Avalanche cryptocurrency is a platform developed by Ava Labs, which allows anyone to create their own multifunctional blockchains and decentralized applications (dApps). The system is designed to eliminate some of the limitations of older platforms, including low transaction speed, centralization and scalability. To do this, the project uses its own innovations. First of all, they include the unique Avalanche consensus protocol, which shows low latency, high throughput and resistance to attacks.

AVAX news today, Avalanche crypto latest news of token ticker

Avalanche

One more idea from me:

Utilize the stateless vm developed by @_patrickogrady and @stephenbuttolph , known as "litevm," to establish a clear separation between the execution and data layers within small subnets designed for individual dApps. By doing so, we can eliminate the necessity for intricate tokenomics mechanisms while inheriting a shared security layer. This strategic shift could significantly alleviate the challenges faced by developers, which, in my opinion, represent the primary obstacles to creating scalable and future-proof dApps. 

When I engage in conversations about blockchain and dApps with my fellow computer engineers who lack familiarity with web3 technology, they often find it difficult to understand the concept that even when you develop a dApp on the mainnet, the associated fees can be exceptionally unpredictable. In some instances, these fees can render their apps completely inaccessible. It's a major concern for developers because no one wants to invest time and effort into a project that may not function reliably in the future due to external issues.

Moreover, when I introduce the idea of creating a separate subnet, they struggle to grasp the essential need for social-economic security measures aimed at incentivizing validators.

To eliminate these issues, we can introduce a concept called "LiteNet Subnet" as a unified execution pool or layer. Subnet creators would have the option to register their subnets with LiteNet by paying a nominal upfront fee and contributing monthly or yearly rents in AVAX tokens. This process is akin to leveraging the security infrastructure of the primary network for transaction execution.

Within the LiteNet virtual machine, we would treat each smart contract as a distinct subnet and leverage parallelization to execute their transactions concurrently. The sole responsibility of LiteNet would be to execute these transactions, without the need to store them (although it might store transaction hashes to ensure data integrity for new DAC members). This approach ensures that state growth remains minimal or even nonexistent.

Consequently, the subnet owners would have a singular task: establishing their own Data Availability Layer or, in the future, after they have had enough time to become familiar with the rest of the ecosystem and other primitives related to decentralization, they can start offering customized incentives to individuals and forming a Data Availability Committee (DAC). 

This process is analogous to a full-stack developer renting a server to host their website, making it a straightforward and familiar task for them.

The complete process would be:

1. Create a subnet with your dApp (even though I don't like the word "app," this might be called something like "app network" to indicate simplicity to devs)

2. Rent a server to store your app chain's data

3. Register it to the LiteNet

That's all. Now you have your own scalable dApp for a fraction of the cost of launching a full subnet.

Twitter

Немного мыслей от @demirelo и @furkanrypt
с замечательными идеями о том, как сделать подсети более доступными. Именно такие обсуждения нам хотелось бы видеть в нашем сообществе 👍

Немного мыслей от @demirelo и @furkanrypt. с замечательными идеями о том, как сделать подсети более доступными.