X-Chain refers to a specific blockchain layer within the Avalanche platform. It is primarily designed for transferring and managing assets, particularly those represented as Avalanche’s native tokens.The X-Chain operates using a consensus mechanism called Avalanche Consensus, which allows for high transaction throughput and low latency. This enables rapid asset transfers and quick confirmations, making it suitable for decentralized finance applications.One key feature of the X-Chain is its focus on asset creation and exchange. Users can create new assets on this chain, benefiting from the Avalanche platform’s features such as custom rules and smart contracts.Transactions on the X-Chain are also secure and can be easily verified, promoting trust among users. In summary, X-Chain is an integral component of the Avalanche ecosystem, enabling efficient asset management and transfer while leveraging advanced consensus mechanisms for enhanced performance.