AVAXUSD
AvalancheยทSpot
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About AVAX
Layer 1
Jul 15, 2020
Avalanche fundamentally introduces a novel consensus family that combines classical and Nakamoto consensus properties to achieve high throughput with strong security guarantees. The system operates through three distinct blockchains: X-Chain for asset exchange, C-Chain for smart contracts, and P-Chain for platform coordination and subnet management. The fundamental consensus mechanism uses repeated random subsampling where validators query small, random subsets of peers to determine network opinion. This approach enables parallel processing and sub-second finality without requiring a designated leader. The fundamental architecture supports subnet creation, allowing custom blockchains to operate within the Avalanche ecosystem while maintaining connection to the primary network. Validators must stake AVAX tokens and validate the primary network while optionally participating in subnet validation.
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