Crypto NewsAvalancheAnnouncement by Developers in Avalanche (AVAX) Provides a Rise in Price!

Announcement by Developers in Avalanche (AVAX) Provides a Rise in Price!

With the latest announcement made by Avalanche (AVAX) developers, a movement was observed in the price of the altcoin.

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Avalanche (AVAX), a layer 1 protocol aimed at providing high scalability and interoperability for decentralized applications, announced the launch of Cortina update on its own testnet.

The development was received positively and there was an upward movement in the price of the cryptocurrency.

A 24-hour chart showing the rise in AVAX price following the recent developments.

What Will Cortina Update Bring in Avalanche?

Cortina update provides linearization of X-Chain; which means that transactions will be sorted in a single chain rather than a directed acyclic graph (DAG).

This will enable Avalanche Warp Messaging (AWM) integration, a feature that allows subnets to seamlessly communicate with each other. AWM requires Snowman++, a chain-based consensus protocol that validates BLS multi-signatures of messages from other subnets.

The linearization of X-Chain will also facilitate Avalanche's integration with legacy exchanges, which were mostly designed for fully sequential blockchains such as Bitcoin and Ethereum.

According to Avalanche, many exchanges have difficulty reconciling balances at different points in time on a partially sequential blockchain like the current X-Chain. The Cortina update will make it easier for exchanges to support Avalanche's X-Chain and offer their users faster and cheaper transactions.

Also, Cortina update will enable state synchronization for X-Chain; which means new nodes can join the network without having to process all past transactions. This will reduce the bandwidth and storage requirements to run an X-Chain node and improve the security and decentralization of the network.

The Cortina update is currently live on Avalanche's testnet, Fuji, and will be tested and approved by the community before being pushed to the Mainnet.

*Not investment advice.

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