AVALANCHE SUBNET-A FACTORY OF BLOCKCHAINS
Nowadays, we can't talk about #Avalanche without talking about SUBNET. 2022 promises a boom year for subnets.
In this thread, we will explore interesting things around subnetting in general and @DefiKingdoms in particular.
#AVAX
Nowadays, we can't talk about #Avalanche without talking about SUBNET. 2022 promises a boom year for subnets.
In this thread, we will explore interesting things around subnetting in general and @DefiKingdoms in particular.
#AVAX
1. WHAT EXACTLY IS A SUBNET?
Subnet fundamentally is a new #Blockchain that runs on @avalancheavax Ecosystem. Subnet and virtual machines are truly going to usher in a revolution of blockchain technology.
#AvaxholicEducation #AVAXDT #CSSADT
Subnet fundamentally is a new #Blockchain that runs on @avalancheavax Ecosystem. Subnet and virtual machines are truly going to usher in a revolution of blockchain technology.
#AvaxholicEducation #AVAXDT #CSSADT
3.1 To understand the power of subnets, we need to talk about blockchain scalability.
Without sacrificing decentralization, there are two ways to expand blockchain capacity: vertically or horizontally.
In short, faster chains or more chains.
#AvaxholicEducation #AVAXDT #CSSADT
Without sacrificing decentralization, there are two ways to expand blockchain capacity: vertically or horizontally.
In short, faster chains or more chains.
#AvaxholicEducation #AVAXDT #CSSADT
3.2
1⃣Vertical scaling
Process transactions faster
-To increasing processing speed, requires more efficient data structure or hardware upgrade of the computer.
2⃣Horizontal scaling
Increase capacity by executing multiple blockchains in parallel
#AvaxholicEducation #AVAXDT
1⃣Vertical scaling
Process transactions faster
-To increasing processing speed, requires more efficient data structure or hardware upgrade of the computer.
2⃣Horizontal scaling
Increase capacity by executing multiple blockchains in parallel
#AvaxholicEducation #AVAXDT
4. TOPOLOGY OF INTER-CHAIN ECONOMIC IN AVALACHE
Subnets are @avalancheavax's form of horizontal scaling.
Take a look at the image to better understand the horizontal scaling architecture of #avalanche
#AvaxholicEducation #AVAXDT #CSSADT #cryptocurrencies
Subnets are @avalancheavax's form of horizontal scaling.
Take a look at the image to better understand the horizontal scaling architecture of #avalanche
#AvaxholicEducation #AVAXDT #CSSADT #cryptocurrencies
6. HOW CAN I RUN ON SUBNET ?
Subnets require two main things to build:
🔺A virtual machine: How to process transactions
🔺A validator set: Who can process transactions
#AvaxholicEducation #AVAXDT #CSSADT #Blockchain #Crypto
Subnets require two main things to build:
🔺A virtual machine: How to process transactions
🔺A validator set: Who can process transactions
#AvaxholicEducation #AVAXDT #CSSADT #Blockchain #Crypto
7. But why should we choose to build a subnet?
All subnets can be considered as a #Blockchain #Layer1
#AvaxholicEducation #AVAXDT #CSSADT #Crypto
All subnets can be considered as a #Blockchain #Layer1
#AvaxholicEducation #AVAXDT #CSSADT #Crypto
9.
🔺Users must bridge assets from @avalancheavax to the @DefiKingdoms chain in the same way that they bridge assets from @ethereum to @Optimism or @arbitrum.
🔺@avalancheavax subnets will have extremely low gas fees.
#AvaxholicEducation #AVAXDT #CSSADT #Blockchain
🔺Users must bridge assets from @avalancheavax to the @DefiKingdoms chain in the same way that they bridge assets from @ethereum to @Optimism or @arbitrum.
🔺@avalancheavax subnets will have extremely low gas fees.
#AvaxholicEducation #AVAXDT #CSSADT #Blockchain
10. DFK CHAIN - CASE STUDY
Following the #launch of @DefiKingdoms's subnet, @SynapseProtocol more than doubled volumes to a record $330M and accounted for 82.5 percent of total bridging volume.
#AvaxholicEducation #AVAXDT #CSSADT #cryptotrading
Following the #launch of @DefiKingdoms's subnet, @SynapseProtocol more than doubled volumes to a record $330M and accounted for 82.5 percent of total bridging volume.
#AvaxholicEducation #AVAXDT #CSSADT #cryptotrading
@SynapseProtocol, a bridge protocol, has seen an increase in traffic as users migrate assets to DFK's new subnet. Prior to March 31, Synapse had never seen volumes exceed $157 million.
11. The demand to buy $JEWEL to mine #APY high spike => token price increased to 11$ from only 4$ 2 weeks ago
#AvaxholicEducation #AVAXDT #CSSADT #Blockchain #cryptocurrencies
#AvaxholicEducation #AVAXDT #CSSADT #Blockchain #cryptocurrencies
Did you find today's topic useful and interesting?
If you have any questions related to the subnet, please comment below 👇, or discuss here 👉 t.me
Thank you! 🥰
If you have any questions related to the subnet, please comment below 👇, or discuss here 👉 t.me
Thank you! 🥰
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