Overview
Avalanche is a smart-contract platform built for fast confirmation and for custom subnets.
Highlights
- Its metastable consensus is designed for high throughput and quick finality.
- Subnets let an operator run a chain with its own validator set and rules.
- The C-Chain is compatible with the Ethereum Virtual Machine. Gas fees on that chain are burned.
Token model
The cap is 720 million. AVAX pays fees, is staked, and is used to create subnets. Gas fees are burned.
FAQ
What is an Avalanche subnet?
A subnet is a set of validators that can run one or more chains with custom rules, membership, and even a custom gas token. Projects use them for app-specific or permissioned chains.