Avalanche
About Avalanche
A high performance blockchain platform using a novel consensus mechanism called Avalanche consensus. The network consists of three chains: X-Chain for assets, P-Chain for staking, and C-Chain for smart contracts. AVAX tokens are used for transaction fees, staking, and creating subnets. Avalanche can process 4,500 transactions per second with sub second finality. The platform is compatible with Ethereum Virtual Machine, allowing easy migration of dApps. Major DeFi protocols including Aave and Curve have deployed on Avalanche.
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