Crypto

Avalanche Unveils $40M Grant Program Ahead of ‘Avalanche9000’ Upgrade

Luigi D’Onorio DeMeo, the chief operating officer at Ava Labs, the main developer firm behind Avalanche, shared in an interview with CoinDesk a new approach to testing upgrades before launching them on the mainnet.

Instead of the traditional method of quickly moving upgrades from testnet to mainnet, Avalanche is looking to extend the testnet process and introduce what they call an incentivized testnet. This unique approach aims to encourage more participation and thorough testing before releasing updates to the main network.

By incentivizing users to actively engage in the testnet process, Avalanche hopes to identify and address any potential issues or bugs before they can impact the mainnet. This approach not only improves the overall quality and stability of the network but also helps to increase adoption by building trust in the platform’s reliability.

With this innovative strategy, Avalanche is setting a new standard for how upgrades are tested and deployed in the blockchain industry. By prioritizing thorough testing and community participation, Avalanche is paving the way for a more secure and reliable blockchain network.

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Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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