What is Avalanche?
Avalanche is a layer -1 blockchain that serves as a foundation for decentralized apps and custom blockchain networks. 'Ethereum Killer' is tagged to dethrone Ethereum as the most popular blockchain for smart contracts. It was created by Ava Labs to serve as a platform for developers to develop and launch their dApps. Avalanche is also a proof-of-stake (PoS) blockchain compatible with ETH.
Avalanche has a primary network. The primary network comprises three blockchains or subnets that manage it.
The Exchange Chain (X-Chain) is used to create and exchange tokens.
The Contract (C-Chain) is a blockchain in which validators collaborate to establish and track subnets.
The Platform(P-Chain) is a perfect example of an Ethereum Virtual Machine (EVM). It helps create and deploy smart contracts.