Categories: FintTechMenafn

Avalanche (AVAX) Up 5% After Cortina Mainnet Rollout

Summary:

  • Avalanche L1 network shipped a key upgrade to better the network for developers and blockchain builders.
  • The upgrade called Cortina migrated the X-chain on Avalanche so that the whole blockchain now runs on a single consensus engine.
  • AVAX, the native asset on this blockchain, jumped 5% in price after Cortina went live on the mainnet on April 25.

Layer 1 proof-of-stake network Avalanche shipped the Cortina upgrade to the blockchain’s mainnet as part of the project’s roadmap. Cortina was designed to bootstrap the network for efficiency and incentivize developer activity. This is achieved by optimizing the network that AVAX runs atop.

Around 11 AM ET on April 25, Cortina went live on the mainnet and upgraded to Avalanche Go v1.10.0. According to the core team, this represents the node implementation stack for the entire chain.

Cortina was first rehearsed on the Fuji testnet. Developers published a pre-release code for the upgrade that was activated back on April 6. The upgrade also refines the delegation of fees among validators who chose to stake after Cortina, introducing batch rewards.

AVAX, the native asset on this blockchain, jumped 5% in price after Cortina went live on the mainnet on April 25. The crypto coin traded above $17 during trading hours on Wednesday. AVAX also spiked in price as leading token Bitcoin (BTC) clawed back into the $29,000 range following more U.S. banking sector uncertainty.

AVAX/USDT by TradingView

Single Consensus Engine For Avalanche Post-Cortina

Yesterday’s Cortina upgrade implemented changes across the primary chains on Avalanche. For starters, one of the chains known as the X-Chain can now run a consensus model called Snowman++. The two other chains, P-Chain which is the platform chain and C-Chain which manages contracts also run Snowman++.

This means that the entire network now runs on a single consensus engine. Furthermore, the gas limit on the C-chain bumped up from 8 million to 15 million. This will allow developers to build and ship decentralized apps or dApps that require more intricate designs.

Ryan Helton

A Stock enthusiast since childhood, Ryan is known for his impeccable knowledge in the technology and gadgets niche. He has been working with eTrendy Stock as a contributor for most stock category and his articles are always well-researched and accurate.

Recent Posts

Angry Pepe Fork Unveils Deflationary Roadmap as PI Network Crosses 60M Users

New York, USA, 1st July 2025, ZEX PR WIRE, While PI Network officially passes 60…

11 hours ago

Tradeview Secures Prestigious SCA Category 5 License, Unlocking New Growth Opportunities in the UAE

Dubai, UAE, 1st July 2025, ZEX PR WIRE, In a bold step forward for its…

15 hours ago

NodeOps Network $NODE Token Generation Event Sells Out in Minutes via Binance Wallet, Debuts Across Top Global Exchanges

Dubai, UAE, 30th June 2025, ZEX PR WIRE, NodeOps Network is thrilled to announce the…

23 hours ago

LF Labs (LF Coin) Breakout Steals Spotlight as Shiba Inu Price Targets $0.000017 Return

Dubai, UAE, 30th June 2025, ZEX PR WIRE, LF Labs (LF Coin) gained momentum today…

23 hours ago

How Leclerc & Co. Is Redefining Affordable Luxury in the Watch Industry

In a market flooded with mass-produced designs and influencer-driven hype, a new contender is emerging…

3 days ago

Arbra Unveils Tokenized Private Equity Basket with SpaceX, Ramp, and Varda on Colb

London, UK, 27th June 2025, Arbra Partners Group (“Arbra”), the global financial services company, has…

4 days ago