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Avalanche 9000 Will Be A Game Changer For AVAX: Here’s Everything You Need To Know

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Avalanche 9000 is set to be a game-changer that will drive scalability without comprising security in a cheap way, will it boost AVAX price?

Avalanche 9000 is set to be a game-changer that will drive scalability without comprising security in a cheap way, but will it boost the struggling AVAX price?

Avalanche, avax-avalanche icon avax-avalanche icon Price Trading volume in 24h Last 7d price movement , is already fast and cheaper to transact with.

Although it was first designed to enable DeFi protocols and make related transactions cheaper, it has admirably evolved to meet the demands of the community.

Now, Avalanche hosts meme coins, fast-tracks tokenization, and continues to serve a vibrant community of DeFi enthusiasts.

While the platform still lags, looking at total value locked (TVL) versus, say, Solana and Ethereum, this is not preventing Ava Labs from building.

Avalanche 9000 is set to be a gamechanger that will drive scalability without comprising security in a cheap way, drawing developers

(Source)

As they turn to innovation and evolution, the current goal is to implement the upcoming Avalanche 9000 upgrade.

The update, Ava Labs says, will be the largest since the mainnet launch.

Therefore, given its significance, it is easy to see why the upgrade is highly anticipated, given what it plans to bring.

There is no specific date when Avalanche 9000 will launch.

 

Here’s What Expected After Avalanche 9000 Implementation

However, once it is live, it will tag the following key features:

  • A simple and quick subnet deployment: Subnets are similar to sidechains in Ethereum. They scale the network, deriving its security from the distributed web of validators. After Avalanche 9000, developers planning to launch subnets will have an easy time and do so cheaply—a 99% reduction of the commitment fee is expected. The deployment will be accessible and cost-effective, drawing more developers.
  • Customization: Another big addition after Avalanche 9000 is the ease of customization. This feature allows builders to easily create tailored chains that meet their project specifications, and Ava Labs expects development to be accelerated due to it.
  • Live Testnet: Beyond customization, developers trialing new programs can test their products on Avalanche in a live environment. This feature makes it easier for developers to quickly experiment and fine-tune their programs using live data before deploying them on the main net.
  • Interoperability: Once this update ships, Ava Labs expects the base layer to be more interoperable. By becoming interoperable, all subnets will have higher liquidity on launch. Moreover, there will be a sense (and benefit) of collective success through the network’s ICM protocol powered by Cosmos.
  • Decentralized governance: After Avalanche 9000, developers expect more decentralized governance. A big part of this will be an arrangement where future upgrades and impactful innovations will be community-led. This will be massive in promoting a decentralized and, thus, more secure ecosystem favorable for developers, who are crucial for growth.

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What’s The Current Status of AVAX Price?

As mentioned earlier, the launch date remains tentative.

Developers are working hard behind the scenes to refine their code to avoid errors on launch.

Ahead of this, Ava Labs chief operating officer Luigi D’Onorio DeMeo, in a recent webinar, is upbeat, expecting a more vibrant Avalanche C-Chain and cheaper subnet deployment.

“The need for a more scalable environment for enterprises or products that need product market fit becomes more noticeable as teams develop,” D’Onorio DeMeo said during the discussion. “As more web3 games such as Off the Grid become more popular and hit millions upon millions of transactions a day, they will need an upgrade, and EVM won’t be enough.”

Whether AVAX, the native currency, will benefit remains to be seen.

Avalanche 9000 is set to be a gamechanger that will drive scalability without comprising security in a cheap way, drawing developers

(AVAXUSDT)

The coin is down -83% from the all-time high of $146 recorded in November 2021, looking at Coingecko data.

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Dalmas is an experienced journalist with over a decade in crypto, technology, and blockchain. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, and Entrepreneur, among others. He is passionate about crypto and is always on the lookout for the latest trends in these fields. Connect with Dalmas on X @Dalmas_Ngetich

View all Posts by Dalmas Ngetich

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