CRYPTO 101 Ep. 633 AVAX State of the Union and the Avalanche 9000 Upgrade
Dec 23, 2024
Michael Kaplan, an engineer at Avalanche instrumental in the Avalanche 9000 launch, dives into the upgrade’s significance and its focus on scalability and customizability. He shares his blockchain journey and discusses the diverse applications of Avalanche technology. Insights into launching Layer 1 chains reveal economic implications and a generous $40 million incentive for developers via the Retro 9000 program. The conversation also touches on future trends and innovations, highlighting how Avalanche is set to evolve in the ever-changing blockchain landscape.
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Michael Kaplan's Journey
- Michael Kaplan has been at Ava Labs for over five years, initially joining because the founder was his professor.
- He's worked on various aspects, from bridges to interchain messaging, culminating in the Avalanche 9000 upgrade.
Multi-Chain Future
- Avalanche is designed as a multi-chain network for scalability and customizability.
- It allows tailoring blockchains to specific project needs, regardless of how fast a single chain can become.
Avalanche 9000 Overview
- Avalanche 9000 streamlines launching L1 blockchains within Avalanche, removing obstacles like the 2000 AVAX requirement.
- It improves the C-chain with cheaper fees, like a 96% decrease, making swaps cost as little as one cent.