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

Wrapped AVAX today, WAVAX crypto latest news of token ticker

Wrapped AVAX

Following last week’s Avalanche Evergreen announcement, today marks the launch of the Spruce Subnet!

Institutional partners including @TRowePrice, @WisdomTreeFunds, @Wellington_Mgmt & @CumberlandSays will use Spruce to test public blockchain applications.

Avalanche 🔺 (@Avax)

Telegram

Today marks the launch of the Spruce Evergreen Subnet! With Spruce, Institutional partners including T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland, will be able to test public blockchain applications in a controlled, low-risk environment. 

1️⃣ Spruce allows institutions to explore how blockchain rails, tokenization, and decentralized applications can upgrade legacy capital markets infrastructure and ways of working.

2️⃣ Ongoing feedback from institutions will be critical for infrastructure and application partners to continue to innovate with Evergreen. 

3️⃣ Institutions can then easily launch their own Evergreen Subnet as a result of their deployments on Spruce--giving them a flexible proof-of-concept platform customized to their needs. 

https://vxtwitter.com/Avax/status/1646177765211930625

Learn more here: 
https://medium.com/avalancheavax/financial-institutions-join-avalanche-evergreen-subnet-spruce-to-drive-on-chain-finance-99686b715a55

Today marks the launch of the Spruce Evergreen Subnet. With Spruce, Institutional partners including T.