Avalanche has undergone one of its biggest upgrades to date, revealing the Avalanche9000. New improvements will significantly increase the efficiency of developers on the network. In particular, the cost of subnet and smart contract validation has been reduced.
The popular Layer 1 network Avalanche has undergone a major upgrade, resulting in several improvements for on-chain developers and validators. The update is packaged as a platform called Avalanche9000 and is specifically targeted at users building L1 and subnets with the Avalanche protocol.
AVAX, the network's native token, enjoyed a strong week of trading, rising nearly 14% with its price on track to surpass US$50 (AU$78.6).
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Avalanche9000 upgrade improves efficiency for Avalanche developers
Avalanche's blockchain is designed to support Web3 developers looking to deploy new protocols and applications within the DeFi space. The project has been successful to date, sometimes spending time on top 10 market cap coins, but this upgrade will usher in a new era of efficiency for the network.
Why L1?
Each application has different needs.
Games require speed ✅
Educational institutions need customization and control ✅
DeFi requires low fees and interoperability ✅
Only by launching your own Avalanche L1 can you build specialized infrastructure without tradeoffs 🤝 pic.twitter.com/hBRhhZBA19
— Avalanche 9000 🔺 (@avax) December 16, 2024
Simply put, the Avalanche9000 implementation makes launching L1 on Avalanche 99.9% cheaper. The development team suggests that an “explosion of launches” is likely to occur.
Avalanche reportedly hosts over 500 L1s on its network, which requires significant scalability and processing power.
The final means of cost reduction are cheaper smart contracts and subnets, which are essential to operating the network on Avalanche's base chain.
Subnets are a scalability tool built into Avalanche that allows developers to create “networks within networks.” Basically, these are collections of nodes that validate transactions on different blockchains.
Another big change is coming to the protocol's validators. Typically, these subnet nodes must also be validators on the main Avalanche network to participate.
But thanks to Avalanche Community Proposal 77, this is no longer the case.
The previous Avalanche model required up-front costs of approximately US$100,000 (AU$157,000), making it difficult for small teams to deploy new projects. The ACP-77 makes supporting and building subnets in Avalanche much easier.
