Journal Entry: Stamatina Bourret-03/22/2024-Digital Economy Course Lesson 22

Journal Entry

Lesson 22- Avalanche

1. Avalanche subnet feature contributes to its scalability and customization capabilities by providing rapid transactions, low fees and eco friendly consensus mechanisms. The implications it has for blockchain development is it can support more users and applications making it suitable for widespread adoption and use in various scenarios.

2. Avalanche’s rapid transaction finality and low fees can revolutionize the DEFI sector and broader blockchain applications because you could create contracts all the way through find release through blockchain. Businesses could create escrow services that are fast and safe.

3. Avalanche eco-friendly consensus mechanisms might influence its adoption by wanting to provide energy efficient products and with the eco friendly consensus it aligns with the concerns about blockchains environmental impact.