Thread by @traderjoe_xyz

#Avalanche

...The place where it all started for Trader Joe, dive down to learn more about how #Avalanche are shaping up an innovative hyper-connected and truly decentralised network 🔺

#TraderJoeBlockchainBasics

In its whitepaper #Avalanche is described as a "high-performance, scalable, customizable, and secure blockchain platform".

Compared to many other solutions, it’s not a single blockchain but a collection of horizontally scalable networks and chains.

The most well-known Avalanche chain is the Contract Chain (C-Chain).

It is fully EVM-compatible and has become a home for multiple innovative DeFi and NFT applications, including Trader Joe.

Exchange Chain (X-Chain) exists for easy issuance and treading of digital assets with programmable behaviours.

Finally, the Platform Chain (P-Chain) coordinates the behaviour of validators and manages new and existing subnets.

While the primary network exists to validate C, X and P-Chains, everyone can create their own subnet according to their specific needs.

Subnets are perfect for institutional applications and usecases such as gaming.

Each subnet is completely independent of the main network.

There is only one requirement - subnet validators must also validate the primary network, helping keep the ecosystem connected, growing and stable.

With the introduction of Elastic Subnets, subnets gained the ability to run their own Proof-of-Stake mechanism using their own token, becoming fully permissionless and open.

Perfect for self-sustaining gaming economies that want to keep full immersion and clean UX.

Subnets come with huge flexibility. Besides being able to run their own PoS, subnets can choose their own execution environment.

EVM is great at many things, but sometimes a more specialised virtual machine is needed...

HyperSDK framework allows anyone to build a high-performance VM that suits their specific needs.

By abstracting away runtime complexities developers can simply plug-into a lightning fast execution environment, reducing build time from months to days.

Blockchains on two different subnets can communicate with each other through the Avalanche Warp Messaging protocol, an innovative step towards driving connectivity across the network.

Compared to traditional bridges, AWM removes the need for trusting a third party.

Subnets are vital for Avalanche's roadmap and infinite scaling, but its novel consensus mechanism is equally important.

It allows the network to achieve 4500+ TPS and reach finality in a couple of seconds without sacrificing decentralisation

💯

Avalanche has low hardware requirements for validation and can support thousands of them at the same time, while subnets allow people to build applications they want to build without constraints or limitations.

#Avalanche is the future-proof blockchain that's built to scale.

With Avalanche’s:
• Novel consensus mechanism
• Highly customisable software stack
• Commitment to decentralisation and the growth of Web3

It's no surprise why games, companies and DeFi applications have #ChoseAvalanche to build on.

🔺