Avalanche is an open source platform for launching decentralized applications and enterprise blockchain deployments in an interoperable and highly scalable ecosystem.
In this article, we will discuss:
Avalanche Ecosystem
The Avalanche ecosystem tries to address the shortcomings of previous blockchain technologies such as centralization, scalability and security. Most people who are end users might be interested in Avalanche because of what they can do with it: that is, it is considered an excellent platform for decentralized finance (DeFi) tools like Automated Market Maker (AMM) Pangolin.
Avalanche currently has much lower gas fees than Ethereum, can perform thousands of transactions per second, and uses a Proof-of-Stake consensus mechanism that is more decentralized and may be more secure than Proof-of-Work blocks. .
Avalanche is subdivided into three distinct blockchains
Unlike most DLT (Distributed Ledger Technology) networks, Avalanche is subdivided into three distinct blockchains.
avalanche blocks
A X Chain is a decentralized platform for creating and trading smart digital assets, a representation of a real-world resource.
A P-Chain is blockchain of metadata in Avalanche and coordinate validators, tracks active subnets and allows the creation of new subnets.
A C-Chain is an instance of the Ethereum Virtual Machine powered by Avalanche.
How to add the Avalanche network to the MetaMask
In this guide, you will learn how to add the Avalanche network to MetaMask. In addition, I will explain how to send AVAX coins to Binance's MetaMask via the Avalanche wallet. The avalanche blockchain is gaining popularity as an alternative to Ethereum primarily because of cheaper transaction fees. Avalanche is an open source platform that allows you to build decentralized applications. On their website, they claim to be blockchain faster, cheaper and more secure than Ethereum.
Transaction time is 3 seconds and transfer rate is 4500 TPS (transactions per second). That's why the user experience is similar, if not better. To follow this guide, you need to have a MetaMask wallet installed. Follow this guide on how to install MetaMask if you don't already have the wallet. There are a few steps to follow, but this is a complete guide from A to Z.
Configuring the Avalanche Network in MetaMask
1. First, click on the circle in the upper right corner and select Custom RPC.
2. Copy and paste the main network details as shown in the image below. Click save when finished.
- Network name: Avalanche Network
- New RPC URL: https://api.avax.network/ext/bc/C/rpc
- String ID : 0xa86a
- Symbol: AVAX
- Explorer: https://cchain.explorer.avax.network/
Creating Avalanche Portfolio
We need to create an Avalanche wallet that we can use as a bridge between Binance and Metamask.
1. Now we need to install the Avalanche wallet https://wallet.avax.network/ . Click on create a new wallet.
2. Click generate keyphrase.
3. Write your keyphrase and continue.
4. Enter the missing words and check.
5.Press access wallet.
6. Export the private key as it may be necessary to restore the wallet with the keystore file during the process.
7. Copy string X.
8. Now, when we have the Avalanche wallet ready, we need to fund it with some AVAX coins. The best way to do this is to buy it on an exchange like Binance. So go to Binance.com, select markets and select AVAX with the currency you want to buy (BNB, BTC or USDT).
9. Open your wallet in Binance trading, select Avalange currency (AVAX) and click withdraw.
10. Follow the steps below. One step pastes the address you copied from step 8.
After a few minutes, the transaction will appear in your Avalanche wallet.
Sending AVAX from Avalanche wallet to MetaMask
We will now send AVAX from the Avalanche wallet to MetaMask.
1. We need to transfer coins between chains, so please follow the steps below.
2. Now go to MetaMask and copy the address. Make sure you are on the Avalanche network.
3. Click send, then choose string C, enter the quantity, paste the address you copied from MetaMask and confirm.
After a minute, your transaction will appear in your Metamask wallet.
Congratulations, now you know how to add Avalanche Network to MetaMask and send coins to it through the Avalanche wallet.
Conclusion:
That is all! We hope this guide is helpful. Be very careful when tinkering with blocks from different blocks, especially when you're putting value on them. Always try to transfer with small amounts to check that everything is working and to make sure everything is fine. Only then should you proceed with big transfers.
Sending AVAX to your MetaMask Connected to Avalanche and sending coins from the Metamask Avalanche network can be quite confusing at first. But you'll get used to it quickly. After getting funds for the Avalanche blockchain, you can start trading and exchanging ARC 20 tokens. For example, you have tools like Automated Market Maker (AMM) Pangolin (https://pangolin.exchange/) and many other amazing DApps .
