AVALANCHE9000 UPDATE....

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On December 16, 2024, the Avalanche network implemented one of its biggest updates, Avalanche9000 (Etna update). This update allows users to create and customize their own Layer-1 (L1) blockchains at low cost.

Avalanche9000 aims to solve the network's scalability issues and includes seven improvement proposals. In particular, ACP-77 introduces a new type of validator that allows users to launch their own subnets at lower costs. ACP-125 reduces transaction costs by reducing the base fee on the C-Chain where smart contracts run from 25 nAVAX to 1 nAVAX.

The update gives users the freedom to determine the rules of the networks they create. This provides flexibility in terms of geographic location selection, staking requirements, and third-party permissionless setups for regulatory compliance. Additionally, the L1s created will be interconnected and will benefit from the advantages of being multi-chain.