Avalanche is a cryptocurrency project that offers a blockchain network of smart contracts. Avalanche is currently the fastest smart contract platform in the blockchain industry and has the largest number of validators to protect the activity of any of its proof-of-interest protocols. Its blockchain network consists of three different chains. The Exchange (X) chain, the Platform (P) chain and the Contract (C) chain. Each of these chains has different functions that help make the Avalanche protocol one of today's efficient public chains. avalanche ensures that participants have low transaction costs and fast speeds when sending and receiving or interacting with different smart contracts. At the same time, Avalanche issued its own native token, AVAX, with a supply cap of 720 million, using a deflationary mechanism where all payment fees are burned.