Avalanche claims to be the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.

Avalanche features 3 built-in blockchains: Platform Chain (P-Chain), Exchange Chain (X-Chain), and Contract Chain (C-Chain).

All 3 built-in blockchains P, X, and C-Chain, are validated and secured by Avalanche’s Primary Network.

Avalanche Blockchain

So you might be wondering what is the purpose of offering multiple blockchains, and this is our take on it. Each blockchain has their strengths and weaknesses, and only having one blockchain to try and meet every requirement is not an easy task.

Developers will no longer have to compromise on a single blockchain for all use cases. Instead, custom blockchains can be built or used. If you need a blockchain that specializes in payments, use the X-Chain, smart contracts? use the C-Chain, etc.

Applications may require multiple chains, and that's OK because Avalanche allows them to interoperate seamlessly between them, ensuring each chain performs optimally rather than having to compromise on one.

Avalanche competes with other heterogenous platforms such as Polkadot and Cosmos.

Tokenomics

  • Avalanche, as of this writing, has 220.3million coins in circulation out of a total supply of 391.1million.
  • The max supply of AVAX is capped at 720million

Concluding Thought

Avalanche offers a unique platform for blockchains, building on specialized chains to improve cost and efficiency. Avalanche offers greater than 4500 transactions per second with less than 2 seconds till finality. Avalanche's strong ecosystem sets itself up for future success despite its recent run-up in 2021 from $4 CAD to briefly hitting over $100 in September.

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