Avalanche has introduced the “Avalanche9,000” testnet, a substantial enhancement that is designed to reduce the expense and improve the accessibility of Layer 1 blockchain development.
The Avalanche Foundation has initiated this initiative, which includes a considerable financial inducement. They are offering $40 million in retroactive grants to developers and an additional $2 million for referrals to promote the network’s wider adoption. The testnet launched today, paving the way for its integration into the Avalanche mainnet (C-Chain) in 2025.
Stephen Buttolph, Chief Protocol Architect at Ava Labs, has stated that the objective of this update is to reduce the cost of all components of the Avalanche ecosystem. The elimination of capital requirements for Layer 1 validators and a decrease in C-Chain transaction fees are among the most significant modifications.
The Etna Upgrade is a central upgrade in the Avalanche9,000 deployment. It introduces rule modifications for validators and rebrands Avalanche subnets as “Avalanche L1s.” Improved interoperability and cost reduction are the primary objectives of ACP-77 and ACP-125, which are two critical components of this update.
ACP-77 will establish a new governance structure for validators to facilitate the development of low-cost, inherently interoperable blockchains. ACP-125 will significantly reduce the basic transaction charge on C-Chain from 25 nAVAX to 1 nAVAX.
Despite the fact that these reductions are relatively modest on a per transaction basis, they are anticipated to have a substantial impact over time, thereby making it more affordable for developers to deploy and maintain applications on Avalanche.
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