Avalanche Launches ‘Evergreen' Subnets for Institutional Blockchain Deployments
Avalanche, a layer-1 blockchain platform, has announced the launch of Avalanche Evergreen Subnets, a suite of institutional blockchain deployments, customizations, and tooling designed to address company-specific and industry-wide requirements for financial services. 🚀
Evergreen Subnets have the scale of public blockchains, with the security and control of private blockchains. They enable institutions to pursue their blockchain and digital asset strategies in private, permissioned chains with known and approved counterparties, while retaining the ability to communicate and interoperate with other Subnets through Avalanche's native communication protocol called Avalanche Warp Messaging (AWM). 🌐
What are Evergreen Subnets?
Evergreen Subnets are a type of Subnet, which is a dynamic set of validators working together to achieve consensus on the state of a set of blockchains. Subnets are independent and don't share execution, storage or networking with other subnets or the primary network, which allows Avalanche to scale without limits. 🚀
Evergreen Subnets have certain built-in features aiming to provide a ready-made product for institutional blockchain deployments, such as user and validator permissioning, jurisdictional-based geofencing, custom gas token selection, and Ethereum Virtual Machine compatibility. 💯
With Evergreen Subnets, institutions can launch their own Subnets for either research and development purposes or production-ready use cases as they continue exploring blockchain benefits around process efficiencies, transparency, composability, asset tokenization, and more. 💡
Why choose Evergreen Subnets?
Evergreen Subnets offer a perfect synthesis of the strengths of public and private blockchains, which is why they are so thrilling to debut on Avalanche. 😍
Unlike traditional enterprise blockchains that are hindered by a walled-garden approach that restricts liquidity and interoperability from initiative to initiative, Evergreen Subnets maintain the benefits of public network development while enabling particular features historically only possible within enterprise solutions. 🙌
With AWM, member institutions can communicate with each other without relying on third-party bridges, seamlessly transferring assets, proceeding with trade confirmations and other messages. AWM provides a messaging layer that enables on-chain asset swapping, data transfer, confirmations, and other types of intra- and inter-institutional communications without relying on third party intermediaries or bridges. 🔥
How to get started with Evergreen Subnets?
If you are interested in launching your own Evergreen Subnet on Avalanche, you can visit the Avalanche documentation to learn more about the technical details and requirements. You can also contact the Avalanche team to get support and guidance on your blockchain journey. 🙋♂️
Avalanche is a fast-growing blockchain platform that offers unprecedented scalability, security, and interoperability for any use case. With over 300 projects building on Avalanche, including DeFi, gaming, NFTs, enterprises and institutions, Avalanche is becoming the ultimate destination for innovation in the blockchain space. 🚀
Are you ready to join the Avalanche revolution? 💥