Avalanche Foundation Unveils Avalanche9000 to Lower Costs and Improve Developer Experience
(Originally posted on : Crypto News – iGaming.org )
Avalanche9000, the Avalanche Foundation’s most important network upgrade, was introduced with the goal of improving the overall functionality and attractiveness of its blockchain. The Etna update, a milestone release, promises to transform the way developers engage with the network by significantly lowering transaction fees and deployment costs on Avalanche’s C-Chain.
Avalanche9000, which was released on December 17, tackles a number of issues that developers had previously faced, including expensive validator and staking fees. The ability of layer 1 blockchains to operate apart from the main Avalanche network is among the most significant modifications brought about by the Etna version. This results in reduced operating expenses and fewer obstacles for new projects since validators are no longer required to interact directly with the main network.
Before the Etna update, every new blockchain added to the Avalanche network required validators to stake at least 2000 AVAX tokens (roughly $100,000) and invest in expensive hardware. The Etna update eliminates these substantial fees, reducing deployment costs for layer1 blockchains by an impressive 99.9%. Furthermore, transaction fees on the C-Chain have been reduced by 96%, making it more economical for developers to operate within the Avalanche ecosystem.
Faster Development and Improved Cross-Chain Communication
In addition to cutting costs, Avalanche9000 streamlines the development process. Developers now have more control over crucial aspects of their layer1 blockchains, including staking mechanics, economic models, gas fees, and token functionalities. This newfound flexibility significantly accelerates the time it takes to bring blockchain technologies to market.
A standout feature of Avalanche9000 is its Interchain Messaging system, which facilitates seamless communication between the Avalanche C-Chain and other layer1 blockchains. This system supports both new and existing blockchains, allowing them to send and receive cross-chain messages, including tokens, NFTs, and oracle price feeds. As a result, the Avalanche ecosystem becomes more interconnected and capable of handling a wider variety of use cases.
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The Avalanche9000 update paves the way for a more inclusive and developer-friendly ecosystem. By removing the technical and financial hurdles that previously hindered blockchain creation, this upgrade is expected to encourage further innovation and increase the number of projects within the Avalanche network.
With the Etna update, Avalanche positions itself as a more versatile and accessible platform, capable of attracting a broader range of developers. The foundation’s continued efforts to enhance the scalability and usability of its blockchain are likely to shape the future of the crypto and blockchain space.