A little about Avalanche
Avalanche ($AVAX ) is a scalable blockchain platform for decentralized applications that consists of three interconnected chains: X-Chain, C-Chain and P-Chain.
This unique architecture allows Avalanche to achieve high transaction speeds (up to 6,500 tr/s) without losing decentralization.
Avalanche was launched in 2020 by the Ava Labs team led by Emin Gun Sirer, a well-known cryptographic researcher. The platform uses Avalanche's proprietary consensus engine, which ensures instant confirmation of transactions.
The total emission of AVAX is 720 million coins, of which 50% is allocated for staking rewards. The token is used to pay fees, staking and network management. AVAX is available on leading exchanges such as Binance, Bitfinex and Kucoin.
A key feature of Avalanche is the support for sub-blockchains (entities), which allow the creation of specialized blockchains with their own rules and consensus mechanisms. This makes the platform flexible and scalable.
