The NYSE president is shilling avax
What’s the thesis? I don’t know Avalanches gimmick
>>62885753the thesis is multiple exchanges, funds, payment processors, and tokenization platforms spinning up subnets and issuance on avalanche and using avalanche warp messaging to communicate to each other and using ccip and avalanche's instant finality to go to other chains. making avalanche the de facto institutional liquidity hub
>>62885767Ok but in English, why is this better for the nyse needs then a secure chain like eth or a fast chain like sol
>>62885776avalanche has spent the last few years creating tooling specifically for institutions. kyc, compliance, etc, are all baked in to their "avalanche evergreen" product. these subnets are just as fast and cheap as solana with none of the baggage, and allow the institution to have full sovereign control over their particular subnet. bonus: like solana, and unlike ethereum, avalanche is based in the USA.
>>62885776These are all paid meme partnerships, just like the qnt one, check the price of the coin!
>>62885776To be honest all L1s are interchangeable now and almost all of them have cross chain support so tbis whole choosing a chain thing is kinda dead you can use any lol.
>>62885792I think it's disingenuous to say they're using Avalanche blockchain when it's not the public chain that uses AVAX but a permissioned and private Avalanche Evergreen chain. I still think private chains are needed and make it easier to bridge/communicate with public chains, but this just looks like a marketing stunt. Getting publicity like this is nothing new from Avalanche though.>>62885776It's a private and permissioned chain similar to R3, Hyperledger or Quorum. It's secure and fast because it's 100% centralized by design. >>62886414Only if they use EVM and like 95% of smart contract chains do.
>>62885745Avalanche is going down faster than you can say "double nigger"
>>62886497this is how the Avalanche blockchain works. there is no "Avalanche mainnet" in the way that you might understand it. The closest thing would be C-Chain. All subnets ARE Avalanche. Subnets would not be able to communicate instantly without being part of Avalanche itself
>>62886547Erdogan
>>62885776Because avax was designed with corporate needs in mind.
My how extensive and deep conversations that has been had in this thread on a very promising completely non-shilled project I guess my money is safe in a project used by unaccountable faceless actors within the legacy financial world once again. TO THE MOON BOOM ASSEMBLE VAXX CHADS
>>62885745lol
>>62885792wait so if it has kyc and compliance and its private then whats the point?to me it sounds like it just opens you up to more risk
>>62886844Avalanche is a combination of blockchains (subnets) that have their own validator sets and rules. When people talk about "Avalanche Blockchain" (like OP picrel says) 99% of time they mean the C-Chain. The headline should've said "Avalanche Network" or "Avalanche Ecosystem" instead.>>62888693>if it has kyc and compliance and its private then whats the point?Easier communication with other chains, public and private. Basically an intranet that's connected to the internet.
>>62888693finality is fast between avalanche L1s/Subnets because it has its own native messaging system, the P-Chain handles the platform and knows all of the validators in the entire network, people can also validate each others chains and the p-chain will know this which is a useful feature. It isn't just loads of L1s that know nothing about one and other, Avalanche was designed as a blockchain of blockchains and for fast finality.
