On November 26th, COINOTAG reported a pivotal upgrade to the Avalanche blockchain, as revealed by The Block. Dubbed Avalanche9000, this update aims to significantly enhance the network’s efficiency, boasting a reduction in blockchain deployment costs by an impressive 99.9%. Central to this upgrade are two critical community initiatives: ACP-77, which enhances the flexibility of Avalanche Layer 1 validators, and ACP-125, designed to slash Avalanche’s base transaction fees by 96%.
Additionally, the launch of Retro9000, a substantial $40 million grant initiative, underscores the Avalanche ecosystem’s commitment to fostering innovation. This fund will reward developers focusing on Layer 1 blockchain advancements and associated tools within the Avalanche9000 testnet. This strategic move not only reinforces Avalanche’s infrastructure but also aims to accelerate the growth of its developer community.
Source: https://en.coinotag.com/breakingnews/avalanche9000-upgrade-transforming-blockchain-with-99-9-cost-reduction-and-a-40m-grant-program/