
Avalanche: What are Subnets and What's Wrong With Appchains | Kevin Sekniqi & Patrick O'Grady
Explicit content warning
12/19/23 • 77 min
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!
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Follow Kevin: https://twitter.com/kevinsekniqi
Follow Patrick: https://twitter.com/_patrickogrady
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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!
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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
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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.
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.
Previous Episode

How FASB Ruling Paves The Way for Bitcoin Corporate Treasuries | Roundup
In today's episode of Empire Jason and Santi dive into the latest crypto news, including the FASB fair value ruling for Bitcoin, the Ledger exploit, and the controversy around Rainbow's new points system. They debate the pros and cons of new yield generating protocols like Manta and BLAST, make 2024 predictions about the proliferation of L2 platforms with native yield, and discuss whether investing in early DeFi protocols still makes sense. Tune in for all this and much more!
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Northstake simplifies the way institutional investors own a stake in Web3 by offering regulatory-compliant staking products. By ensuring institutional investors can participate in the burgeoning crypto market while adhering to the necessary legal and regulatory requirements.
To learn how Northstake is bridging the gap between crypto and institutions go to:
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Follow Santi: https://twitter.com/santiagoroel
Follow Jason: https://twitter.com/JasonYanowitz
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/
-
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
(00:02) Introduction
(06:26) FASB Confirms 'Fair Value' Approach
(14:37) Ledger Connect Kit Exploit
(31:27) Point System Hate
(41:38) Layer0 Launch Video
(45:26) 2024 Predictions
(55:06) Are OG DeFi Protocols Investments?
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Resources
Layer0 Research Report & Video
https://app.blockworksresearch.com/research/layer-zero-v2-the-decoupling-of-security-and-execution
https://x.com/LayerZero_Labs/status/1735317463032893946
Ledger Exploit
https://blockworks.co/news/ledger-statement-on-phishing-hack
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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.
Next Episode

How Much Money Do You Need To Retire? | 1000x
Follow 1000x On Spotify: https://spoti.fi/3NiKjm6
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On today's episode of 1000x, Jonah and Avi discuss recent market price action as Bitcoin hovers just below $45,000. Ahead of expected Bitcoin ETF approvals in January 2024, we deep dive into the meme coin mania, crypto's most hated trade & defining success as a trader. To hear all this & more, you'll have to tune in!
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Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
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Referenced In The Show:
How Much Crypto Should You Own?: https://podcasts.apple.com/us/podcast/how-much-crypto-should-you-own-1000x/id1554930038?i=1000637803024
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Timestamps
(0:00) Introduction
(3:29) Crypto Feels Frothy
(7:19) Meme Coins
(13:26) The Bitcoin ETF
(18:25) Ethereum
(23:43) Layer-1s: Ethereum, Solana & Avalanche
(30:00) How To Trade 2024's Crypto Cycle
(36:19) What Is Success In Trading?
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Disclaimer: Nothing said on 1000x 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. Avi, Jonah and our guests may hold positions in the companies, funds, or projects discussed.
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