Overview
Avalanche is a Proof of Stake (PoS), layer 1 platform that consists of 3 built-in blockchains that are optimized to perform specific tasks. These Blockchains are known as the Exchange Chain (X-Chain), Platform Chain (P-Chain), and Contract Chain (C-Chain). Additionally, Avalanche supports the Standard EVM API, providing compatibility with the Ethereum Virtual Machine.
Avalanche was designed with a focus on security, low latency, and high throughput, catering specifically to decentralized finance (DeFi) dApps and protocols. It achieves this via a novel consensus protocol that combines two different consensus mechanisms. This unique consensus protocol ensures high security and fast finality, even when multiple chains run concurrently within the network.
Avalanche API interactions follow the JSON-RPC standard.
Networks
Mainnet: AvalancheGo
Testnet: Fuji