They’re tokenising funds for blockchain integration.
Not just any blockchain though.
They’re using Avalanche’s subnets.
Why are Avalanche’s subnets so bullish? 🧵👇
1: Exploring Avalanche's Subnet Technology
A Subnet is a self-governing network within the Avalanche system, setting its own rules about membership and how its tokens work.
It's made up of a changing group of Avalanche validators who work together to agree on the status of one or more blockchains.
Each blockchain is checked by just one Subnet, but a Subnet can check many blockchains.
2: The Primary Network of Avalanche
It’s run on three chains.
- The Platform Chain (P-Chain):
The base layer of the network.
- The Contract Chain (C-Chain):
Where smart contracts are managed.
- The Exchange Chain (X-Chain):
Used for trading and transactions.