Avalanche is a blockchain platform designed for decentralized applications and customized blockchain networks. It competes with Ethereum and aims to surpass it as the leading platform for smart contracts. Avalanche differentiates itself by achieving a higher transaction output of up to 6,500 transactions per second without compromising scalability. This is made possible through its unique architecture consisting of three distinct blockchains: the X-Chain, C-Chain, and P-Chain. Unlike Bitcoin and Ethereum, Avalanche blockchains employ different consensus mechanisms and only validate relevant transactions. Since its launch in 2020, Avalanche has been building its ecosystem by developing DApps and DeFi projects. It has integrated with Ethereum-based projects like SushiSwap and TrueUSD and focuses on improving interoperability between Avalanche and Ethereum through the development of bridges.
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