Avalanche Moves In The Direction Of Polkadot

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26 Sept 2024

Blockchain Ecosystems & Scalability
Scalability is one of the most prominent and ongoing challenges within the blockchain space. This has been an ongoing issue in the Crypto space for as long as I can remember. There have been numerous attempts to improve and enhance scalability. However, as a layer 0 blockchain, Polkadot accomplishes this objective best via its ecosystem of layer 1s, also known as parachains. However, it is not alone in its endeavor.
The upcoming Avalanche9000 upgrade will see Avalanche taking on a very similar model to Polkadot. Highly effective messaging systems between the layer1s enhance scalability and interoperability. I have always seen interoperability as a non-negotiable, regarding the future of blockchain. A WEB3 future has to incorporate a high degree of interoperability. Without it, models remain isolated and have limited advantages over existing WEB2 models.
WEB3 removes the clunky experience of WEB2. However, it’s the element of interoperability that gives WEB3 a touch of sophistication. Decentralization, scalability, and interoperability are the three strands that make WEB3 a superior and stronger alternative. Upgrades such as Avalanche9000 are likely to become a trend. Blockchains will get left behind if they do not choose to keep up with innovation.
Avalanche9000 Is A Game Changer
In a multi-chain network of connected layer 1s, each time a new chain is added, the scalability of the entire network increases. This ultimately turns the scalability issue on its head. The more dApps you have operating on an isolated layer 1, the more congested the network becomes. Solana is a good example of this. A multi-chain network increases the scalability of the network as it expands.
This is the dynamic required for growing ecosystems. It is rumored that up to 75 games will launch on Avalanche in 2025. Polkadot has also seen a surge in gaming projects with certain gaming projects like Enjin migrating to Polkadot from Ethereum. Developers are looking for a specific “package” and Polkadot and Avalanche are well-positioned to attract builders, especially as ETH continues to over-promise and under-deliver.
Ethereum has had more than a decade to sort itself out. It will likely maintain its position of dominance. However, those looking to build aggressively and gain traction will look elsewhere. This has already been proven and seen with Polkadot, and now, Avalanche. The Avalanche9000 upgrade is a well-timed development that could see AVAX trading significantly higher in the coming months.
The commencement of Chapter 2, regarding the current bull market together with Avalanche9000 has the potential to trigger enormous gains for AVAX when Altcoin Season arrives. Furthermore, the launch of the ARENA token is also expected to be a strong catalyst for AVAX, with some even expecting it to kick start a new bullish phase for AVAX and SocialFi in general. Technical analysis also affirms the likelihood of such an outcome.

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Final Thoughts
Avalanche9000 is a strategic move for Avalanche. Effective scalability and interoperability are required to take Crypto and blockchain to the next phase. Accommodation is an important aspect of adoption. You cannot have one without the other. Get ready for some powerful moves from Avalanche in the coming months. AVAX is currently trading at $28.15 with an all-time high of approximately $150. See you next time!

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Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.