A Simple Introduction to Avalanche

What is Avalanche (AVAX)?

  • Avalanche Consensus Model: follows Proof of Stake but with few unique differences
  • Uses subsample voting which is using a small random sample size to validate transactions
  • Then transaction is accepted, network gossip happens where participants exchange information back and forth to continue to validate the transaction or reject it
  • Difference of PoW or PoS is that in this new consensus model, number of nodes doesn’t matter; consensus will be reached in a certain desired timeframe
  • Harder to attack where PoW requires 51% of mining power and PoS requires 51% of staked tokens
  • To perform an attack on Avalanche, you will need to control 80% to attack the network
  • 4,500 transactions / sec per subnet, takes 3 seconds to finalize transaction
  • Has 1 primary network with 3 sub blockchains
  • X-Chain (Blockchain 1): Creation, management and transactions of token in the network
  • C-Chain (Blockchain 2): For smart contract, copy of ETH virtual machine
  • P-Chain (Blockchain 3): Management, coordinating all validators and the staking mechanism

What are Subnets?

  • Subnet is a new network within the Avalanche ecosystem
  • Each subnet could have multiple blockchains like the primary Avalanche network
  • The blockchain of each subnet could have its own consensus model
  • Each blockchain can also have its own virtual machine
  • Subnets can be both private and public blockchains

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Ricky Young

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