Hassan Maishera
On Tuesday, the Avalanche Foundation announced via X that the Helicon upgrade is now live on the Avalanche mainnet. The upgrade introduces,
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Continuous Execution for a faster C-Chain
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Auto-renewing staking
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48-hour minimum staking periods
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Stronger validator requirements
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A new reward curve designed to reduce AVAX issuance
Helicon brings more performance, better capital efficiency, and stronger economics to Avalanche.
Avalanche added that Helicon is one of its biggest upgrades yet, and lays the groundwork for larger upgrades to come.
Avalanche is an open-source platform for launching Decentralized Finance (DeFi) applications and enterprise blockchain deployments in an interoperable, highly scalable ecosystem. Avalanche is a layer-one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain, and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely, having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.
AVAX is up 4% today and currently trades at $11.1 per coin.
