Avalanche subnets are going to be transformative. The ability to launch networks with arbitrary virtual machines within the broader Avalanche eco changes the space. Eg., launch a BTC subnet, all of BTC balances, running green and efficiently with 1 sec finality.
Avalanche subnets and Virtual Machines are going to unleash a blockchain technology Renaissance. We’re at the very beginning of a huge leap forward.
How do AVAX subnets differ from DOT’s Parachains and similar ideas like XRPL side chains? A lot of projects seem to implement or consider “side chains” linked to a main ledger to increase overall network capabilities, use cases and scalability.
Community response: Its development is going to be really hard I guess. It can’t be that easy. Can it?
Can you give a glimpse on how many parties have shown interest to host a subnet? 1. Create an Avalanche subnet 2. Launch an instance of the EVM on your subnet 3. Copy over the existing Ethereum state and balances 4. Profit.
For those who are new to Avalanche: AVAX is Solidity-compatible. All of your favorite tools like Remix, Truffle, and Tenderly work out of the box.
Deploying smart contracts on Avalanche cost just a tenth of what they cost on Ethereum. High gas fees, front-running, and other adverse effects of slow smart contract blockchains are now a thing of the past.
Avalanche Virtual Machines (VMs) enable developers to easily launch blockchains with a wide array of application-specific features. The Ethereum Virtual Machine is fully running on Avalanche with more VMs to come.
Interoperability of blockchains is the future. The Avalanche- Ethereum Bridge (AEB) enables easy transfers of Avalanche and Ethereum assets between blockchains.
DeFi is rapidly growing beyond the limits of one chain. Avalanche is fully compatible with Ethereum assets, apps, and tooling with faster speeds, higher throughput, and lower fees. It provides for Asset Issuance, Automated Market Makers (AMMs), Borrowing & Lending, and Decentralized Exchanges (DEXs).
Avalanche is the best verifiable platform for institutions, enterprises, and governments. Launch assets, build applications, and create subnets with complete control over your implementation with compliance, data security, and other rule sets built into the foundation. Asset Issuance and Trading, Debt Financing, Digital Identity, and Document Tracking.
Mint your own NFTs in seconds for fees less than a cent. Digitally prove ownership, and streamline value flow. Create and share art, collectibles, and more with all the benefits and none of the downside. Art, Certifications and Licenses, Collectibles, and Credentials.
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