Avalanche developers have launched a new and improved version of the blockchain, called Avalanche9,000. This update will help make it cheaper and easier to create new things on the network. The Avalanche Foundation, which is in charge of this project, will give $40 million to people who build things on Avalanche, with $2 million for people who refer others to the network.
This will help the network grow and be used by more people. Avalanche9,000 will be added to the main part of Avalanche, called the C-Chain, in 2025. This update focuses on making everything in Avalanche’s technology stack cheaper. This includes making it less expensive to use the C-Chain and removing the need for people to have a lot of money to be a validator.
This will make the network better for everyone. Avalanche9,000 includes the Etna Upgrade, which has new rules about validators and changes the name of Avalanche subnets to Avalanche L1s. Avalanche L1s are special chains that are built on the same technology as the C-Chain, but work independently. Games like Off the Grid and Shrapnel and other companies that work on small business payments or research use these L1s.
With the ACP-77 and ACP-125 upgrades, Avalanche will have a new way to manage validators and reduce the minimum base fees on the C-Chain. This will make it cheaper for people to use the network and help the network grow. These updates will make it easier to create L1s and reduce deployment costs by 99.9%.
They will also make it simpler to customize and maintain the network. The Avalanche Foundation has created a public leaderboard to rank submissions for the Retro9,000 grant programs. This means that people can see who is getting the most support for their projects and vote on which ones they think are the best.
More than 500 L1s are already being developed on Avalanche’s testnet and mainnet, and with Interchain Messaging (ICM), builders can create even more cross-L1 decentralized applications (dapps).
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