CHAPTER 8

Avalanche

“The measure of speed for a blockchain is *latency*. The time from

submission to completion, also known as time to finality.. Latency, a

measure of speed, is measured in seconds, not TPS. High capacity

doesn’t necessarily imply low latency. If someone says they are the

*fastest*, and offers numbers measured in TPS, they are either

trying to pull a fast one on you or they don’t know what they are

talking about.” - Emin Gün Sire, Founder & CEO Ava Labs.

Launched: September 2020

Native token: AVAX

Market Capitalization: $14.66B

Smart Contract languages: Solidity

In this chapter, we will explore Avalanche, one of the hottest names

among the Layer 1 Blockchains, and especially DeFi market today.

Avalanche claims to be capable of processing 10,000 TPS with

4000 validators. In terms of time, to reach the finality, Avalanche

Blockchain claims to be the fastest among all contemporaries as it

takes just 1-2 seconds for finality.

8.1 Consensus Model – Proof of Stake

Internally, Avalanche is configured with three different Blockchains,

namely Exchange Chain (X-Chain), Platform Chain (P-Chain), and

Contract Chain (C-Chain), as shown in Figure 8.1, as follows: