<ul><li>Avalanche is a smart contract platform launched in 2020, often referred to as 'Ethereum on Red Bull', offering decentralized applications, minting tokens, NFTs, and custom blockchains.</li><li>Avalanche runs on three blockchains - X-Chain for assets, C-Chain for smart contracts (EVM-compatible), and P-Chain for validators and subnets, avoiding bottlenecks like Ethereum.</li><li>A subnet in Avalanche is like launching a customized blockchain within the ecosystem, attracting enterprises, gaming projects, and applications needing specific rules and tokenomics.</li><li>Avalanche stands out for its fast consensus mechanism named Snowman, reaching 4,500+ TPS, finalizing transactions in seconds, and being eco-friendly with no mining required.</li></ul>

What is Avalanche? A Beginner’s Guide to the Fastest Smart Contract Platform

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