Odaily Planet Daily News: Avalanche "subnet" is now renamed Avalanche Layer 1 (L1). Avalanche L1 is a blockchain that is usually application-specific and can be customized to meet the specific needs of different use cases. Avalanche initiated a community proposal ACP-77, which aims to reform the creation and management design of Avalanche L1 and bring more flexibility and autonomy to Avalanche L1 validators. (The Block)