TL;DR on Avalanche9000 and Why You Should Care š
($AVAX Value Accrual Just Got 9000% Better)
TL;DR
ā¢ New L1s pay set up fee & recurring monthly fee in $AVAX
ā¢ These $AVAX gets burned and price go up
ā¢ Avalanche9000 upgrade makes it easy for builders to create L1 that's secure, faster, harder, stronger (scalable, customizable, and interoperable)
ā¢ Avalanche9000 testnet coming soon with rewards to early builders
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Avalanche9000 is the largest upgrade ever in Avalanche history
Launching your own L1 will be more economically feasible, simpler to customize, smoother to maintain and quicker to bring to market
šš®š šš”š²?
1/11
Ethereum: scales through L2s ā This is called Layered (L2s)
Avalanche: scales through L1s (previously called subnets)
While L2s inherit the security of Ethereum, they rely on centralized sequencers & tooling before settling on Ethereum (Yep Centralized)
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L2s have to rely on third-party provider for bridges communication
(there are risks associated with bridges ā as we all know cross-chain bridges have been prime targets for hackers & exploits)
Avalanche has native cross-chain communication on the validator level
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Wat Mean?
Imagine a more secure & fast af LayerZero natively embedded on the infrastructure allowing 9000+ Avalanche L1s to seamlessly move assets from one another in less than a second
True Omnichain Interoperability is now closer than ever
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The future where you deposit $AVAX on Avalanche and borrow stables on @MaplestoryU L1
or a future where a legendary AK47 on @playSHRAPNEL can be seamlessly migrated and used in @GunzillaGames's Off The Grid
All entirely possible because of Avalanche's ICTT
5/11
As a validator: With Avalanche9000, you now have 9000 opportunities with 9000 less headaches
You don't need to stake 2,000 AVAX to validate the Avalanche Primary Network
Instead, validator only needs to abide by the L1s they wish to validate (all w/ their own rewards)
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Previously validators have to stake 2,000 AVAX to validate Primary Chain before they can validate the subnets
So heavy congestion can lead to poor performance on subnets
Now this is not an issue as validators are separate (distinct validator sets)
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For Builders -> Why Build a L1 on Avalanche ?
ā¢ Better token value accrual for your token ā¢ gas for your chain / your own staking requirement L1 tokenomics
ā¢ Acquire Web2 Users ā¢ abstracting gas away through Account Abstraction (Yes it's part of the toolkit)
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ā¢ No need to share blockspace w/ other dApps on a shared chain
ā¢ Cheaper to launch an L1 / Builders can focus on building the product instead of worrying about infra
ā¢ VC pay more valuation for you (debatable)
ā¢ Shared liquidity thru Avalanche Interchain Messaging
9/11
For Apes -> You Wasting My Time Jeff, What's the Alpha?
Avalanche is now SaaS
ā¢ New L1s pay $AVAX for building a L1
ā¢ Every month Avalanche L1s pay $AVAX
All of these $AVAX gets sent to P-Chain and burned š„ (Yes $AVAX Price Go Up)
10/11
Conclusion
Avalance9000 allows builders to whip up new L1 very easily while offering the security, speed, decentralization, and interoperability so builders can focus on building the product
Avalanche9000 testnet will go live soon, offering reward to early builders
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