Avalanche ($AVAX ) is a decentralized, open-source blockchain platform designed to create highly scalable, interoperable, and customizable blockchain networks and decentralized applications (dApps). Launched in September 2020 by @DAO Labs ’ revolutionary #SocialMining concept, #AvalancheAVAX aims to combine the best features of existing blockchain technologies, including Ethereum ($ETH ) and @Polygon ( $MATIC ), but seeks to answer their limitations. Currently in 10th place according to the CMC index for July 26, 2024, Avalanche Hub, the brainchild of E. G. Sirer and his proteges, Avalanche Hub has become a standard bearer in the blockchain world, known for its strong governance and active community involvement.

Sirer said in his tweet today “The best blockchain technology is like magic. It just works without anyone being aware of how it does.” I think this view is showcased through proposals like ACP-77, which highlight Avalanche Hub's collaborative and inclusive governance approach.
So, what is ACP-77?
ACP-77 is a proposal designed to make the Avalanche network stronger. The idea is to introduce new validator types and make it easier as well as cheaper to launch dedicated blockchains, called Subnets. This proposal has features like new validator types to lower hardware requirements for those wishing to become validators, and a continuous fee model for Subnets to pay the P-Chain, spreading out costs over time instead of requiring a large initial investment. The proposa also addresses the need to keep improving interactions between different blockchains within the Avalanche network, particularly through the Avalanche Web Machine (AWM).

If we compare Sharding, Appchains and Subnets, here are the main takeaways:  
Ethereum 2.0 and Sharding: Ethereum 2.0 uses sharding to split the network into smaller pieces (shards) that process transactions in parallel. This is similar to how Subnets work but with less flexibility. Avalanche Subnets offer more customization options for developers, while Ethereum 2.0 shards are more uniform.
Cosmos and Appchains: Cosmos has appchains, independent blockchains that connect through the Cosmos Hub. This is quite like Avalanche Subnets. Both systems allow for customization, but Avalanche’s unique consensus protocol might offer different advantages in performance and interoperability.

Why Are Subnets Awesome?
Subnets allow Avalanche to support a high volume of transactions without slowing down, making it perfect for large-scale applications. Developers can create specialized blockchains for different industries, from finance to gaming, made to order for specific needs and regulations. Each Subnet can have its own security measures, and this increases the overall security of the whole ecosystem.
ACP-77,  integrating continuous fee mechanisms for Subnets to contribute to the P-Chain, is just one more Avalanche signpost on the path to a sustainable, equitable and economically viable blockchain environment.
Community-Centric Governance
As we already pointed out, Avalanche Hub is not just about technology; it's about people. The ACP-77 proposal is a perfect example of how Avalanche Hub involves its community in governance. This proposal was discussed and refined with input from the community, so that everyone has a voice in the network's development. This sense of ownership is what builds up a stronger, more committed community.
The Role of Social Mining
Avalanche Hub has been a partner since its testnet days in the DAO Labs' Social Mining project, where it has developed the largest and most engaged community. Social Mining is a unique concept that provides regular income to participants while building strong, informed communities deeply invested in the projects they support. Avalanche Hub’s growth from scratch to the leading Social Mining hub is a testament to the power of this model. It not only rewards community contributions but also encourages members to be active stakeholders in governance and development.
Conclusion
What makes Avalanche Hub a blockchain leader? Inclusive governance, strong community foundation, and their focus on ecosystem sustainability. The ACP-77 proposal is another symbol of Avalanche Hub’s community insights and innovative ideas to drive growth and long-term sustainability. As Avalanche Hub and its community-driven approach keep forging ahead, their footprint only grows larger.

Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!