer virtual currency six years before the release of the Bitcoin whitepaper.
He was involved in the work of Bitcoin scaling solutions and also researched on ethereum before the DAO hack of 2016.
That ethereum research was what lead to the startup Ava labs in 2018, the founders of avalanche.

Avalanche is successful in solving the blockchain trilemma which is solving the problems of decentralization, scalability and security in blockchain. By using it's consensus protocol and creating pulse chains, it ensures that it's network is secure and decentralized through the use of dynamic sets of validators.
Avalanche can process up to 4500 transactions per second making it super efficient for lots of dapps to run on it's network while not compromising scalability.

Avax the utility token of avalanche is used for governance and staking on it's network. It has a total supply of 720 million. With a current price of $22, Avax is currently 12th in the coinmarketcap crypto rankings with a market cap of $6.30 billion.
It is listed on all major exchanges like:
Binance, OKX, Kucoin etc.

Website :
https://www.avax.network
Twitter :
https://twitter.com/avalancheavax