AVALANCHE — 2024-5
2024-12-05

Avalanche is a blockchain ( CRYPTOCAP:AVAX ) platform that offers tools and features that allow users to launch DeFi decentralized applications. The platform also has a suite of tools for creating financial assets and enables trading and the building of enterprise-scale financial solutions.

 Etna: Enhancing the Sovereignty of Avalanche L1 Networks
 
A release for the latest upgrade to the Avalanche Network, dubbed the “Etna” upgrade, was published for activation on Avalanche Mainnet scheduled for 12 PM ET (5 PM UTC),  December 16, 2024 . This proposed upgrade consists of Avalanche Community Proposals (ACPs)   Reinventing Subnets,   Add Dynamic Fees to the P-Chain,   Warp Signature Interface Standard,   Reduce C-Chain minimum base fee from 25 nAVAX to 1 nAVAX,   Activate Cancun EIPs on C-Chain and Subnet-EVM chains, and   Use current block P-Chain height as context for state verification. The pre-released code version was successfully activated on the Fuji Test Network at 11 AM ET (4 PM UTC), November 25, 2024.