Avalanche is an upcoming layer one protocol by Ava Labs that plans to offer high-throughput, fast finality, and unprecedented decentralization. Developers will be able to 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 will be highly customizable and will 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 could lead to the creation of new financial primitives and bring more traditional financial products into the blockchain space in a decentralized way.