/biz/ - Business & Finance

>>50568307
pretty much an open secret at this point

>>50568307
why an institutional subnet?

>>50570078
because they are avax end game

>>50570706
>avax end game
isn't avax just VC pump and dump?

>>50571070
in the same way that Apple or Microsoft are VC pump and dumps yeah

>>50571070
in the same way that Apple or Microsoft are VC pump and dumps, yeah

>>50568307
Please don't pump, I'm still buying...

>>50568307
we already have ethereum

>>50573490
Ethereum cant scale and has a finality time of 14 minutes.
ETH has no future.

>>50571070
Yes. Sell immediately.

>>50573633
>Ethereum cant scale
with merge it will be able to

>>50574228
>with merge
the merge will only transition ETH to PoS. We are still waiting until 2024 for the verge which will increase TPS to 10K which will further increase to 100K after the surge by 2031.

>>50568307
Unironically sold cya at 8-12 dollars

>>50568307

great day to get avax :)

>>50574416
>We are still waiting until 2024 for the verge which will increase TPS to 10K
and has avax solved this? How?

>>50575346
it's a great product now

while eth sucks now and is promising dreams and fairtytales in the always distant future. they've acquired seemingly insurmountable technological debt

>>50575669
How do subnets scale AVAX? From my understanding they are capped at 4k tps per subnet which isn't enough for high throughput applications (even some apps on sol see more usage than this at peak times). Also is there atomic composability between subnets? How are transaction fees kept down if we have high usage on multiple subnets which transfer assets between them, last time a couple started getting some usage fees jumped to eth prices? Also is the base chain serving subnets capped to 4k tps as well?

>>50575795
do i look like a dev? I will try to answer though

avalanche consensus scales with validators O(log(n)) instead of O(n^2) so it is fundamentally better. SOL only (seems to) perform better here because they sacrifice decentralisation with insane hardware requirements and use dishonest methods to pump up their numbers

as far as I'm aware the devs are working on inter-subnet communication

those jumps in fees were because of programming, not because of fundamental limitations. fee spikes are coded in to stop the network going down in times of high demand. after this incident they changed a few parameters and it's never happened again - the fees have been low doing like 80% of ethereum's load

even if you buy into L2's as the king scaling solution, avax is the best settlement layer so ethereum is obsolete tech without network effects

>>50575669
>they've acquired seemingly insurmountable technological debt
explain how they will solve scaling

>>50575795
>capped at 4k tps per subnet
no, a subnet can decide to have beefy validators with good connexion. for example an institution can decide to use only high-specs validators like solana with custom VM to have solana-like tps.

>>50576592
>avalanche consensus scales with validators O(log(n)) instead of O(n^2) so it is fundamentally better
why should this be better?

>>50577034
I just did

better consensus protocol + horizontal scaling with subnets. if a dapp is taking up too much network space on c chain it can be moved to its own subnet. this has already happened with crabada and defi kingdoms

>>50577087
>why is 2 bigger than 1?

>>50577087
I meant O(nlog(n)) not O(log(n)), my bad

avalanche consenus scales with validators according to purple graph

other consenus protocols are typically O(n^2) so scale according to blue

>>50568307
Geez man you uploaded the wrong link, did you meant this one?
https://coinmarketcap.com/currencies/shiba-predator/

>>50568307
all the replies following the main tweet seem like bots....

>>50573633
finality doesn't really water. tradi has no finality and we've been using it forever

>>50577056
but what would this institution gain from using an Avalanche subnet? why not make their own blockchain (or DAG or whatnot)? there seem to be little benefits from using Avalanche subnets if you're going to build your own VM and high-spec validators. if there was shared security and synchronous composability between subnets, yes I'd see the incentive but at this point in time there is nothing like it. might as well start over on a new chain from scratch, no?

>be AVAX
>claim to be “scaling solution”
>somehow manage to bring gas fees to $14
TOPKEK
Polygon never had their gas fees cross $1 even with one of the nastiest DDOS attacks

>>50580804
Lmao
Polygon has some of the biggest names on earth working with them. Facebook, Instagram, Stripe, Coca Cola and many more.

What the fuck does AVAX have

>>50580943
Mastercard, Paypal, the Bank of England, the US Government, Deloitte, Chainlink Subnet is coming too, even the ones you named will eventually ditch your ghostchain for Avalanche.
Hyperledger is also becoming a Subnet and probably the entire consortium is also Cosmos is becoming a Subnet, many L2s want to become Subnets too as Emin had already confirmed.

And John Wu brings Avalanche everyone whos important in TradFi. he knows them all thats why hes President of Ava Labs, the guy was seeded by Blackstone and is a Legend on Wallstreet.

>>50580750
Same reason why people dont just build their own oracles and instead are using Chainlink or why Companies turned to SaaS instead of running their servers in their Basement to host their website. With Avalanche its similar, its Blockchain as a Service (BaaS).
Basically with Avalanche you dont have to build your own Consensus and dont need to bother with Technical questions that you dont really care about as you only want to serve your usecase.
Like Mastercard or any other company doesnt want to spend resources on figuring out the Blockchain trilemma, they just want to run their VM and have it work. Avalanche provides that and its becoming the AWS of Crypto.
So basically its all about outsourcing these technical Problems to Avalanche who solved them all.

>>50580692
>Finality doesnt matter

>be you
>borrow money using DeFi
>market shits the bed
>you have a bit of time to adjust your position
>you are on ETH2 it takes 14 minutes
>your shit never goes through and you get liquidated
>on Avalanche you would have adjusted the loan in a second and survived another day

If you cant see why Sub Second finality is important you probably arent using any DeFi tho and just sit with your coins on a centralized exchange like a cuck.

>>50581282
You're bullshitting hard here
>Mastercard
Only a nothingburger generic "cooperation" announced
>Paypal
Lie
>Bank of England
Emin has only spoken with them for IC3 last year, nothingburger
>US government
Lie
>Chainlink subnet
No source whatsoever, probably lie
>many L2s want to become subnets
Lie, they only announced to build support for L2s, nothingburger

>>50571070
lol

>>50581462
>he doesnt know and copes
kek, you can buy the news later on.

who the fuck cares when there's polygon partnering with kaleido to pave the way for enterprises to build their custom-made blockchain that perfectly fits their business, meaning matic is accelerating blockchain and web3 mainstream adoption

>>50581688
Because you're a fucking Indian.

>>50581462
>You're bullshitting hard here
lol

>>50581462
>>Paypal
>Lie

>>50581462
>>US government
>Lie
correction: US and State governments

>>50581462
>US Government
Deloittes CAYG app is built on as an avalanche subnet. We will never have a Hurricane Katrina type FEMA issue again. I feel bad for all those folks that lost everything and didn’t receive their FEMA funds.

>>50573633
did you try and use avax during peak euphoria where it would react 0.5% of eth's congestion ? You'd be getting 15-30$ equiv gas fees.
>Muh Efirium killer #724156

In your fucking double spending turk roach dreams

>>50585149
>where it would react 0.5% of eth's congestion
AVAX flipped ETH's transaction volume back in January while maintaining transaction fees of around 23 cents compared to ETH's $63. Currently AVAX is at 0.9M transactions per day compared to ETH's 1.2M TPS. AVAX fees are even lower now thanks to subnets and the finality time is still subsecond, something Nakamoto coins like ETH will never achieve or even come close without sacrificing decentralization(SOL, FTM)

>>50573633
eth has literally no legal settlment finality, neither has avax btw. Blockchains can inherently not have legal settlment finality

lol avax you niggers still shilling this crap? l1 race is done nice job not selling those bags lol

>>50585318
yes. No one won and the future is asics

>>50574228
Not really. It'll still suffer the same scaling bottlenecks that all other POS chains eventually suffer from....except for one.

>>50585307
hey retard, Finality means when the Transaction is finalized.

You send a tx it takes 14 minutes on Ethereum until it arrives, often requiring more confirmations. in these 14+ minutes you get FUCKED in the ass because you couldnt adjust your leverage.
on Avalanche Finality is SUB SECOND.
you send the tx and its done before you even refresh the page.

>>50586088
yeah, that is the definitions for ponzi chains, not the legal definition

>>50583449
>Exploratory talks
You mean like how XRP has been rubbing elbows with every bank on Earth for 8 years and still has 0 users?

>>50586114
>retard suffering from Microcephaly doesnt even know what I'm talking about

>>50586335
you talk about some shit tx being in the state at some according to the marketing department of 3 arrows extremely small t.
I talk about legal settlement finality, something necessary for a real Institution even looking at a settlement layer.
https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:31998L0026

dlt in the form of avax, dot, eth and the other merry band of scams doesn't comply and by design never can

>>50587004
>braindead moron still cant figure out what Finality means and instead keeps on blabbering about random shit nobody asked for.
what an imbecile.

>>50587004
let me spell it out so even your 2 low IQ braincells can understand it:

>FINALITY meaning the moment when parties involved in a transaction can consider the transaction to be completed.
>More specifically, this is the moment when it becomes impossible to revert or alter
a transaction that has been added to the blockchain.

on ETH2 this takes 14+ minutes
on Avalanche this is SUB SECOND.

you understand now you retard?

>>50587102
either way roach merchant, avax, eth, ftm, sol and all the others have no future outside of being ponzi platforms. nice financial revolution

>>50587138
that is what I said, tx is added to the state of the ledger. Sure, only that the way avax and others add a tx to the state of the blockchain and finalize it, can never be compliant with regulations, and no chance regulations are going to be retailored for beta versions of dlt

>>50587186
They just make it a Subnet and then it works.
But seems like you are too low IQ to understand what that even is.

>>50581688
Begone street shitter

>>50587287
>the world is going to run on my duct tapped beta test dlt
you sound like a communist, kurdish roots?

>>50587412
Listen mouthbreather, Avalanche Subnets are fully customizable and can run any VM.
The Subnet creators can build it however they want and need it.

>>50587463
subnets still being reliant on avax processes, no matter what vm you slab on the sub. sorry to crash all of you ponzi platformers dreams, but 3arrow and gayscale is the most of an institution your space gets. Read the doc and just look for yourself how much avax would need to be changed from the ground to be allowed to compete.

>>50587412
You do realise emin and team are the world leaders in distributed systems? Why would the world run on something that is inferior to their product? Governments and corporations aren't going to waste their time developing their own solutions

>>50586133
Waiting for XRP to win their suit and I'm buying LOX and SOLO in the XRPL

>>50587753
>subnets still being reliant on avax processes
nope, they dont share security and would work just fine even if the C-Chain or any other subnet has a problem.
>to be allowed to compete.
it not only competes, it has already won this game.
of course Laggards like you who dont know anything wouldnt have noticed.

>>50587186
>no chance regulations are going to be retailored for beta versions of dlt

>>50587951
its more of a scam than I thought then

>>50588135
you can think?
I doubt that.

>>50588143
your aggressive mlm shit doesnt pull. Go back and retweet "partnerships" if you want to generate sales for your ponzi token

>>50588157
its not a ponzi and AVAX has actual utility.
but of course a Laggard like you doesnt know or understand anything.

>>50588223
>appeal to authority
>appeal to a criminal authority which has shown countless times her maliciousness and incompetence
you marketing faggots are the cancer of this tech. And nooooooo, the world is not ging to run on chain, no matter how much you wish no matter how many low level palms you grease

>>50588264
what marketing you stupid nigger?
are you experiencing a seemingly real perception of something not actually present, typically as a result of a mental disorder or by taking drugs?

fact is, the Avalanche tech works and scales and its already proven to work. its something anyone can observe.
>the world is not ging to run on chain
but it will, everyone that matters is already on board with this plan.

>>50588510
>avax
>what marketing?
KEK. You avax shills should just fuck off. By now your forced marketing is making negative returns.