{"id":2825,"date":"2024-12-17T12:34:29","date_gmt":"2024-12-17T14:34:29","guid":{"rendered":"https:\/\/criptonizando.com\/en\/?p=2825"},"modified":"2024-12-17T12:34:29","modified_gmt":"2024-12-17T14:34:29","slug":"avalanche-blockchain-breaks-new-ground-with-avalanche9000-upgrade","status":"publish","type":"post","link":"https:\/\/criptonizando.com\/en\/news\/avalanche-blockchain-breaks-new-ground-with-avalanche9000-upgrade\/","title":{"rendered":"Avalanche Blockchain Breaks New Ground with Avalanche9000 Upgrade"},"content":{"rendered":"\n

Avalanche, a layer-1 blockchain launched in 2020 and now the tenth-largest by total value locked (TVL), rolled out its long-awaited Avalanche9000 upgrade on Monday. This marks the network<\/a>\u2019s most significant technical overhaul so far.\u00a0\u00a0<\/p>\n\n\n\n

The changes have been in the works for months, bringing features designed to reduce costs for transactions, running validators, and building apps on the platform.  <\/p>\n\n\n\n

Avalanche\u2019s leadership told CoinDesk that the upgrade is part of their effort to attract developers. They aim to encourage the creation of custom blockchains, called subnets or \u201cL1s,\u201d using Avalanche\u2019s tech.  <\/p>\n\n\n\n

Known as the Etna upgrade, the overhaul includes seven improvement proposals. Two of the most impactful ones are ACP-77 and ACP-125.  <\/p>\n\n\n\n

Deep Dive Into Avalanche ACP-77 and ACP-125<\/h2>\n\n\n\n

ACP-77 introduces a new type of validator, making it easier and cheaper for users to launch their own subnets. This change is expected to drive more participation in creating Avalanche-based networks.  <\/p>\n\n\n\n

ACP-125 reduces the base fee on Avalanche\u2019s smart contract network, the C-chain, from 25 nAVAX (about $0.00000098) to 1 nAVAX ($0.00000004). This adjustment makes computing on the network more affordable. To clarify, one nAVAX is one-billionth of an AVAX. Avalanche also operates two other main chains: the P-chain, for staking AVAX and running validators, and the X-chain, for transferring funds.  <\/p>\n\n\n\n

Ahead of the upgrade, the Avalanche Foundation revealed it had raised $250 million in a token sale. The funding round was led by Galaxy Digital, Dragonfly, and ParaFi Capital.  <\/p>\n\n\n\n

How can you make money with AVAX?  <\/h4>\n\n\n\n

Avalanche runs on a proof-of-stake system. This means AVAX holders can earn rewards by staking their tokens. Staking involves locking your AVAX in a compatible wallet and helping validate transactions on the network. It’s a way to earn passive income while supporting the blockchain<\/a>.\u00a0<\/p>\n\n\n\n

Can AVAX reach $1,000?  <\/h4>\n\n\n\n

Reaching $1,000 is a bold prediction and highly speculative. However, it’s not completely out of the question if the right conditions align. Factors like widespread adoption, increased utility, and favorable market trends would need to come into play.<\/p>\n","protected":false},"excerpt":{"rendered":"

Avalanche, a layer-1 blockchain launched in 2020 and now the tenth-largest by total value locked (TVL), rolled out its long-awaited Avalanche9000 upgrade on Monday. This marks the network\u2019s most significant technical overhaul so far.\u00a0\u00a0 The changes have been in the works for months, bringing features designed to reduce costs for transactions, running validators, and building […]<\/p>\n","protected":false},"author":10,"featured_media":2826,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tpgb_global_settings":"","kia_subtitle":"","footnotes":""},"categories":[1],"tags":[47,46,44,35],"class_list":["post-2825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-avalanche","tag-avax","tag-blockchain","tag-cryptocurrency"],"acf":[],"yoast_head":"\nAvalanche Blockchain Breaks New Ground with Avalanche9000 Upgrade - Criptonizando<\/title>\n<meta name=\"description\" content=\"Avalanche launched its Avalanche9000 upgrade, enhancing transaction efficiency, validator costs, and app development\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/criptonizando.com\/en\/news\/avalanche-blockchain-breaks-new-ground-with-avalanche9000-upgrade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avalanche Blockchain Breaks New Ground with Avalanche9000 Upgrade - 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