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

AgriFi Blockchain Farm: Where AI, IoT, and DeFi Grow the Future of Agriculture Finance

Where Farmland Meets Blockchain, and Data Drives Yield: A New Blueprint for Sustainable AgriTech and…

7 hours ago

Bitcoin Bulls Bet on Fed Rate Cuts to Ignite Next Rally

Bitcoin investors are watching the Federal Reserve closely as speculation grows that a rate cut…

17 hours ago

Al Marwan Developments Leads UAE Economic Diversification With District 11’s Cutting-Edge Commercial Smart City Infrastructure

Dubai, UAE, 14th September 2025, District 11, the visionary 3.5 billion AED smart work resort development by…

1 day ago

Sandford Blair Capital Poised to Capitalize on Oracle’s AI-Cloud Breakthrough

Oracle’s Fiscal Q1 2026: A Landmark Quarter Lier, Flanders, 12th September 2025, ZEX PR WIRE,…

3 days ago

Countdown to Forex Expo Dubai 2025 – Your Chance to Take Home the Jetour X70 FL

Just Weeks Away From the Middle East’s Leading Trading Event, Returning October 6–7 at Dubai…

3 days ago

Dogecoin Pops As First U.S. Memecoin ETF Eyes Friday Debut

Dogecoin (DOGE) extended weekly gains as traders positioned for the REX-Osprey Dogecoin ETF (ticker: DOJE),…

4 days ago