Evergreen Subnets by Ava Labs

Ava Labs, the company behind Avalanche (AVAX) launched a new kind of subnets at the beginning of April 2023. The new technology called Evergreen is supposed to combine the advantages of public and private networks to benefit various organizations.

In this article, we will look into the Evergreen subnets and figure out how they can help different institutions with crypto adoption.

What are blockchain subnets?

Blockchain subnets are autonomic networks that exist within a larger blockchain platform. These subnets are utilized to enhance scalability, performance, and security. They are typically created by splitting the larger network into smaller, interconnected sub-networks (hence the name). These can have their own set of rules and consensus mechanisms.

Subnets make crypto transactions faster and cheaper. They can also support decentralized applications (dApps) that require a dedicated network infrastructure. Polkadot (DOT), Cosmos (ATOM), and some other blockchains offer subnet functionality.

Avalanche prioritizes the development of subnets; the team believes this innovation is the future of crypto. The Avalanche blockchain system includes three integrated blockchains, namely the Platform Chain, Contract Chain, and Exchange Chain. The validators of these blockchains form a designated subnet, referred to as the Primary Network.

What makes Evergreen subnets special?

Evergreen Subnets are created specifically with the financial organizations’ needs in mind: they need both security (which usually meant closed ecosystems) and interoperability. Furthermore, Avalanche addresses the demand for customization. 

This is why the new subnets allow institutions to operate in private chains with familiar and approved parties. Simultaneously, they have an opportunity to interact with other subnets thanks to Avalanche Warp Messaging (AWM), a communication protocol.

AWM acts as a messaging layer that allows swapping digital assets on-chain, exchanging data, etc. What is especially important for organizations that work with sensitive data, it is all achieved without having to deal with any third parties.

Therefore, the tooling permits location-based marketing and advertising, customizing fees, gas tokens, etc.

There are already finished Evergreen subnets:

1. The Spruce Testnet. It permits traditional financial organizations to have access to public blockchain infrastructure in a low-risk environment. Additionally, such institutions get a chance to try out using smart contracts in the sphere of finance.
2. Intain. It allows users to issue and trade assets within an on-chain market. 

Moreover, a number of other subnets are being developed now, for example, one that is being built by a South Korean tech company SK Planet.

Conclusion

Evergreen subnets are definitely a promising development of Avalanche products. It suits various purposes and can be used by both small teams and huge corporations or governments. If the solution lives up to the expectations, it can potentially widen the scope of companies that are using blockchain technologies significantly and accelerate crypto adoption.