Avalanche Blockchain - Crypto Academy / S5W8 - Homework post for pelon53
I was taught on Avalanche Blockchain with this assessment on the Avalanche Blockchain. By my dear professor pellon53, is a wonderful one, here is my assessment report, am @kingworldline
Yes, it is not far away from our understanding that the blockchain technology is doing pretty well in terms of our daily activity on the economy, social, cultural and many more aspects, hence the blockchain has reviewed and pronounced solutions to some certain problems.
Hence before I explain the in detail what the X-CHAIN, C-CHAIN, and P-Chain is all about it necessary for me to explain the
Avalanche Blockchain is all about and what makes it so unique in its own build up.
The Avalanche is a kind of system which actually operates based on a smart contract, hence this basically for the decentralised applications as we have on Cardano which is known with acronyms (ADA) and others, hence the uniqueness of the is based on the technical and the rate of falling task since it can actually process 6500 transaction per seconds in the blockchain
Therefore the Avalanche actually has one feature on the exchange chain (X chain), the contract chain (C chain) and the platform chain (P chain).
Therefore this runs and work on the Avalanche blockchain, meanwhile this allow the process in make and creating a new assets, hence therefore is gives the opportunity to transfer with help of the smart contract, the smart contract are being used in verifying and authenticating transaction from the validator, and thus crates the ERC20 token as well.
With the exchange makes thing in the blockchain so easy and simple on his unique way
On the side of the contract chain it is left for the user to develop decentralised application which operates with a smart contract
Hence the developed compatible Ethereum applications are used in modifying the protocol which is known as the Snowman meanwhile this enables a quick and a fast transfer and as well protects the asset.
Hence base of the way the system is configured give the users the privilege to creates the smart contract in the Avalanche blockchain
On this aspect the validators are already known by their responsibility which involves the enhancement of the speed, scalability and as well ensuring all activities works well in a secured manner within the region of the Avalanche blockchain system.
Therefore one of the characteristics of the subnet is that it can validate that of the multiple blockchains and as well make provision a new subnet whereby a validator has a part
Hence for me to achieve the aim on these sections we had to first explore this by accessing the web address. AVAX
Mainly looking at the interface has the page look like this as shown on the below screenshot.
There at the home page of the this site has the following option on Developers', 'Individuals', 'Press', 'Community'
and 'Contact'. There down the homepage is a table known as table of comparison among different blockchain meanwhile the AVAX network is as well included.
DEVELOPER PAGE
On this page, a user or developer can as well develop an application with limits, which can run validation, mint tokens, and as well integrate exchanges.
INDIVIDUAL PAGES
This page has the roadmap, solutions, ecosystem, Avalanche wallet, Avalanche Explorer, and Avalanche Bridge.
Hence with Avalanche Wallet a user can as well make or create Avax wallet and as well
access Avax wallet.
AVALANCHE WALLET
Then to create a wallet i click on the "create" wallet" which redirect me to page page to create page to create wallet where by the seed phrase of the wallet creation is being generated.
AVALANCHE EXPLORER
This explorer actually helps users to make searches for transactions and as well other activities which are built inside the Avalanche network.
Therefore to Explore the Avalanche Ecosystem we have to click on "Open the explorer" while the page on the explorer shows up.
AVALANCHE ECOSYSTEM
Hence the like of the Avalanche Ecosystem has the following DeFi, Digital Securities, Ecosystem, Exchange, Explorer, Gaming, Identity, Infrastructure, NFT, Nodes, Oracle, Payments, Play to Earn, Security, Stablecoin, Tooling, Trading Bot, Wallet, Wealth Management.
AVALANCHE-X
On Avalanche-X the users can make request while the request is fulfilled on Avalanche network in place to enhance the growth of the project on the avalanche network meanwhile the process can be accomplished in three means
••By submitting application
••Then you will be contacted immediately
•• Then grant will be issued and granted while you start building
COMMUNITY AND CONTACT
This aspect includes the following on Medium, Twitter, Telegram, Discord, Forum, Reddit, Linkedin, FaceBook, YouTube, MeetUp, and Clubhouse.
Then as regards to the question asked based on the last verified contract in that of the C-chain network, meanwhile for us ro get this done we have to visit the official web address SNOWTRACE then proceed by clicking verified contracts.
Then after that, the list of the verified contracts surface, hence the contract at the top us known as the last verified contract
Therefore at the time of this screenshot the last contract is 0x402D4d57A66B87035E1bF8C367f23ff0EE9F383b
Hence the contacted address involves two transactions which one of them is the contact creation and the other involves the transaction which involves the recipient.
Therefore the contract address creator is
0x402D4d57A66B87035E1bF8C367f23ff0EE9F383b
Therefore to get the last block generated on the C-block I have to visit the web address SNOWTRACE on the viewed page click on the "View Blocks"
Then on the block place is the list of blocks, hence the last I have on the chain is 9176020 which actually has the hash 8 seconds with that of 17 transactions included. Hence the transaction hash for this is 0xae70e80a3a10261f8acf3f45a7cc7f69b9ba5c498bf7d791065eefb32ad46a55
AVALANCHE CONSENSUS PROTOCOL
Therefore as regards to this protocol is a decentralised protocol, therefore since is decentralised there is no validator controlling it as is in proof of work (PoW) and as proof of stake (PoS) and other consensus mechanism we have existing, hence it does not need a validator before a node can be validated in terms of transactions in directed acyclic graph hence this enhance the scalability and as well the speed while the operation is performed in parallel.
Hence the following are observed in system
• it does not have a centralised body or individual controlling it.
• The means of validation of the nodes is in parallel.
• It has a low cost quite low
• And is efficient in it's speed of operations.
SHOWMAN CONSENSUS PROTOCOL
Therefore this particular consensus protocol is situated in the
Avalanche Consensus Protocol and main to manufacture blocks and as well the transaction in a linear order which makes it easy in keeping records.
On this the following is observed
•This consensus is one of the fastest means of operation in blockchain.
• This run variables in terms on the nodes
• Hence the process involves and shows the speed and as well scalability of the system
• The address format has their individual differences.
Avalanche blockchain has shown its potential over the solution of the flaws of the previous blockchain in their state of scalability and speed, hence this has shown its decentralised nature. Therefore the Avalanche blockchain has shown its scalability in fulfilling multiples of transactions in seconds, on this platform the transaction gas fee is quite less.
Hence the platform has shown its potential in resolving the blockchain issues.
Thanks to my dear professor @pelon53 for this wonderful teaching and for going through my assessment.
#pelon53-s5week8 #cryptoacademy #club5050 #avalanche #blockchain