On #Binance Square, people usually chat about #BTC #BNB $ETH $AVAX prices—will they go up, down, or stay the same? I like to focus on the broader blockchain world and its innovations. This time, I’m excited to share a cool update from #avalanche !
For those who don’t know, Avalanche was one of the first projects to collaborate with @DAO Labs and has a huge, loyal #SocialMining community. The social mining community rarely sells their tokens, creating a broad investor base. This positively impacts the token price. They’re harnessing the power of this community in various ways, including through ACPs.
Avalanche Community Proposals (ACPs) are part of Avalanche’s approach to including the community in governance. These proposals let the community suggest, discuss, and vote on changes to the Avalanche network. It’s all about making the network more functional and efficient by encouraging community input.
ACP-77 is a great example of this collaborative process, bringing significant improvements to the Avalanche network’s Subnet (private blockchain) mechanism:
Introducing a New Validator Type:
Subnet Validators: ACP-77 proposes a new validator type called "Subnet Validator." This aims to make it easier to launch and maintain private blockchains.
Lower Costs: It also reduces the registration fees and hardware requirements for validators, making it more accessible for developers.
Fee Structure:
Ongoing Payments: Instead of a large fee, ACP-77 suggests that Subnets make regular dynamic payments to the P-Chain. These fees vary based on the number of registered validators, aligning costs with network usage.
Cost Efficiency: The proposal aims to make Avalanche Subnets competitive with Celestia-based rollups in terms of cost, offering a more appealing alternative to other private blockchain solutions.
3. Contributions to the Gaming World:
More Affordable Costs: The improvements from ACP-77 make it cheaper for game developers to start and manage their Subnets. This allows game projects to scale more cost-effectively and offer more customization options with private blockchains.
Native Token Usage: Game projects can use the native tokens of Subnets to create new economic models for in-game transactions and rewards. This helps create stronger economic incentives and user engagement in games.
Better Performance and Lower Fees: With ACP-77, the cost-effective and performance-friendly infrastructure makes in-game transactions faster and cheaper. This means a better experience for players and lower transaction costs.
Comparison with Other Solutions:
Performance and Costs: The changes proposed by ACP-77 are designed to make Avalanche Subnets competitive with other solutions like Ethereum-based rollups and Cosmos appchains. This is achieved by increasing cost efficiency and reducing overall overhead.
Enhanced Tooling and Customization: Subnets under ACP-77 offer better tooling and customization compared to other solutions, providing a more flexible and adaptable blockchain infrastructure.
ACP-77 reflects Avalanche’s commitment to community-driven improvements and aims to enhance the performance, cost-effectiveness, and accessibility of private blockchain solutions. Plus, with its benefits for the gaming world, it supports game projects in the running more cost-effectively and with higher performance.
