Link to this headingAvalanche

  • Fast
  • Ethereum Compatibility with Parallel Execution and subnets
  • Has Post-Quantum Cryptography Support
  • Capped Supply of 720 million AVAX tokens
    • A fixed amount of 360M AVAX was minted at genesis, but a small amount of AVAX is constantly minted as a reward to validators.
  • Atomic cross-chain asset swaps.

Link to this headingConsensus Protocol

  • Uses the Snow consensus family based on randomized sampling and metastable decisions.
    Source

Link to this headingPrimary Networks

P-Chain: supports the creation of new blockchains and Avalanche L1s, the addition of validators to Avalanche L1s, staking operations, and other platform-level operations. The Platform VM is located here

C-Chain: implementation of the Ethereum Virtual Machine (EVM) located here
X-Chain:

Link to this headingInterchain Messaging Protocol (ICM)

  1. A smart contract creates a message with data to be sent to the other chain
  2. Message is signed by the validators of the source chain.
  3. The message with the signature is relayed to the destination chain
  4. The destination chain checks the signature and then accepts the message

Link to this headingInterchain Token Transfer (ICTT)

ICTT uses [ICM](#Interchain Messaging Protocol (ICM)) to send information to another chain. ICTT transfers a token or group of tokens from one chain to another.

  1. Locks the Asset to be transferred by using a smart contract.
  2. The destination chain mints or unlocks equivalent tokens.

Link to this headingL1 (Private Networks)

Can be private Networks

Can be either Proof of Stake or Proof of Authority

  • PoS: secured by validators who stake some type of tokens for a duration into an implementation of PoSValidatorManager
  • PoA: secured by validators who can be added or removed from the PoAValidatorManager implementation by an owner address

Link to this headingFees

All fees are burned All fees are burned.