KEY TAKEAWAYS
- The Avalanche Community Proposal ACP-77 has been approved, enabling the Etna upgrade, which will transform Subnets like the Beam Network into independent Layer 1 blockchains.
- The Beam Network will gain autonomy, allowing it to set its own rules and reduce costs, enhancing its focus on the gaming sector.
- The upcoming Horizon upgrade will introduce a permissionless, proof-of-stake consensus, expanding the Beam Network’s capabilities and validator rewards.
The Avalanche Community Proposal ACP-77 has been accepted, paving the way for the Etna upgrade, which will significantly impact all Subnets, including the Beam Network. Following this upgrade, the Beam Network will be recognized as a Layer 1 blockchain network, gaining increased autonomy from the Avalanche Network while still leveraging its infrastructure.
The Beam Network, a major player using the Avalanche tech stack, has seen substantial growth, particularly in the gaming sector. This growth has highlighted the limitations of the current setup. The Etna upgrade will enable Subnets to operate as independent Layer 1 blockchains, removing previous constraints such as validator node requirements, which are crucial for a decentralized ecosystem.
Implications of the Etna Upgrade for Beam Network
With the Etna upgrade, the Beam Network will have the flexibility to set its own rules, adjust parameters, and launch virtual machines tailored to its core focus on gaming. This autonomy will enhance the network’s ability to communicate efficiently with other blockchains, including those of games that may require their own Layer 1 networks.
Additionally, the costs associated with launching and maintaining an Avalanche Layer 1 will be significantly reduced. The hardware requirements for running a validator node will also decrease, making it more accessible and cost-effective. This development aligns with Avalanche’s ethos of providing developers with the freedom to build and set their own rules.
The Horizon Upgrade and Future Prospects
The Beam Network is preparing for the Horizon upgrade, which will introduce a permissionless, proof-of-stake consensus mechanism. This upgrade will allow anyone meeting the network criteria to validate and secure the Beam Network by running or delegating to a Beam Node. Validators will receive a variety of rewards, including transaction fees and protocol fees generated across the Beam ecosystem.
The transformation of the Beam Network marks a pivotal moment not only in terms of infrastructure but also for the entire Beam ecosystem. The Horizon upgrade, enabled by the Etna upgrade, will allow the network to evolve into a collective experience, beyond just serving as infrastructure for games.
For more information, the announcement can be read here.
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