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Thesis:

Avalanche Platform and Subnets

The Avalanche network is secured by its Primary Network, which validates three built-in blockchains:

  1. The Exchange Chain (X-Chain), used to create and exchange tokens, which is an instance of the Avalanche Virtual Machine (AVM)
  2. The Platform Chain (P-Chain), a metadata blockchain that coordinates validators to create/track subnets
  3. The Contract Chain (C-Chain), an instance of the Ethereum Virtual Machine (EVM) which creates and deploys smart contracts