Avalanche: What are Subnets and What's Wrong With Appchains | Kevin Sekniqi & Patrick O'Grady

In today's episode of Empire, Kevin Sekniqi, Co-Founder of Avalanche, and Patrick O'Grady, VP of Engineering at Avalanche, join the show to discuss the past, present, and future of Avalanche. They start by explaining the core thesis behind Avalanche - that the future will consist of thousands of highly optimized, specialized blockchains rather than one chain to rule them all. Kevin and Patrick provide an overview of Avalanche's architecture, clarifying common misconceptions around P-Chain, C-Chain, and subnets. They then do a deep dive into the rationale and economics behind subnets, contrasting them to solutions like rollups and how Warp and Hyper SDK fit in the overall strategy. For all of this and much more stay tuned!

- -

Follow Kevin: https://twitter.com/kevinsekniqi

Follow Patrick: https://twitter.com/_patrickogrady

Follow Jason: https://twitter.com/JasonYanowitz

Follow Santiago: https://twitter.com/santiagoroel

Follow Empire: https://twitter.com/theempirepod

Subscribe on YouTube: https://tinyurl.com/4fdhhb2j

Subscribe on Apple: https://tinyurl.com/mv4frfv7

Subscribe on Spotify: https://tinyurl.com/wbaypprw

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

- -

Planning to grant token awards for your team? Toku makes implementing global token compensation and incentive awards simple.

With Toku, you get unmatched legal and tax support to grant and administer your global team’s tokens. Toku navigates it across the lifecycle  — from easy to use token grant award templates through tracking vesting to managing tax withholdings.

Make it simple today, at

https://www.toku.com/empire

- -

Join us at DAS (Digital Asset Summit) in London this March! DAS is the #1 institutional conference in crypto, hosted by Blockworks.

Use the link below to learn more, and use EMPIRE20 to get 20% off your ticket! Sign up now because the price goes up every month. See you there!

Learn more + get your ticket here: https://blockworks.co/event/digital-asset-summit-2024-london/home

- -

Timestamps:

(00:59) Why does Avalanche exist?

(09:38) Creating Optimized Chains

(16:30) Economics of Subnets

(25:56) Endgame Vision of Subnets

(34:05) DAS 2024

(35:10) Toku Ad

(36:40) Next Gen L1s

(40:20) Warp: Cross Subnet Messages

(48:02) HyperSDK: Launch your own Blockchain

(51:37) Dev Adoption & dApp Layer Innovation

(01:03:06) Future of Value Accrual to AVAX

(01:12:57) Decentralization & Performance for Blockchains

- -

Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.