2024

DeFi

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Avalanche

<p class="is-style-lead">Avalanche has announced a major network upgrade as the high-performance blockchain platform eyes further growth within the crypto ecosystem.</p> 
<p>The Avalanche (<a rel="" href="https://crypto.news/price/avalanche/">AVAX</a>) team revealed the upcoming launch of Avalanche9000, which they describe as the “largest network upgrade” since the blockchain platform’s mainnet debut in September 2020. According to a <a href="https://www.avax.network/blog/building-on-avalanche9000" target="_blank">blog post</a>, Avalanche9000 will soon be available in testnet.</p> 
<h2 class="wp-block-heading" id="avalanche9000-testnet-coming-soon">Avalanche9000 testnet coming soon</h2> 
<p>Avalanche provides a highly scalable and flexible blockchain that allows developers to build and deploy decentralized applications on a fast and low-cost network.</p> 
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   <p lang="en" dir="ltr">Avalanche9000 🔺<br><br>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.<br><br>Build with no compromises. <br><br>Let’s dig in 👇 <a rel="" href="https://t.co/g7P05y9R7P" target="_blank">pic.twitter.com/g7P05y9R7P</a></p>— Avalanche 🔺 (@avax) <a href="https://twitter.com/avax/status/1830984703610101955?ref_src=twsrc%5Etfw" target="_blank">September 3, 2024</a>
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<p>The platform aims to create a multi-chain network that benefits from connected layer 1 chains, or subnets, to facilitate the scaling of the entire network.</p> 
<p>Avalanche9000 is set to accelerate the deployment of Avalanche subnets by making it economically feasible for developers to launch these L1s. The upgrade will also introduce customizable chains, which will speed up projects’ time-to-market.</p> 
<p>In addition to the Avalanche9000 testnet, Avalanche plans to release the necessary tools and documentation for users to launch their own L1s on the network. The upgrade will also include key network changes as outlined in various proposals, as well as developer incentives and partner launches.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/tixbase-partners-with-passo-to-transform-ticketing-via-avalanche/"> Tixbase partners with Passo to transform ticketing via Avalanche </a> </p> 
<h2 class="wp-block-heading" id="what-is-an-avalanche-subnet">What is an Avalanche subnet?</h2> 
<p>An Avalanche subnet is a chain or network with its own rules on membership, tokenomics, and execution layer. The subset of validators on the network work together to achieve consensus on one or more purpose-built chains. This structure allows Avalanche to offer a unified experience for users.</p> 
<p>Some of the major Avalanche L1 launches include those by Deloitte, DeFi Kingdoms, Gunzilla Games, MapleStory, Shrapnel, and SK Planet.</p> 
<p> Read more: <a rel="" href="https://crypto.news/crypto-knowledge-a-beginners-guide-to-avalanche-subnet/"> Crypto knowledge: A beginner’s guide to Avalanche Subnet </a> </p>

Avalanche announces largest network upgrade since mainnet

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