The development team behind Avalanche (AVAX) has unveiled the Durango upgrade, accompanied by the introduction of the Teleporter tool, a strategic move aimed at fostering enhanced interoperability within the platform’s ecosystem.
Released on March 7, the Teleporter tool, built on Avalanche Warp Messaging (AWM) and integrated into Avalanche’s Ethereum Virtual Machine (EVM) compatible network, the C-Chain, is tailored to boost communication across various EVM-compatible Avalanche sub-networks (subnets). This initiative aims to address fragmentation issues and promote cohesion within the expansive Avalanche ecosystem.
The Teleporter tool facilitates the seamless sharing of diverse data types, including cryptocurrencies, non-fungible tokens (NFTs), and oracle price feed data, across different Avalanche subnets.
The Durango upgrade represents a substantial advancement for the Avalanche network, incorporating several changes and improvements affecting aspects such as staking migration and developer responsibilities.
The upgrade, a precursor to Teleporter’s functionality, enables subnets to communicate effortlessly with the C-Chain using Avalanche Warp Messaging (AWM), providing an EVM-compatible interface. This interface allows Solidity (Ethereum’s programming language) developers to initiate arbitrary contract invocations across any subnet within the Avalanche network.
One notable change introduced with the Durango upgrade is the transfer of staking functionality management to the Avalanche Wallet, leading to the discontinuation of this feature shortly after the upgrade. Developers using Avalanche JSv1 or those who have forked Avalanche Wallet are urged to update their systems, as Durango does not support older transaction types.
Despite this change, Core Stake functionality remains operational post-Durango launch, supporting the new transaction types introduced by the upgrade. The overarching goal of Durango is to streamline operations within the Avalanche ecosystem and enhance overall network efficiency.
The synergy between the newly introduced Teleporter tool and the Durango upgrade significantly boosts interoperability, facilitating efficient communication between Avalanche subnets and effectively addressing ecosystem fragmentation.
Avalanche (AVAX) has been gaining momentum since its 2020 launch, positioning itself as a notable competitor to Ethereum (ETH) in the decentralized applications (dApps) and autonomous blockchains arena. AVAX, the platform’s native token, plays a pivotal role in network transactions, governance, and staking.
Recent technical analysis on TradingView suggests potential bullish movements for AVAX, with a target price of $52. The current AVAX price stands at $42.95, reflecting a notable 12% increase in the last 14 days.
With a market capitalization exceeding $16 billion and a fully diluted valuation estimated at over $18 billion, Avalanche continues to draw attention for its innovative strategies in addressing blockchain challenges and fostering the development of blockchain-based games and dApps.
