On October 19, the Banff upgrade went live today on the Avalanche blockchain. Accordingly, validators can perform staking and earn rewards from the subnet’s native token.
Subnet refers to custom, dedicated sub-blockchains for applications on the Avalanche ecosystem. The upgrade gives subnet creators more customization and control over their ecosystem. The subnet is connected to the Avalanche blockchain but without sharing resources, the developers of each project can fully control their user experience.
The main difference after Banff is that if validators choose to staking the subnet’s native tokens, they can earn token rewards. The Banff upgrade is a hard fork. Validators are forced to upgrade to the latest version or are marked offline and have their rewards cut.
Banff is taking the Subnet to the next level. There are more customization options, as well as security options which are great. Also, it will be easier for a lot of developers to manage validators.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Foxy
CoinCu News
Since its inception, Dogecoin (DOGE) has come a long way, from being ridiculed as a…
Coinlist CEO Raghav Gulati critiques potential risks related to EigenLayer token issues and offers suggestions…
The new Telegram Gifts feature allows users to send customizable gifts, which recipients can display…
Explore how Qubetics’ decentralised VPN enhances security and privacy, Aptos aims for price growth, and…
Explore the hot presale crypto opportunities with Qubetics, along with the promising growth potential of…
Explore prime long-term crypto investments: BlockDAG’s 50% bonus is almost over & BNB displays bullish…
This website uses cookies.