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Cryptocurrency News Articles

Avalanche (AVAX) Launches Mainnet Avalanche9000 Upgrade, Reducing C-Chain Costs and Fees by Over 90%

Dec 18, 2024 at 11:00 pm

The Avalanche Foundation has recently launched a groundbreaking update for its network, called mainnet Avalanche9000.  Presented as the “biggest network upgrade,” it promises to reduce the implementation costs and fees of the C-Chain by over 90%.

Avalanche (AVAX) Launches Mainnet Avalanche9000 Upgrade, Reducing C-Chain Costs and Fees by Over 90%

The Avalanche Foundation has recently launched a groundbreaking update for its network, called mainnet Avalanche9000. Presented as the “biggest network upgrade,” it promises to reduce the implementation costs and fees of the C-Chain by over 90%. This improvement represents a crucial step for the future of the Avalanche blockchain, strengthening its position in the cryptocurrency and decentralized applications sector.

The new update of Avalanche 

On December 17, the mainnet Avalanche9000 was activated, accompanied by the significant update nicknamed Etna. This update was designed to address some of the main issues encountered by developers on the Avalanche (AVAX) network, including:

With the Etna update, these limitations have been overcome, facilitating developers’ access and improving operational efficiency.

The Etna update has introduced fundamental changes in the structure of the Avalanche network. Here are the main improvements:

The impact on the C-Chain and the blockchain sector

The C-Chain, a key component of the Avalanche ecosystem, is one of the main beneficiaries of this update. Transaction fees have been reduced by over 90%, a change that makes the network highly competitive compared to established solutions like Ethereum.

This optimization not only makes Avalanche more attractive for developers, but it could accelerate the adoption of applications in the real world, including sectors such as decentralized finance (DeFi), non-fungible tokens (NFT), and enterprise solutions based on blockchain.

The implementation of Avalanche9000 and the Etna upgrade represents a strong signal of the ambitions of the Avalanche Foundation to consolidate its role as a technological leader in the sector. By drastically reducing costs and offering greater flexibility, the network positions itself as one of the most scalable and accessible platforms in the blockchain landscape.

Among the main objectives are:

Conclusions

With the launch of the Avalanche9000 mainnet and the Etna upgrade, Avalanche demonstrates its commitment to a more accessible and decentralized future. These changes revolutionize the way layer1 blockchains interact with the primary network, breaking down economic and technical barriers.

The update not only marks progress for Avalanche, but also represents a boost for the entire blockchain ecosystem, encouraging adoption and innovation on a global scale. For developers and investors, this evolution offers new opportunities and a more efficient platform on which to build the future of decentralized applications.

News source:en.cryptonomist.ch

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Other articles published on Dec 19, 2024