Avalanche has Virtual Machines.
Virtual Machines operate on a separate chain with distinct state.
Operating virtual machines means Pangolin holders could stake their tokens on a Pangolin subnet for a piece of the inflation pie. This brings additional utility to the Pangolin token.
The validators could be fine-tuned to process Pangolin based transactions at a much lower latency / faster rate than is currently possible on the
C-CHAIN, which would in turn allow for the Pangolin subnet to lower the fees required to transact.
Since the Pangolin subnet would be a ‘fast’ virtual machine operated by dedicated financial validators, Pangolin should start to become suitable for decentralised high frequency trading.
Hosting an order book would now become a feasible extension.