of clicking the like button is pretty much immediate so if you do us a big favor to support our hard work on creating these unique high value explainer videos it would mean a lot to us so now that i've basically explained how the avalanche consensus model works let's get into the real thing where avalanche shines it's network infrastructure so first off avalanche has one primary network that network has actually three built-in blockchains with it that's right avalanche just isn't one blockchain it is at least three but we'll get to that in a second so the first blockchain in the network is called the x chain this is the part specifically for creation management and transaction of tokens on the network now the engineers would tell us in technicality this is actually based on a dag which is a unique form of a consensus model unlike a blockchain but it is out of the scope of this video i just thought it would be interesting to add that the avalanche team is not married to one protocol next up we have the c chain so the c chain is specifically for smart contracts it is actually an exact copy of the ethereum virtual machine so that way you can instantly copy and paste and start using ethereum dapps on the avalanche network in my opinion they were very smart with this allowing developers to move their projects over without doing much work this chain also uses something called the snowman protocol which i'll talk about in a minute so we have the x chain for transactions we have the c chain for smart contracts next we have the p chain or the platform chain and it is specifically for management of the subnets it also coordinates all the validator nodes and the staking mechanism now this brings us to a very big and very important question what are subnets well each subnet is a new network in the avalanche ecosystem that's right this system is scalable in so many ways let me try to explain subnets each subnet can have multiple blockchains just like the primary avalanche network secondly each blockchain in a subnet can have its own consensus model now from what i've heard this means if you're creating one you can pick proof of work or proof of stake depending on your needs another really cool thing is that each blockchain can have its own vm or virtual machine you can copy the ethereum virtual machine just like the primary chain did another important thing about these subnets that i didn't really understand at first is that they can be permissionless or permissioned this means that they can either be public or private blockchains now you might start to understand the purpose of this if you are a government and you want the full power of a blockchain without developing the groundwork you can just add a subnet in avalanche's ecosystem maybe you're a government or maybe you're a business or an organization or some other protocol needing to use these very powerful tools without wanting to actually invest in something new in avalanche you can even change the rules for each blockchain in your network you can make it so that it is compliant across many different geographic or political requirements for example you could say every validator in your subnet needs to have a license or maybe they need to fill out certain tax information avalanche is built to be able to create and follow rules like that one last important thing that i
START_INTERACTION_TOKEN of clicking the like button is pretty much immediate so if you do us a big favor to support our hard work on creating these unique high value explainer videos it would mean a lot to us so now that i've END_INTERACTION_TOKEN