Introduction
In recent years, blockchain technology has flourished, and application scenarios have become increasingly diverse, but the design of a single main chain often faces scalability bottlenecks and performance limitations, making it difficult to meet the growing user demands.
To this end, Avalanche has launched the Avalanche9000 upgrade, which is a major network architectural reform aimed at establishing a scalable, high-performance, and seamlessly interconnected 'Everything Network' through multiple interconnected Layer1 blockchains.
This article will provide an accessible analysis of the key features, upgrade content, and its impact on the future development of blockchain.
Main content of Avalanche9000 upgrade
Avalanche9000 is the largest upgrade since the launch of the Avalanche network, incorporating a series of improvements aimed at enhancing network performance, lowering development thresholds, and strengthening interoperability. Here are the main contents of the Avalanche9000 upgrade:
Restructuring Subnets (ACP-77)
This upgrade introduces a new role of 'Subnet Validator' and implements a 'user pays' continuous fee mechanism, significantly reducing the cost of deploying dedicated blockchains (Layer1). The implementation of the ACP-77 proposal will bring the deployment cost of Avalanche subnets down to a level comparable to Celestia Rollup, while providing higher transaction confirmation speeds and native interoperability.
Lowering C-Chain transaction fees (ACP-125)
This upgrade will reduce the base transaction fee on Avalanche C-Chain from 25 $nAVAX to 1 $nAVAX, a reduction of up to 96%. This adjustment is expected to significantly increase daily transaction volume and active addresses on the Avalanche network, stimulating application development in specific industries (such as meme coins and gaming).
Other important improvements
In addition to the two core upgrades mentioned above, Avalanche9000 also includes the following important improvements:
ACP-20: Supporting Ed25519 TLS certificates for P2P communication on the Avalanche network. Allowing Avalanche network users' (ANC) NodeID to use Ed25519 public keys.
ACP-103: Adding dynamic fees for P-Chain, adjusting transaction fees based on network load to improve network efficiency.
ACP-113: Proposing a standard AppRequest payload format type for requesting the provided bytes for Warp signatures, allowing signatures to be requested in a VM-agnostic manner.
ACP-118: Warp Signature Interface Standard, enhancing the security of cross-chain communication.
ACP-131: Launching Cancun EIP on C-Chain and Subnet-EVM chains to enhance virtual machine capabilities.
ACP-151: Using the current block P-Chain height as context for state validation, improving network security.
What is the impact on Avalanche?
The launch of Avalanche9000 symbolizes that Avalanche is officially moving towards the era of 'multi-chain interconnection'. By lowering development thresholds, enhancing network performance, and strengthening interoperability, Avalanche9000 will attract more developers and users to join the Avalanche ecosystem, promoting innovative applications of blockchain technology and widespread development.
Restructuring subnets: Lowering thresholds to unleash creativity.
At the core of Avalanche9000 is the restructuring of subnets (Subnet), which introduces the new role of 'Subnet Validator' and implements a 'user pays' continuous fee mechanism, significantly lowering the threshold for deploying dedicated blockchains (Layer1).
In the past, deploying subnets required paying high costs in $AVAX tokens as upfront costs, but the implementation of the ACP-77 proposal will change this to a continuous fee payment, allowing more developers and projects to easily create and operate their own Layer1 blockchains.
In addition, Avalanche9000 has also reduced the hardware requirements for subnet validators, lowering their operating costs and further enhancing the economic feasibility of subnet deployment. These improvements will inspire more innovative applications to emerge on Avalanche, promoting the diversified development of blockchain applications.
Empowering developers: A perfect blend of flexibility, interoperability, and performance.
Avalanche9000 not only lowers the threshold for subnet deployment but also provides developers with unprecedented flexibility, interoperability, and performance. Through this upgrade, developers will be able to:
Have complete control over the design of Layer1 blockchains, including staking economic models, gas fee tokens, and virtual machines, creating the most suitable blockchain environment for application needs.
Utilize Avalanche's cross-chain communication protocol (Avalanche Interchain Messaging, abbreviated as ICM) to achieve seamless interoperability between Layer1 blockchains, allowing assets and data to flow freely.
Leverage the efficient Avalanche Consensus mechanism to ensure rapid transaction confirmation and finality, enhancing user experience.
These features will attract more developers to choose Avalanche as their preferred platform for building blockchain applications, accelerating the prosperous development of the blockchain ecosystem.
Retro9000 Reward Program
Retro9000 is a reward program launched with the Avalanche9000 testnet, aimed at incentivizing developers to build Avalanche Layer1 blockchains and related tools. The program offers up to $40 million in retrospective rewards, encouraging developers to participate in the early construction of the Avalanche ecosystem.
Here are some of the main features of Retro9000:
Rewarding Avalanche Layer1 and tool developers: Developers who participate in the Avalanche9000 testnet and build Avalanche Layer1 blockchains or related tools will have the opportunity to receive rewards.
Up to $40 million in rewards: The Retro9000 program offers a total of up to $40 million in retrospective rewards, including direct rewards and referral rewards.
Referral rewards: If other projects use your code to register on retro9000.avax.network, you will be eligible for referral rewards of up to $2 million.
Bounty9000: This is a special challenge encouraging developers to build an Avalanche Layer1 blockchain that uses $USDC as the gas fee and provides a fiat gateway.
The Retro9000 reward program is also an important component of the Avalanche9000 upgrade, attracting more developers to join the Avalanche ecosystem and promoting the rapid development of the Avalanche multi-chain network.
Liberating value: Multi-chain interconnection, co-creating prosperity.
The 'Multi-Chain Interconnection' concept advocated by Avalanche9000 will break the traditional blockchain silo effect, bringing new value and opportunities to the entire ecosystem. In the vision of Avalanche9000:
The main chain (C-Chain) will serve as the economic and infrastructure center, providing liquidity support and tool services for all Layer1 blockchains.
Each Layer1 blockchain will be custom-designed according to its own needs, focusing on specific application industries, and achieving interconnectivity through ICM.
The entire network will form an organic whole, with various Layer1 blockchains collaborating to jointly promote the prosperous development of the Avalanche ecosystem.
This multi-chain interconnected architecture will maximize the potential of blockchain technology, bringing users a richer, more convenient, and more efficient application experience.
Moreover, a key goal of Avalanche9000 is to accelerate the deployment of subnets by eliminating current economic and technical barriers. In the past, operation of Avalanche subnets required participating validators from the main network, which demanded each validator to hold 2,000 $AVAX, posing a significant economic barrier for many new projects. Now, this mechanism will be directly broken, reducing the aforementioned threshold to only about 1.3 $AVAX per month, cutting initial operating costs by over 99.9% compared to traditional models.
Conclusion
As a key milestone in the history of Avalanche development, the Avalanche9000 upgrade brings revolutionary breakthroughs to the blockchain ecosystem. By significantly lowering the deployment threshold for Layer1 and achieving cross-chain interoperability, it not only allows developers to construct applications more easily but also establishes the vision of the 'Everything Network'.
Enabling blockchain to share the benefits of the Avalanche network from finance to gaming, from enterprises to individuals. This fully interconnected multi-chain network will inspire infinite innovative possibilities, opening a new era for blockchain technology. Now, you can participate in the developer program through retro9000.avax.network, jointly creating the future blueprint of Avalanche.
References
Building on Avalanche9000
GitHub｜Etna - Reinventing Subnets
Avalanche: An Economic Analysis of ACP-77
Fee Sensitivity Analysis: Predicting ACP-125's Impact on Avalanche Network Activity