Thread by @VZennl

As I said before, good news in $AVAX is an everyday thing, and this time,there's no exception to the rule.

Banff upgrade improves builders' work and will continue to make subnetting the choice of excellence for those who want decentralization. 🧵 ↓ ↓

This will be a quick way to understand how subnets move forward regarding flexibility without affecting security or compromising decentralization.

So, what brings Banff to developers?

- Elastic Subnets (permissionless subnets)
- Early subnet validator removal
- P2P Protobuf messaging
- Custom delegation fee recipients

Using elastic subnets grants people from the $AVAX community the ability to validate on a subnet by staking the subnet token in the P- Chain.

When enabling Elastic Validation, the creator surrenders their control keys, permanently locks the Subnet against modification, specifies an Avalanche Native Token (ANT) that validators must use for staking, and that will be given out as staking rewards.

There are a set of parameters that govern how the Subnet’s staking mechanics will work. Some of these configurable parameters are:

It is a must to say that enabling elastic validation it's entirely optional and it's up to the developer.

And what does mean early subnet validator removal?

Once a validator's staking time has been specified, developers of the subnet cannot delete it if it uses the wrong stake weights or performs poorly overall.

Banff may terminate validators before the end of their staking time.

Usually, that's not a big of a deal the vast majority of the time, a Subnet creator that adds a validator with the wrong stake weight or that is underperforming won’t be able to remove the troublesome validation until the predetermined staking duration concludes, until now.

Modifying $AVAX Go networking packages is tricky because p2p messaging isn't currently backwards and forwards compatible.

This issue is resolved by Banff, which uses Protobuf to serialize all peer-to-peer messages. This enhances:

Utilization of memory, bandwidth, and speed.

And the last one but not less important, a custom delegation fees recipient.

This is a novel staking transaction that unifies all token-based staking interactions is made possible by elastic #subnets.

Now that validators can designate a unique reward recipient for delegations, staking providers can pay partners for obtaining validations.

Make sure to share and save this to make people learn easily all these nice features that sometimes involve deep tech!

Also, tell me in the comments about your experience with Banff