CCRI Report Shows Avalanche Blockchain Annual Electricity Consumption Drops by 4%
The Cryptocurrency Carbon Rating Institute (CCRI) recently released its annual PoS benchmark study, which found that despite the introduction of new subnets this year, Avalanche's power consumption has still decreased by 4%. The public blockchain ecosystem of Avalanche only uses 8.2% of the energy consumed by the Ethereum network and only 0.00034% of the energy consumed by the Bitcoin blockchain.
OpenZeppelin Defender has been launched on the Avalanche mainnet
OpenZeppelin Defender has announced its launch on the Avalanche mainnet. OpenZeppelin Defender users can now code, audit, deploy, monitor, and operate blockchain applications on Avalanche. Defender 2.0 is directly integrated into the developer workflow, providing various features aimed at making builders more easily and quickly prevent and fix security issues.
Investment Giant VanEck Warns of Uncertain Future for Ethereum Rival Avalanche (AVAX)
Investment firm VanEck has released a report on the digital asset markets, warning that Ethereum competitor Avalanche is facing significant challenges. VanEck notes that on-chain activity on Avalanche's C-Chain has dropped to critical levels, with fees per day falling by 98.9% from its peak two years ago.
Avalanche releases Cortina 11 version
Patrick O'Grady, the Engineering Vice President of Ava Labs, announced in a tweet that Avalanche has released Cortina 11. This version (v1.10.11) is backward compatible with v1.10.0 and is optional, but the team recommends using it. The focus of this release includes ArchiveDB, refactored RewardValidatorTx logic, and a generalized file tracking package.
Avalanche Foundation launches Ted Yin grant program to expand open source technology development
Avalanche Foundation announced the launch of the Ted Yin Grant Program to recognize Yin Maofan "Ted" Yin's contributions as a computer scientist to the Avalanche public blockchain ecosystem. The Ted Yin Grant Program will advocate for and fund the development of open-source software projects based on the Avalanche public blockchain, contribute to the ecosystem surrounding the Avalanche public blockchain, and/or otherwise benefit public, permissionless blockchains.
NFT Marketplace Hyperspace Announces Launch on Avalanche
NFT marketplace Hyperspace announced its launch on Avalanche, aiming to provide a better trading experience.Hyperspace's Launchpad has successfully operated over 50 NFT projects on Solana and Sui, including ByteCity minted for Bruce Lee.
