AVAXUSD
Avalanche / United States dollar
crypto Composite

Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Developers who build on Avalanche can create applications and custom blockchain networks with complex rulesets or build on existing private or public subnets. Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem. Avalanche uses Proof-of-Stake, allowing validators to have a first-hand say in the system while consuming minimal energy. Avalanche is not a single chain network. It features multiple chains, with some performing core functions while others are more application-specific. All non-core Avalanche chains (called subnets) must rely on validators that stake AVAX on one of Avalanche's central platforms. Validators must be a member of the Primary Network; all other subnets are optional. The Primary Network contains three blockchains: Platform Chain (P-Chain) Contract Chain (C-Chain) Exchange Chain (X-Chain) All three combine to provide the same capabilities of a single network. The X-Chain handles the creation of new digital assets and the exchange of tokens between the core blockchains and their various subnets. The C-Chain is an instance of Ethereum's EVM, which allows for the creation and execution of Solidity-based applications. The last chain, known as the P-Chain, is the base staking platform that manages network validators and enables developers to create new subnets. Every validator must stake on the P-Chain and participate in securing Avalanche's Primary Network.