Breakthrough from the Avalanche9,000 Upgrade
The Avalanche Foundation has just launched Avalanche9,000, an upgrade version aimed at reducing costs and optimizing the development of L1 blockchains on this platform. The testnet of Avalanche9,000 has been operational since 1 PM (ET) on Monday, with the official goal of deploying on the C-Chain mainnet by 2025.
The upgrade includes the Etna Upgrade, a series of changes in the network, such as adjusting regulations for validators and renaming Avalanche's subnets to Avalanche L1s. These L1s are specialized blockchains built on the same technology platform but operate independently of C-Chain.
40 Million USD Support Fund for Developers
The Avalanche Foundation has announced a funding package of 40 million USD, including 2 million USD for the introduction program, aimed at driving growth and encouraging new projects. Projects will be ranked on a public leaderboard, where the community can vote to decide on funding allocation.
There are currently over 500 L1 blockchains being developed on Avalanche's testnet and mainnet, ranging from gaming projects like Off the Grid and Shrapnel to payment solutions for small businesses and organizational research.
Significant Reduction in Blockchain Deployment Costs
The ACP-77 upgrade introduces a new validator management framework, helping to create low-cost blockchains with natural interoperability. Meanwhile, ACP-125 will reduce the minimum transaction fee on C-Chain from 25 nAVAX to 1 nAVAX (1 nAVAX is 1/1 billion AVAX, equivalent to a tiny fraction of a cent).
Thanks to reducing costs by up to 96%, along with cutting deployment costs by up to 99.9%, these upgrades will help simplify the process of building, customizing, and maintaining blockchains, facilitating the explosion of L1s on Avalanche.
Expanding Applications and L1 Interconnectivity
The Interchain Messaging (ICM) technology allows the creation of decentralized applications (dApps) linking multiple L1 blockchains, expanding potential for projects built on the Avalanche platform.
Bright Future for Avalanche
With continuous cost optimization and strong community support, Avalanche9,000 not only helps this platform compete more effectively but also drives the blockchain ecosystem to develop remarkably. This upgrade promises to be a major step for Avalanche to become the leading platform for blockchain projects in the future.