Avalanche is a layer one protocol built by Ava Labs that offers high-throughput, fast finality, and unprecedented decentralization. Developers can launch their own public or private blockchains (called subnets), create and trade digital assets, and build scalable smart contracts and decentralized applications.
Subnets within the Avalanche network are highly customizable and can have their own incentive structures.
Because of this customization, companies can create legally compliant permissioned subnets while still being connected to the grander Avalanche network. This customization will lead to the creation of new financial primitives, thus bringing more traditional financial products into the blockchain space.