What is Avalanche X-chain?

The X-Chain is a decentralized platform for creating and trading the Avalanche native token AVAX and other cryptocurrencies. The C-Chain allows users to create smart contracts and interact with DApps and DeFi services. The P-Chain coordinates network validators and can be used for staking on the Avalanche Wallet.

How does Avalanche work?

Avalanche is generally governed by the proof-of-stake mechanism. AVAX holders are required to stake—agree not to trade or sell—AVAX in exchange for the right to validate AVAX transactions. AVAX holders with the most staked and actively participating as validators are the most likely to be chosen for Avalanche blocks.

How do I move assets out of my Avalanche wallet?

When moving your assets out of your Avalanche Wallet, make sure to use a chain that is compatible with your destination wallet. For example, only the C-Chain wallet is compatible with MetaMask and Binance wallets. You can move your Avalanche tokens to the C-Chain wallet using the cross-chain function.

What is Avalanche wallet?

Avalanche Wallet is a cryptocurrency web wallet on the Avalanche blockchain. It enables users to tap into the Avalanche ecosystem of decentralized applications (DApps). An Avalanche Wallet has three types of addresses: X-Chain, C-Chain, and P-Chain. You can store cryptocurrencies on any of the three chains to serve different purposes.