Avalanche Price Increases 30% After It Partner With AWS

Avalanche is the first blockchain to form partnership with Amazon Web Services, Amazon’s cloud computing platform.

Avalanche’s Goal

Ava Labs wants to expand Avalanche blockchain adoption to governments and enterprises.

What partnership is about?

Ava Labs is going to partner with AWS cloud to manage Avalanche blockchain nodes using AWS and help provide developers easier way to launch decentralized applications.

About Avalanche

It is a layer-1 blockchain that allow developers to create decentralized applications.

Avanlanch blockchain network consists of 3 different blockchains; P-Chain, X-Chain, and C-Chain.  

C-Chain
C stands for contract. So, C-Chain uses for smart contract. C-Chain uses Ox Ethereum style address and compatible with MetaMask. If you want to use DeFi like Trader Joe, Aave, Benqi you use c-chain.

X-Chain
The sole purpose of X-Chain is sending and receiving funds. Users can send funds through C-Chain but gas fees are more expensive. X-Chain is designed for monetary transaction.

P-Chain
P standing for platform. P-Chain is for staking and validators. If you are a validator, AVAX rewards will transfer on this P-Chain.Transaction fees on P-Chain are fixed at 0.001 AVAX, which is about $0.08.

The maximum supply of AVAX is 720 million tokens. Avalanche can support 4,500 tps and time to finality is 1 second.