Leading enterprise blockchain platform VeChain has upgraded its consensus mechanism in view of sustainable mass adoption. The firm states its PoA 2.0 protocol upgrade is a significant step in making “it the preeminent smart contract platform for enterprises, governments and community alike.”With the excitement of phase 1 upgrade, let's revisit our roadmap. Why is it important? … [Read more...] about VeChain (VET) explains why its PoA 2.0 upgrade is a big deal
VeChain
VeChain upgrades to Proof of Authority 2.0 consensus mechanism
Supply chain tracking network VeChain has just upgraded its consensus mechanism to what it claims is the “world’s greenest” method of verifying blocks on the chain.On Nov. 16, VeChain reached a milestone in its six-year history by upgrading its VeChainThor mainnet to the first phase of the Proof of Authority (PoA) 2.0 SURFACE consensus algorithm. VeChain is a supply chain … [Read more...] about VeChain upgrades to Proof of Authority 2.0 consensus mechanism
VeChain Thor mainnet reaches 10 million blocks milestone with no downtime
Supply chain platform VeChain has reached a milestone in terms of uptime and processed blocks on the VeChain Thor mainnet.The VeChain Foundation posted the achievement on its Twitter feed on Sept. 1, adding that it was “a major milestone that is testament to our public blockchain's scalability, security, and rock-solid stability.”The VeChain Thor network has now surpassed 10 … [Read more...] about VeChain Thor mainnet reaches 10 million blocks milestone with no downtime
VeChain launches blockchain platform to encourage carbon data reporting
Supply chain management platform VeChain announced a new service for combining businesses to overhaul their carbon footprint data management practices.The new service, detailed in a Medium post on Aug. 26, combines decentralized ledger technology with a software-as-a-service (SaaS) business model.The Digital Carbon Footprint SaaS Service “allows enterprise users to log key data … [Read more...] about VeChain launches blockchain platform to encourage carbon data reporting
VeChain (VET) verifies results of a 305 metric tonne plastic clean-up in the ocean
ReSea Project, a Danish company with a community-driven solution to remove plastic from oceans and rivers in Indonesia, shared their Cleanup Impact Status on Linkedin yesterday, stating they cleared 305 metric tonnes of plastic waste from the ocean and verified the results using VeChain.“Our collection data from January-April 2021 is now verified by DNV and we are happy to … [Read more...] about VeChain (VET) verifies results of a 305 metric tonne plastic clean-up in the ocean