- Avalanche9000 is the biggest upgrade that the Avalanche network has undergone since its mainnet launch and prepares the network for an explosion in builders and users.
- The upgrade removes the need for validators to stake 2000 AVAX tokens, making it easier to deploy custom blockchain networks atop the Avalanche network.
Blockchain networks are going through a period of landmark transformation and most networks are responding with some significant changes to their network operations. Ethereum, for instance, switched to proof-of-stake as concerns over energy use increased, and Cardano implemented the Chang hard fork to respond to concerns over centralisation.
Avalanche has taken its big leap with the launch of Avalanche9000, which it says “unlocks an expansive world of purpose-built blockchains that all feel like one, giving builders a suite of out-of-the-box tools with complete customization controls.”
Avalanche9000 🔺
The catalyst that unlocks an expansive world of purpose-built blockchains that all feel like one, giving builders a suite of out-of-the-box tools with complete customization controls.
Build with no compromises.
Let’s dig in 👇 pic.twitter.com/g7P05y9R7P
— Avalanche 🔺 (@avax) September 3, 2024
One of the main targets of the new upgrade is scaling. While blockchain networks have revolutionized how value and messages move over the internet in a decentralized manner, they still fail to scale enough to meet enterprise needs. For context, despite moving to proof-of-stake, Ethereum processes around 15 transactions per second, with a maximum theoretical throughput of 120. Visa, on the other hand, hits 2,000 tps, with the capacity to hit over 20,000 tps during peak demand times.
The Avalanche team recognizes the need for scale, and Avalanche 9000 is their response.
How Avalanche9000 Changes Blockchain For Good
Blockchains are broadly categorized into two: integrated and layered. The former is like Bitcoin, where every app builds on one Layer 1 chain, with advantages including higher security and better liquidity. The latter has a Layer 1, upon which Layers 2 and 3 are built for specific use cases, with advantages including better scale, although it is at the expense of interoperability.
Avalanche is changing the entire architecture. With Avalanche9000, the network is expanding on its vision of having multiple Layer 1s rather than building Layer 2s and 3s on top of a single overworked Layer 1.
Under this model, Avalanche will have one primary chain (the C-chain), which will anchor other Layer 1s. These L1s can easily access liquidity from the C-chain, and every existing tool for developers will be available here.
With Avalanche9000, developers can deploy their L1s as they wish, determining the tokenomics and fees. They also get to set custom validators and implement geo-restrictions for better regulatory compliance. Already, entities like Deloitte, MapleStory, Gunzilla and DeFi Kingdoms have deployed these L1s, Avalanche revealed.
All the L1s will be interconnected with the network’s Interchain Messaging protocol, essentially making them interoperable.
Avalanche summed up:
With clarity that multi-chain architecture is the most scalable path forward, Avalanche9000 creates an elegant solution that enables each purpose-built chain to benefit from Layer 1 architecture, doubling down on the original Avalanche vision.
The Avalanche9000 moment will significantly lower the economic barrier to deploying an L1, resulting in nimble iteration and a faster go-to-market.
AVAX trades at $23.52, dipping marginally in the past day, but it’s still 10% up on the weekly scale.
