The public blockchain Avalanche officially announced today the launch of the "Avalanche9000" mainnet, which is the largest upgrade since the launch of the autonomous network. The official statement indicates that Avalanche9000 has reduced the deployment cost of L1 by 99.9%, and hundreds of L1s will be launched in the future; at the same time, the minimum Gas fee for C-Chain has been lowered by 96%, with an expected growth of 50% in transaction volume. (Background: Avalanche December: Dividing a $40,000 $AVAX bonus pool) (Background Supplement: Beer can also go on-chain! The Suntory Group collaborates with Avalanche to launch the Premium Malt's tokenization plan) The public blockchain Avalanche launched a new network upgrade "Avalanche9000" on its Fuji testnet on November 25. The official statement indicates that this is the largest network upgrade since the launch of the Avalanche mainnet, aimed at making the launch of L1 (formerly known as subnet) more economical, easier to customize, smoother to maintain, and accelerating the speed to market. Avalanche9000 officially goes live on the mainnet Today, the official announcement states that Avalanche9000 is officially live on the mainnet. Avalanche wrote on X that this marks: 1) Hundreds of Avalanche L1s will be launched in succession. Avalanche9000 has reduced the cost of deploying L1 by 99.9%. With hundreds of L1s being developed on the testnet, a wave of large-scale launches is expected in the coming months. Previously, Avalanche stated in a statement that more than 500 L1 blockchains are being developed on the testnet and mainnet, covering areas such as gaming, payment solutions, and institutional research. 2) C-Chain will welcome new vitality C-Chain is Avalanche's smart contract chain, designed for EVM compatibility. The official statement says that Avalanche9000 will reduce the minimum Gas fee for C-Chain by 96%. In this regard, Blockworks Research predicts that C-Chain's transaction volume is expected to grow by about 50%. 3) A diverse yet unified L1 ecosystem Avalanche9000 introduces an enhanced cross-chain messaging capability (ICM), allowing all Avalanche L1s to communicate with each other, transfer assets, and benefit from collective success. In summary, the launch of Avalanche9000 signifies an important step forward for the network in scalability, interoperability, and developer friendliness. Avalanche9000 is live on Mainnet Built for everything. Build for everything. This is the start of… pic.twitter.com/5dwAYxUc9I — Avalanche9000 (@avax) December 16, 2024 Retro9000 - $40 million reward program Alongside this upgrade, Retro9000 is being launched, a $40 million retroactive reward program to encourage developers to build L1 and related tools on the Avalanche9000 testnet. The Avalanche9000 upgrade is based on the Etna upgrade and community proposals ACP-77 (making validators more flexible) and ACP-125 (reducing C-Chain's minimum Gas fee by 96%). One of the key changes is that Avalanche's "subnet" has been renamed to "L1"; the functionality essentially remains unchanged, but subnet validators (now called L1 exclusive validators) no longer need to stake 2,000 AVAX tokens (about $100,000) and synchronize with the mainnet, but instead pay ongoing fees based on the number of validators. Avalanche states that this pay-per-second model will significantly reduce the operating costs for validators. Avalanche raises $250 million Notably, Avalanche announced on December 12 that it completed a $250 million private locked-token sale, led by Galaxy Digital, Dragonfly, and ParaFi Capital, to support the upgrade launch. Over 40 companies participated in this token sale, including SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective, and others. The $250 million raised will be added to Avalanche's treasury, which currently holds approximately $3 billion worth of AVAX tokens. Avalanche announces a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, highlighting the growing confidence in Avalanche’s blockchain ecosystem ahead of the Avalanche9000 upgrade https://t.co/tWmn5u9LbG — Avalanche9000 (@avax) December 12, 2024 Related reports NFT chain games debut on PS5, Xbox! Avalanche 3A battle royale opens for free play (New MapleStory N) Logging into Avalanche, will AVAX's gaming ecosystem make a big leap? Is inscription paralyzing Avalanche again? AVAX has "paused block production" for over 2 hours tonight "Avalanche9000 officially goes live on the mainnet: deployment cost of L1 reduced by 99.9%, hundreds of subnets about to launch" This article was first published on BlockTempo (the most influential blockchain news media).

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