
The recent Avalanche9000 upgrade has enabled the development of permissionless Avalanche Layer-1 (L1) protocols, allowing users to transact and deploy smart contracts without central authority approval. NodeKit is playing a crucial role in scaling a network of interconnected L1s following this upgrade. The upgrade aims to reduce blockchain deployment costs by 99.9% and transaction costs by 25 times. In a successful testnet event, over 1.5 million nodes participated, with more than 100,000 nodes operating simultaneously. Additionally, over 27,000 node tokens have been minted, valued at approximately $33 million. BuildOnBeam has emerged as the first permissionless Avalanche L1, utilizing node sales to demonstrate a potential model for decentralization in web3. A discussion on these developments is scheduled for December 23 at 3 PM EST.
Over 27,000 node tokens minted. With @BuildOnBeam successfully becoming the first permissionless Avalanche L1 utilizing node sales, have they shown web3 the blueprint to L1 decentralization? Join Avalanche Spaces 12/23 at 3p EST to find the answer to this and more. Set… https://t.co/9zYQgAiTxh
Firm building decentralized supercomputer attracts 1.5M nodes during testnet https://t.co/JeIstXsXt3 via @cointelegraph
Wow, testnet w/ 100k simul nodes and a reach of 1.5M - cooking @danielmarinq and @NexusLabs https://t.co/Y7Sr8En9Jr
