Elastic News

Nice thread by the good folks at Avascan, check it out:

https://twitter.com/AvascanExplorer/status/1694331932400849064

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Elastic Subnets are a feature of the Avalanche blockchain platform. They are a type of Subnet, which is a sovereign network defining its own rules regarding membership and token economics Subnet is composed dynamic subset of Avalanche validators working together to achieve consensus on the state of one or more blockchains.

Elastic Subnets are created by transforming a permissioned Subnet into an Elastic Subnet.

When enabling Elastic Validation, the creator permanently locks the Subnet from future modification, specifies an Avalanche Native Token (ANT) that validators must use for staking and that will be distributed as staking rewards, and provides a set of parameters that govern how the Subnet’s staking mechanics will work.

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Elastic Subnets are a completely different beast. They allow for permissionless validation, and as such, rely on economic incentives to function and grow. There are several levers you can pull when architecting a token model for your elastic Subnet. Almost all of them represent a trade-off, which is why the first thing you’ll have to define is what you’re optimizing for.

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Attention cryptocurrency and blockchain technology enthusiasts!

Are you curious about Subnet construction and want to understand more about the considerations in the elastic era? We've got something special for you! Check out the latest article that delves deep into the considerations for Subnet builders in the elastic era. An essential read for everyone who wants to stay ahead in the world of blockchains:

https://www.avax.network/blog/elastic-era-considerations-for-subnet-builders

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Hi Everyone, JFYI: Chainstack provides node API for many protocols, and right now their new product Global Elastic Nodes is supporting avalanche.

Easy to launch and start using an Avalanche Node in less than 15 seconds :)

https://twitter.com/ChainstackHQ/status/1691824090171187379

Want to build a Subnet? The article delves deep into Elastic Subnets and introduces user/validator bootstrapping, complete with real-world examples. These insights foster effective Subnet understanding and inspire experimentation for future growth.

For immersive insight, visit https://www.avax.network/blog/elastic-era-considerations-for-subnet-builders