Injective (INJ) Unveils Altaris Mainnet Upgrade with Enhanced Capabilities

Iris
Coleman

Aug
02,
2024
08:07

Injective
(INJ)launches
Altaris
mainnet
upgrade,
promising
enhanced
scalability,
new
developer
tools,
and
improved
economic
structure.

The
blockchain
landscape
is
set
for
a
significant
transformation
as
Injective
(INJ)unveils
its
Altaris
mainnet
upgrade.
This
upgrade
promises
to
redefine
Injective’s
capabilities,
enhancing
scalability,
developer
tools,
and
economic
frameworks.

Background

The
Altaris
upgrade
was
initiated
following
the
community’s
overwhelming
support
for
Injective
Improvement
Proposal
420
(IIP-420).
The
proposal
saw
one
of
the
highest
rates
of
governance
participation
in
Injective’s
history,
with
over
$1
billion
worth
of
staked
INJ
used
to
vote
in
favor.

Altaris
follows
the
Volan
upgrade
launched
in
January
2024,
aiming
to
provide
the
most
optimized
and
advanced
version
of
Injective
to
date.
At
its
core,
Altaris
offers
significant
improvements
in
scalability,
performance,
and
developer
tools.

Key
Upgrades

Enhanced
Scalability

The
Altaris
upgrade
incorporates
optimizations
designed
to
accelerate
chain
speed
and
overall
performance.
Improved
data
handling
and
resource
management
contribute
to
a
more
robust
and
responsive
system,
enhancing
chain-level
consensus
flexibility
and
developer
experience.

WASM
2.0
Integration

With
the
introduction
of
WASM
2.0
support,
developers
can
now
create
more
sophisticated
decentralized
applications.
This
upgrade
expands
smart
contract
capabilities,
providing
tools
necessary
for
building
the
next
generation
of
innovative
dApps
on
Injective.

Enriched
Interoperability

Altaris
integrates
IBC
hooks
and
Packet
Forward
Middleware
(PFM)
to
boost
cross-chain
capabilities,
allowing
Injective
to
seamlessly
interact
with
other
blockchains.
This
enhances
the
overall
utility
and
flexibility
of
the
Injective
ecosystem,
opening
up
new
possibilities
for
cross-chain
applications
and
collaborations.

Developer
Toolkit
Upgrade

Updates
to
the
Python,
Go,
and
TypeScript
SDKs
support
the
Altaris
chain
version,
enhancing
developer
capabilities.
Additionally,
the
Injective-proto
repository
is
updated
with
new
proto
definitions
for
seamless
integration,
providing
developers
with
more
robust
tools
for
creating
sophisticated
applications.

Universal
Burn
Auction

This
new
feature
allows
developers
to
create
and
launch
pool
auction
contracts,
enabling
community-driven
participation
in
the
burn
auction
process.
INJ
will
be
included
in
the
auction
basket,
promoting
a
more
dynamic
and
deflationary
token
economy.

VIP
Discount
Structure

A
tiered
VIP
fee
discount
schedule
has
been
implemented
for
DEXs
across
Injective,
offering
steeper
discounts
at
lower
thresholds
and
reducing
the
maximum
fee
rate
for
all
markets
on
Injective
from
10%
to
5%
or
lower.

Stake
Grants

This
innovative
mechanism
allows
users
to
leverage
stake
from
other
community
members
to
meet
staking
requirements
for
benefits
across
the
ecosystem.
This
promotes
a
more
collaborative
environment,
encouraging
greater
participation
and
engagement
across
the
network.

Security
and
User
Experience
Improvements

Injective
Bridge
Updates

The
Injective
Bridge
has
been
strengthened
for
better
performance,
security,
and
reliability.
New
messages
and
mechanisms
increase
the
efficiency
of
updates
to
the
Injective
Bridge.

Ledger
Hardware
Wallet
Support

Ledger
hardware
wallet
support
has
been
seamlessly
integrated
via
CLI,
providing
users
with
a
secure
and
convenient
transaction
option.

Advanced
Market
and
Trading
Features

• Streamlined
  process
  for
  launching
  new
  perpetual
  markets
  on
  native
  DEXs
• Support
  for
  partial
  liquidations
  across
  DEXs
• Better
  margin
  reduction
  capabilities

Miscellaneous

Altaris
also
includes
governance
optimization
and
other
features.
A
full
list
of
updates
can
be
found
on
the
IIP-420
page
on
the
Injective
Hub

here.

Through
improvements
in
scalability,
data
reliability,
economic
mechanisms,
security,
and
user
experience,
Injective
is
positioning
itself
at
the
forefront
of
the
on-chain
financial
revolution.
Altaris
not
only
enhances
current
functionalities
but
also
lays
a
robust
foundation
for
future
growth
and
widespread
adoption.

Injective
remains
dedicated
to
expanding
the
boundaries
of
blockchain
technology,
and
the
Altaris
upgrade
is
poised
to
catalyze
the
emergence
of
innovative
applications
and
use
cases,
elevating
the
Injective
ecosystem
to
new
heights.

Image
source:
Shutterstock