Avalanche, the fastest smart contracts platform measured by time-to-finality
Avalanche is an open-source platform for launching decentralized finance applications and enterprise blockchain deployments. Avalanche is relying on a unique approach of using three different blockchains (X, C, and P-chain) to provide solutions to old blockchain problems of scalability, interoperability, and usability.
The X-chain is used for creating and exchanging Avalanche’s native token, AVAX, the C-chain is where developers create smart contracts for dApps, and the P-chain is acting as a platform for coordinating network validators, track active subnets, and allow for the creation of new subnets. Taking on different roles, the three blockchains improves both speed, scalability, and interoperability.
Avalanche was founded in New York in 2020 by Ava Labs.