WHAT IS THE AVALANCHE NETWORK | 10% beneficiary to tron-fan-club

INTRODUCTION

I will like to explain what an avalanche network but before I do that, I will like to explain their unique consensus model. You must know that a lot of people have been using the practice byzantine fault consensus model before the new consensus model. What the practice byzantine fault does is to connect multiple computers and work based on the data the computers have. It was not until Bitcoin was created it introduced a new consensus model and it is by far better than the old one. Presently, the avalanche has a unique consensus that is far different from other consensus models.

HOW AVALANCHE CONSENSUS MODEL WORK

Although, the Avalanche blockchain has some similarities with Bitcoin Proof of Stake. The Avalanche blockchain has something called subsampled voting and what this means is that they have a huge number of people who volunteered to observe things in the network. The conclusion of this subsampled voter will assess by the network users weather or not accept it. The network has something special that makes consensus that will be achieved at the right time.

The security of the Avalanche network is very high because you will need to control about 80% of the network to carry out an attack but on the Bitcoin blockchain, you will need about 51% of the computer and on the Ethereum 2.0, you will need 51% to the entire stake token to attack the network.

Avalanche blockchain is very fast because allows about 4,500 transactions per second and the network achieves its finality in 3 seconds. This is by far faster than Bitcoin which can only process 7 transactions per second and also takes about an hour to finalize but Ethereum can process 15 transactions per person and take about 10 minutes to finalize.

AVALANCHE NETWORK INFRASTRUCTURE

Avalanche has a network which I will call the primary network that has different blockchains in it which are x-chain, p-chain, and c-chain. The X-Chain is where you can create and transact tokens and it has a wallet that can receive coins from an exchange platform. The C-Chain is where you can move a decentralized application to and use it there because it is built with Ethereum codes. The P-Chain is just for management of the blockchain which includes how the validators work and all the stake processes.

WHAT ARE SUBNETS?

A subnet is just a network that runs on the Avalanche ecosystem and have can several blockchains and the interesting part of it is that each subnet can have its consensus model whether it is PoS or PoW. The developer change has its own Ethereum Virtual Machine in its subnet which means it can create its own rule.

SNOWMAN PROTOCOL

The primary network of the Avalanche network which is X-Chain, C-Chain, and P-Chain uses the Avalanche consensus model and the Avax LABS uses a better consensus model called Snowman Protocol. The snow protocol was created to relate will the EVM while the primary protocol has a general use case.

AVAX TOKENOMICS

The Avalanche network coin has the maximum supply of 720 million coins and it is a deflationary coin. The more coin that you stake on the platform and the higher your will be able to vote and you can participate in the network decisions. The AVAX Lab sold a huge amount of coin that is about 127 million coins when it launched. The coins are sold at a lower rate and those coins that were sold at launch are locked.

A	B
Market cap	$6,699,080,280
Fully Diluted Market Cap	$16,959,953,633
24hr Volume	$1,039,989,253
Volume / Market Cap	0.1512

CONCLUSION

The Avalanche network created a special way market by asking people to use there to network and they are giving out about 180 million dollars to make people try out the network. The incentives marketing strategy has made more people try out their network and has led to increasing in the price of the coin.