The recently announced upgrade by the Avalanche Foundation, Avalanche9000, has been successfully implemented, capturing the attention of the crypto ecosystem.
Avalanche9000 is the most significant upgrade to the Avalanche network, designed to simplify the launch of Layer 1 blockchains and eliminate the current subnet model.
The improvements introduced by this update allow developers to create and customize blockchains more efficiently, reducing deployment costs by 99,9% and facilitating governance and staking. Additionally, Avalanche9000 introduces interchain messaging to improve communication between Avalanche-based L1s, enhancing interoperability and asset transfers between them.
Not only does this upgrade promise to improve the network’s efficiency and scalability, but it also comes at a time when interest in cryptocurrencies and blockchain technology is on the rise.
Avalanche, known for its ability to process transactions at high speeds and its focus on interoperability between different blockchains, seeks to consolidate its position as a leader in the sector with this new version. The Avalanche9000 update comes as a response to the growing market demands and technical challenges facing the crypto ecosystem.
Source: CoinMarketCap
Key improvements to Avalanche9000
Avalanche9000 introduces a number of technical improvements that optimize network performance. Among the most notable improvements is the Reducing the costs of deploying L1 blockchains by 99,9%, the Optimization of the consensus mechanism of the network and the Reducing transaction confirmation time, which is now even faster, allowing developers and users to perform operations almost instantly.
In addition, the new update reduces the burden on validators and eliminates the need to validate the mainnet, while also including new tools for developers, which will facilitate the creation of more robust and efficient decentralized applications (dApps). Likewise, with thel Interchain Messaging, which facilitates communication and asset transfer between L1 networks, Avalanche9000 makes the network a more friendly environment for developers looking to innovate in the blockchain space.
All of these improvements that have been implemented could create a more favorable environment for decentralized and participatory governance for AVAX token holders.
Avalanche's biggest update to date
Avalanche developers have highlighted the launch of Avalanche9000 as the network’s biggest milestone. This upgrade, considered the largest in the AVAX ecosystem so far, addresses fundamental issues that have limited the network’s growth.
One of the reasons why Avalanche9000 is so significant is its ability to integrate multiple chains within a single ecosystem. This allows users to interact with different blockchains without the need for intermediaries, promoting greater interoperability and efficiency. In a world where decentralized solutions are gaining ground, this feature positions Avalanche as a key player in the future of blockchain development.
In addition, the update has been designed taking into account current trends in the crypto market, such as the growing interest in decentralized finance (DeFi) and non-fungible tokens (NFT). Therefore, by providing a solid infrastructure to support these innovative products, Avalanche9000 ensures that it remains at the forefront of the industry.
ACP-77 and ACP-125 proposals
Within the framework of Avalanche9000, two key proposals are introduced: ACP-77 and ACP-125. Both are fundamental to understanding how Avalanche is evolving its technology to remain competitive.
ACP-77 focuses on enabling developers to launch their own Layer 1 subnets with much less dependence on initial network resources.. This proposal seeks to optimize transaction processing and security of these networks without depending on Avalanche's mainnet. On the other hand, ACP-125 addresses the need to reduce minimum gas fees on the Avalanche C-Chain to improve implementation costs.
Both enhancement proposals focus on contributing to greater accessibility, scalability, and flexibility in the Avalanche ecosystem.
A significant financial boost
Prior to the deployment of Avalanche9000, the Avalanche Foundation managed to raise $250 million through token sales AVAX, giving a significant financial boost to the ecosystem, to continue developing its infrastructure and associated projects. The Foundation highlighted that this capital will be essential to finance new initiatives within the ecosystem and attract talent to the team.
Among the main firms that contributed to this collection are well-known names in the financial and technological fields, such as Galaxy Digital, ParaFi Capital y Dragonfly, among others. The participation of these investors not only reflects confidence in the Avalanche network, but also a growing recognition of the transformative potential that this platform has within the blockchain space.
Haseeb Qureshi, Managing Partner at Dragonfly, one of the investors that participated in the funding round, he highlighted “Avalanche is uniquely positioned to capture the growing momentum in Web3 and blockchain scalability.” Like Qureshi, other investors underscored their eagerness to support the network as it continues to push the boundaries of scalability, speed, and innovation in the digital ecosystem.
