Avalanche (AVAX) Speed of Development Mind Blowing
Emin Gun Sirer expressed: Check out the impact of the latest Avalanche upgrade on fees.
The Avalanche network is an emergent entity, with performance properties and a life of its own. Every Dapp places new loads on the system that change over time. Winning systems will be those that can buidl, develop and adapt.
There’s much more to come. As a community, we have focused so far on science and fundamentals. We are just beginning the process of adjusting parameters and introducing optimizations.
Keep in mind that fees can and should spike in the future when there’s extreme demand. This is a good thing! Otherwise, the load would exceed the network’s capacity to clear.
In particular, Dapps and launches that are not designed carefully can place extreme stresses on the chain. I’ll be reaching out to teams to develop lighter, faster, and best of all, fairer mechanisms.
Overall, the Avalanche community is committed to building an elegant, fast, and decentralized chain that’s pleasant to use.
Patrick O’Grady expressed: Although AP4 succeeded in reducing contention on the C-Chain, we saw the minimum gas price oscillate at a higher rate of change than in our simulations. From one minute to the next, we observed changes of 20–50%.
This directly impacted the experience of some users who saw their transactions “stall” as the minimum gas price jumped by the time their transaction made it into the mempool. Those users would then need to wait for the minimum gas price to go down before seeing their tx.
Starting in AP5, Moderato is now parameterized to be ~66% more stable, target 15M units of gas consumption per 10 seconds, and better regulate block batching (less blocks that are more full).
The additional gas price stability should make transaction construction more reliable, the increased target gas consumption should reduce the average gas price, and increased block batching should increase the number of transactions that are processed at a given gas price.
Over the next few months, we will continue to pursue EVM optimizations that justify the further increase of target gas consumption. Any EVM-agnostic improvements will be shared with the broader community for review and/or usage.
Community Reaction: Coming from the Cardano community, the speed of development here blows my mind. The fastest shipping team in the whole crypto market.
Everything moves faster than ADA development. They’re trying to stay perpetually in the “buy the hype” sector because the “news” is rarely noteworthy.
Minimum gas does nothing unfortunately. Average matters. Now waiting for eth maxis comments on gas fees.
Given the level of optimizations and reduced volatility in gas prices, what are your thoughts on reducing the minimum gas price from 25 to 15 or something so more low priority Txns can go through cheaper (and help adjust in USD terms for higher AVAX price)?
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