Avalanche Blockchain - Crypto Academy / S5W8 - Homework post for pelon53
1.- Explain X-Chain, C-Chain and P- chain in detail.
We have been able to move from primitive society to modern society only through sophisticated man-made things. Such as mobile, computer etc. There is a special feature in human beings which is that human beings always want to adapt to something new which is good for mankind. And will make the path of human beings easier. We all know that Bitcoin was discovered in 2009 and many developers are working tirelessly to overcome the problems that remain. The technology that has been invented to get out of this bitcoin problem is Avalanche. Avalanche made of C-chain, P-chain, X-chain. Let's discuss these three chains in detail.
X-chain
There are three technology use Avalanche blockchain. X-chain is one of the technologie from those three technology. Elaboration of X-chain is Exchange chain. Main perposes of C-chain are transfer funds, paying fee and receive payments in Avalanche blockchain technology.
X-chain technology made different technology from other crypto technology because of its own characteristics. First of all, it is more faster than other blockchain platform as well as the fee of the mechanism is lower comparatively other technology.
C-chain
C-chain is another example of avalanche blockchain technology. The elaboration of C-chain is Contract Chain. We all known that how much important smart contract in blockchain technology. In the avalanche blockchain technology where C-chain help to create the smart contracts.
It is also used in contract coding to create decentralized applications. I want to give you a example where the smart contracts technology use. Snowman is a an example where the C-chain technology used.
P-chain
Third and last technology of avalanche P-chain. The elaboration of P-chain is platform chain. Snowmen consensus mechanism not only use C-chain technology but also use p-chain technology. The main perposes of the technology is used for serving as a validator as well as for staking AVAX.
2.- Explore the Avax Network platform . Screenshots required.
Let's see step by step
3.- Show the last verified contract in the C-Chain network and show the Smart Contract that was generated at that address. Screenshots required.
4.- Explore the last block generated in the C-Chain network. Screenshots required.
5.- Explain in detail the Avalanche consensus protocol and the Snowman consensus protocol.
Avalanche Consensus Protocol
I have explain earlier the purposes of avalanche blockchain technology. Simply, the main purposes of the technology are increasing scalability as well as decentralization or security and vulnerability.
Voting consensus mechanism remains in the Avalanche protocol. Main strategy happens in the system is that rejection and acceptance voting in the mechanism. I have shared a screenshot below for better understand. If we look carefully the picture we will notice that when they verify the transaction in the situation transaction will be accepted on the other hand the transaction will be rejected. First of all l the transaction is entered in the transaction issue then it is verified by the transaction validator whether it is valid or not. According to the screenshot, if the transaction is not valid it will be rejected.
Snowman Consensus Protocol
We can consider the snowman consensus protocol as an enhanced version of the Avalanche consensus protocol. Snowman protocol use the contract chain for the purposes of creating and managing the smart contracts.
There are some differences between avalanche protocol and snowman protocol. First of all snowman transaction process is linear on the other hand avalanche transaction process is parallel. Generally the help of the snowman protocol subnets are being managed. So we can say that the protocol is really very effective for quick transaction with the benefit of low cost.
Conclusion
Today, Avalanche mechanism protocol has been presented in a very beautiful way through some of the lessons. Avalanche blockchain technology has been created for some purpose we have learned through this lesson. We were able to learn more about C-chain, P-chain and X-chain as well as their importance in blockchain technology. We have explored Avax network platform through the lesson. I also have explored the last block generated in the C-chain network.
In conclusion I would like to say that all in all the lesson was very important and instructive to me. I read the lesson with great satisfaction and learned about the issues. I thank the professor for giving us such an important lesson in the last week of this season.
Cc
@pelon53