<img src="https://crypto.news/app/uploads/2024/08/crypto-news-Hybrid-crypto-exchanges-will-inevitably-reign-in-the-market-option04.webp” />
The Avalanche Foundation announced its “biggest network upgrade” in the form of the Avalanche9000 mainnet. The new update reduces C-Chain implementation costs and fees by more than 90%.
On December 17, the Avalanche9000 mainnet goes live with a major update called Etna, which serves to eliminate issues developers face on the Avalanche (AVAX) network, including high staking requirements and high validator costs. The Etna update fixes these issues by allowing Layer 1 blockchains to run independently of the mainnet.
This means that validators are no longer required to validate the mainnet on Avalanche, so these chains can have their own set of validators. This important change simplifies the validation process for emerging Layer 1 projects and significantly reduces upfront and operational fees.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter“>
https://twitter.com/AvalancheFDN/status/1868711367793877393
In the old subnet model, every new blockchain launched on Avalanche must receive validation on the main network. This step is accompanied by an initial participation fee of at least 2,000 AVAX tokens or a value of around $100,000, as well as the hardware needed to validate these chains.
By introducing this update, Avalanche claims to have reduced Layer 1 deployment costs by 99.9% and C-Chain fees by 96%.
Additionally, Avalanche9000 simplifies the process of creating Layer 1 blockchains on the network, bringing them to market faster. Developers have more control to customize their layers in terms of staking, economics, gas, tokens, and more.
One of the key features highlighted by this update is Avalanche's built-in cross-chain messaging, which facilitates communication between the Avalanche C chain and Avalanche Layers 1. This feature works for both new and existing layer 1s.
Developers can use the messaging protocol to send and receive EVM messages cross-chain. Avalanche blockchains can send any type of information using ICM, including tokens, nfts, and oracle price data.
As previously reported by crypto.news, the Avalanche Foundation first revealed its plans to release its Avalanche9000 upgrade on December 2, calling it “the largest network upgrade since the protocol was launched.” The news was accompanied by an increase in overall quarter-on-quarter metrics during the third quarter of 2024.
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
