The team behind Layer 1 blockchain network Avalanche has taken a significant step forward with the launch of its “Avalanche9000” upgrade on the testnet . This technological advancement includes a number of improvements designed to revolutionize the blockchain ecosystem, notable for reducing implementation costs by an astonishing 99.9%, according to an official statement.
Key innovations of Avalanche9000
The Avalanche9000 update incorporates community proposals that seek to optimize the flexibility and scalability of the network. These proposals include:
ACP-77 : Introduces greater flexibility for Layer 1 network validators, improving system efficiency.
ACP-125 : Reduces Avalanche's base fees by a remarkable 96%, making it more accessible for developers and users.
These changes seek to position Avalanche as a leading blockchain technology platform, focused on reducing costs and increasing interoperability between networks.
Retro9000: $40 million for developers
Along with this update, the Retro9000 program was introduced, a $40 million fund aimed at incentivizing developers and projects building Layer 1 blockchains and tools within the Avalanche9000 ecosystem.
This initiative reinforces Avalanche’s commitment to growing its network and developer community.
A vision of interoperability and performance
Aytunç Yildizli, CEO of Avalanche Foundation, commented that this upgrade represents years of work focused on the vision of creating a network of interconnected and customizable blockchains. According to Yildizli, Avalanche9000 will allow companies and projects to develop sovereign blockchains, whether public or private, with fast transactions and high processing capacity.
Market Impact: AVAX on the Rise
The launch of Avalanche9000 has also had a positive impact on the market. Avalanche’s native token, AVAX, has accumulated $2.2 billion in volume over the past 24 hours, recording an 18% increase over the past week. This move reflects the market’s enthusiasm for the upgrade and its potential to transform the network.
A promising future for Avalanche
With Avalanche9000, the network reaffirms its leadership in blockchain innovation, positioning itself as a go-to platform for developers and businesses. The combination of advanced technology, economic incentives, and a clear vision of interoperability promises sustained growth for the Avalanche ecosystem.
