Cryptocurrency Avalanche (AVAX) Completes Cortina Upgrade

Cortina upgrade

The blockchain of the crypto asset (virtual currency) Avalanche (AVAX) completed the Cortina upgrade on the 25th.

Cortina has improved each of the three main chains within the Avalanche platform: X-Chain (Exchange Chain), C-Chain (Contract Chain), and P-Chain (Platform Chain), allowing developers and users to Designed to be even easier to use.

The upgrade moved X-Chain’s consensus method to Snowman++. Snowman++ is a consensus building method originally used by P-Chain, C-Chain and some subnets.

The entire Avalanche network has been consolidated into a single consensus engine, making it easier to integrate with other chains and support more complex transactions.

Also, C-Chain’s gas limit has been increased from 8 million gas to 15 million gas, allowing more complex transactions to be processed in a single block. On the other hand, the average calculation amount used in 10 seconds has not been changed in order to prevent gas prices from rising. The block gas limit increase addresses the needs of developers deploying more complex dApps on the Avalanche network.

C-Chain (Contract Chain) is an EVM (Ethereum Virtual Machine) implemented chain that can execute smart contracts. This chain is used to build dApps.

In addition, P-Chain, which is used to manage validators and subnets, implements the “Batched Delegator Rewards” function, which simplifies the flow of validators (verifiers) receiving commissions from delegators (delegators). rice field. Previously, you received separate rewards for each delegation period, but now you can receive the commission for the entire verification period at once when you cancel the validator.

connection:What is Avalanche that even beginners can understand | Explaining points to note and future potential

Subnet evolution

In 2022, on-chain activities on Avalanche increased rapidly due to the spread of “subnets” that build their own chains for each project such as games. After that, it was on a downward trend throughout 2011, but has been on an upward trend again in the past month.

Source: stats.avax.network

According to stats.avax.network, the number of daily active addresses on AVAX has doubled in the past month to about 80,000. The number of monthly active addresses in April was 740,000.

Institutions can easily launch their own Evergreen Subnet as a result of their deployments on Spruce–giving them a flexible proof-of-concept platform as they develop digital asset strategies and use cases customized to their needs.

Read more on Spruce: https://t.co/ZgulRMNmCp

— Avalanche (@avax) April 12, 2023

In early April, Avalanche launched Spruce, a network for existing financial institutions. Spruce is an EVM (Ethereum Virtual Machine) compatible chain with a set of allowed validators and your own gas token configuration. After that, financial institutions such as T. Rowe Price, WisdomTree, Wellington Management, and Cumberland were revealed to use “Spruce”.

connection:Messari Avalanche Analysis “Expectation for AVAX Demand for Subnet Validators”

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