Close Menu
    What's Hot

    What to Expect Next for Bitcoin? Which Direction is the Path Towards?

    Monday, 7 April 2025, 19:08

    BlackRock CEO Fink Warns of Further Market Drop, Recession, and Inflationary Pressures

    Monday, 7 April 2025, 16:50

    Trump Threatens 50% Additional Tariffs on China

    Monday, 7 April 2025, 16:08
    Facebook X (Twitter) Instagram
    CryptoMars
    CryptoMars
    • Home
    • News
    • Bitcoin
    • Ethereum
    • Solana
    • Cardano
    • XRP
    X (Twitter) Telegram
    CryptoMars
    Home » Avalanche Gears Up for ‘Avalanche9,000’ Upgrade
    Avalanche

    Avalanche Gears Up for ‘Avalanche9,000’ Upgrade

    Max BauerBy Max BauerMonday, 25 November 2024, 18:33No Comments2 Mins Read

    The Avalanche Foundation has launched the “Avalanche9,000” testnet, a significant upgrade designed to revolutionize Layer-1 (L1) development on the Avalanche network by making it more affordable and accessible. The testnet went live on Monday, marking a crucial step towards the upgrade’s planned mainnet deployment on the C-Chain in 2025.

    To incentivize development and adoption, the Foundation has announced a substantial $40 million in retroactive grants for builders on Avalanche, including a $2 million allocation specifically for referrals.

    Ava Labs Chief Protocol Architect Stephen Buttolph emphasized the cost-saving focus of the upgrade, stating, “[This latest upgrade] focuses on making every component of the Avalanche tech stack cheaper. From reducing C-Chain fees to removing capital requirements for L1 validators, every user of Avalanche should experience reduced costs.”

    READ  Polygon (POL) Poised for Massive Rally, Analyst Predicts Potential 3,700% Surge

    Avalanche9,000 encompasses the Etna Upgrade, a suite of network changes that introduces new validator rules and rebrands Avalanche subnets as Avalanche L1s. These dedicated, project-specific chains leverage the same underlying technology but operate independently from the C-Chain mainnet. Existing examples of Avalanche L1s include those powering games like Off the Grid and Shrapnel, as well as platforms focused on small business payments and institutional research. Development continues across various other sectors.

    The upgrade includes two key components: ACP-77 and ACP-125. ACP-77 introduces a new validator management framework, enabling the creation of low-cost, natively interoperable blockchains. ACP-125 aims to dramatically reduce minimum base fees on the Avalanche C-Chain from 25 nAVAX to 1 nAVAX. While both figures represent fractions of a cent (1 nAVAX is one-billionth of an AVAX token, currently valued around $42), the 96% reduction is expected to significantly benefit developers in the long run.

    Related

    Max Bauer
    • Website

    Add A Comment

    Comments are closed.

    Advertisement
    Our Most Popular Articles
    • Telegram Announces Removal of "People Nearby" Feature and New Updates
      Telegram Announces Removal of "People Nearby" Feature and New Updates
    • Telegram Introduces New "Gift" Feature
      Telegram Introduces New "Gift" Feature
    • HBO Reveals Peter Todd as Satoshi Nakamoto, Todd Denies It: Forbes
      HBO Reveals Peter Todd as Satoshi Nakamoto, Todd Denies It: Forbes
    • Bitcoin Is in a Bubble, Says Ariel Investments’ Charles Bobrinskoy
      Bitcoin Is in a Bubble, Says Ariel Investments’ Charles Bobrinskoy
    • Home
    • Disclaimer
    • Privacy Policy
    • Contact Us
    © 2025 CryptoMars

    Disclaimer: The information on this site is for informational purposes only and should not be considered financial or investment advice. Investing in cryptocurrencies involves risk, including loss of principal. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. We are not liable for any losses or damages incurred as a result of using the information provided on this site.

    For inquiries related to news tips, advertising, partnerships, or media requests, please contact [email protected]

    Type above and press Enter to search. Press Esc to cancel.