Avalabs mission is to digitize all things. That is a huge part of what Subnets offer.
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WHAT ARE SUBNETS
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Subnets are not only for Crypto related projects but they have enterprise use. This is MASSIVE. Currently Avalanche has partnerships with an electric vehicle company in Turkey, they have a subnet being build for ILO (Initial Litigation Offering), Deloitte which is an emergency service in the US, Banksy and many others. The implications of the enterprise side of things cannot be understated as this can be an on ramp for massive centralized companies and Web 2 companies to enter the space seamlessly and also integrate directly into the AVAX ecosystem.
FUNCTION
Subnets allow the number of transactions to scale infinitely as new subnets are created that each host different aspects and specific build outs.
Anyone can create a subnet under the Avalanche umbrella. You can create whatever you want. You can start an EVM or your own VM. Your own fee structure. You get isolation from the abalanche C-Chain so if it gets too busy or crowded you are unaffected. Subnets can connect with eachother completely decentralized but if you want to connect to the C-Chain you have to connect via a hub of some sort.
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Subnet Examples That Can Be Built
- Application-specific
- Enterprise specific
- Assets that require regulatory compliance
- Performance-oriented
- EVMs or your own new VM
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Avalanche is currently working on new VM’s for difference use casees. EVM is the de facto VM but Avalanche team sees improvements that can be made specifically Emin the CEO of Ava Labs. They are also working on new coding langauge.
VIDEOS
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