Avalanche unveils Evergreen subnets, aiming to boost control & intercompany communication on the blockchain. Say goodbye to third-party bridges!
Ava Labs, the developer of the Avalanche layer-1 blockchain platform, is introducing new institutional deployments to improve the blockchain environment.
“Currently, many institutions are building use cases on enterprise blockchains such as Corda, Hyperledger, Quorum or R3, which inherently are not interoperable and rely on third-party bridges,” Krupetsky said. With Evergreen subnets, member institutions will be able to communicate with each other without relying on third-party bridges, seamlessly transferring assets, proceeding with trade confirmations and other messages, the executive noted.
Visual representation of how subnets reside in the Avalanche network, compared with topologies of inter-chain economic security in Cosmos and Polkadot. Source:In contrast to default subnets, Evergreen subnets have certain built-in features aiming to provide a ready-made product for institutional blockchain deployments, such as user and validator permissioning, jurisdictional-based geofencing, custom gas token selection, and Ethereum Virtual Machine compatibility, Krupetsky noted.
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