See original
#avalanche ( $AVAX ) What is it?
Avalanche claims to be “the fastest smart contract platform in the blockchain industry in terms of transaction completion time” thanks to the multiple consensus mechanisms it uses. It provides more reliable and scalable services by using three different blockchains within the platform. AVAX, Avalanche's native token, is used as both a reward and payment system within the network.
Avalanche provides its solutions to its users by using different methods together. The first of these is that the Avalanche network consists of three interoperable blockchains. These are X-Chain, C-Chain and P-Chain.
Compared to executing all processes on a single chain, the fact that three blockchains play different roles is one of the biggest factors in making the Avalanche network faster and more scalable.
This feature is combined with two different consensus mechanisms tailored to the needs of the blockchains used. Avalanche and Snowman consensus protocols are the primary reason for increased network scalability and transaction speeds.
Avalanche claims to be “the fastest smart contract platform in the blockchain industry in terms of transaction completion time” thanks to the multiple consensus mechanisms it uses. It provides more reliable and scalable services by using three different blockchains within the platform. AVAX, Avalanche's native token, is used as both a reward and payment system within the network.
Avalanche provides its solutions to its users by using different methods together. The first of these is that the Avalanche network consists of three interoperable blockchains. These are X-Chain, C-Chain and P-Chain.
Compared to executing all processes on a single chain, the fact that three blockchains play different roles is one of the biggest factors in making the Avalanche network faster and more scalable.
This feature is combined with two different consensus mechanisms tailored to the needs of the blockchains used. Avalanche and Snowman consensus protocols are the primary reason for increased network scalability and transaction speeds.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
AVAX
34.32
+1.74%
Replies 0
