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@avalancheavax was built to address issues of scalability prevalent in top protocols. And, with rapid popularity, Avalanche moved a step ahead to cater to its ballooning users by introducing Avalanche Subnets.
What is it?
How does it work?
Let’s Dive in👇🧵
@avalancheavax was built to address issues of scalability prevalent in top protocols. And, with rapid popularity, Avalanche moved a step ahead to cater to its ballooning users by introducing Avalanche Subnets.
What is it?
How does it work?
Let’s Dive in👇🧵
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Before we dive into #subnets
Let’s first understand Avalanche.
#Avalanche is a Proof-of-Stake smart contract platform for #dApps powered by the snowman consensus protocol with near-instant transaction finality. It has been the most successful EVM chain after #BSC.
Before we dive into #subnets
Let’s first understand Avalanche.
#Avalanche is a Proof-of-Stake smart contract platform for #dApps powered by the snowman consensus protocol with near-instant transaction finality. It has been the most successful EVM chain after #BSC.
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@avalancheavax launched its mainnet in Sept 2020 & Avalanche Rush - a Liquidity incentive Program in Aug 2021. This was a huge success & led to many #dApps migrating & bringing a lot of capital onto the platform.
Total Value Locked had reached $24B at its peak.
@avalancheavax launched its mainnet in Sept 2020 & Avalanche Rush - a Liquidity incentive Program in Aug 2021. This was a huge success & led to many #dApps migrating & bringing a lot of capital onto the platform.
Total Value Locked had reached $24B at its peak.
