Avalanche shared details on how Durango could impact different aspects of the network. Durango is a proposed upgrade to the Avalanche network, with launch on the Fuji testnet scheduled to go live on Tuesday, February 13, 2024, around 11 a.m. ET. The Avalanche Labs engineering team has already shared the pre-release code for the update. May impact staking migration, developer liability, and Core Stake.
To begin with, the responsibility for managing the staking functionality has been assigned to Avalanche Wallet. With the Durango implementation, however, that functionality would soon be discontinued. However, until March this year, when it will be deprecated, the site will remain operational. Upon the release of Durango, the staking functionality of Avalanche Wallet and all subsequent live derivatives will be removed. This is because new categories of permissionless transactions are not supported.
A migration to Core Stake has been recommended. It would be a healthy alternative for validators using Fuji. Core Stake remains active with the launch of Durango because it supports the new transaction type.
As for the developer’s responsibility, it is completely his job to maintain Avalanche JSv1. This concerns those developers who have forked Avalanche Wallet. The reason for this, once again, is that Durango does not support older transaction types.
The publication of pre-release code for a proposed update to the Avalanche Network dates back to February 2, 2024. It was shared by Patrick O’Grady, who, according to their information, is the vice president of platform engineering at Ava Labs. The release of the pre-release code was hailed as a welcome step forward into the era of Avalanche interoperability.
Moving forward, the Avalanche ecosystem aims to understand the practical impact of Durango on the elements of the Avalanche Web Wallet.
However, the Avalanche community expects much more than that. Avalanche has announced that the Avalanche Summit will return this year. The event will take place in October 2024 in Buenos Aires, Argentina. The official website offers tickets and applications, sponsorship and speaking engagements.
Chainlink, Circle, The Graph, Fireblocks, and VNTR Capital are just some of the companies that have previously supported Avalanche Summit.
Avalanche’s native token, AVAX, is currently on a bullish wave. It is up 0.44% over the past 24 hours, trading at $34.30 at the time of writing. The rating also reflects a decline of 0.31% and 0.73% over the past 7 and 30 days, respectively. The market capitalization is up by 0.44% while the 24-hour volume is down by 2.44%.
Durango, an avalanche network update, will definitely bring some changes. It just remains to be seen to what extent this will affect different aspects of Avalanche Web Wallet and what it has in store for developers.
