/biz/ - Business & Finance

>>52670345
>why aren't banks/exchanges/etc. all moving to blockchain technology?
Because up until recently it wasnt really possible to run their own decentralized Blockchains. Avalanche Subnets (and Chainlink Oracles) change this.
A Subnet is a sovereign network which defines its own rules regarding its membership and token economics. It is composed of a dynamic subset of Avalanche validators working together to achieve consensus on the state of one or more blockchains. Each blockchain is validated by exactly one Subnet, and a Subnet can have many blockchains. A validator may be a member of many Subnets.
Subnets are independent, they specify their own execution logic, determine their own fee regime, maintain their own state, facilitate their own networking, and provide their own security. They don’t share execution thread, storage1 or networking with other Subnets including the Primary Network, effectively allowing the network to scale up easily while enabling lower latency, higher transactions per second (TPS), and lower transaction costs provided by the Avalanche Consensus.
Subnets can have their own token economics with their own native tokens and fee markets. They can launch their own blockchains with customized virtual machines.

>>52618299
>all subnets create are their own defi scams
It can do a lot more than that.

>>51582022
2000 AVAX is the make it stack.

>>51546203
and thats just the beginning, John Wu will onboard various Trillion Dollar markets.

>>51525348
John Wu the President of Ava Labs will bring Mortage Backed Securities to Avalanche, thats Trillions of Dollars! Hes networking himself into the Federal Reserve right now.

Never bet against John Wu, did I mention his Fund was seeded by Blackstone?