Tuesday, May 20, 2025

VeChain: Upgrade to PoA 2.0 consensus mechanism

The newest consensus mechanism upgrade is improving several things of the network’s security and key operations. It also makes VeChain more environmentally friendly. VeChain is claiming that it is the ‘’world’s greenest’’ method of verifying blocks on the chain.

VeChain reached a milestone on 16 November. The project is now 6 years old, and it upgraded its VeChainThor mainnet to the first phase of the Proof of Authority 2.0 consensus algorithm. This is the first upgrade since Vechani launched in 2015.

PoA & PoS is different from Proof of Work, because mining is not acquired to reach network consensus. PoA verifies users’ identities, thus achieving consensus. Fewer nodes reduce decentralization but increase the speed and reliability of the network. The network of Vechain runs with 101 nodes. In comparison with the 13,244 nodes that bitcoin has. PoA also has the advantage that there is less energy needed and emits a very low amount of carbon.

The upgrade has three major components, according to the announcement. The first one is a verifiable randomness function which securely and randomly assigns nodes to produce blocks or process transactions. The second is the block production process approved by the committee, which significantly reduces the possibility of network forks. The third component is a passive block finality confirmation process. The upgrade also improves scalability, security, and throughput on the VeChainThor mainnet.

The VeChain team said that the upgrade is needed “to meet the demands of future blockchain applications and increasing global demand.”

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Name Price24H % Supply Volume Market Cap
kinza-babylon-staked-btc
Kinza Babylon Staked BTC
$83,270.00
0.00%
6,728,600,524,140,000,256.00 KBTC
$4.16
$10,000,000,000,000,000,000,000.00
steakhouse-eurcv-morpho-vault
Steakhouse EURCV Morpho Vault
$100,000,000,000,000.00
0.00%
1,000,000,000,000,000,000.00 STEAKEURCV
$0.00
$10,000,000,000,000,000,000,000.00
stride-staked-injective
Stride Staked Injective
$16.52
-4.28%
73,838,138,659,315,008.00 STINJ
$216.54
$1,219,691,675,609,022,720.00
vested-xor
Vested XOR
$3,407.11
9,999.99%
99,999,116,564,115.69 VXOR
$762.42
$340,707,768,191,362,560.00
fibo-token
FibSwap DEX
$0.0085
9.90%
69,151,716,404,404,600.00 FIBO
$1,413.48
$585,403,344,542,465.00
trufin-staked-apt
TruFin Staked APT
$8.02
0.00%
9,943,901,817,715.63 TRUAPT
$20,522.00
$79,729,775,627,772.00
equitypay
EquityPay
$0.056
5.44%
1,149,941,993,000,000.00 EQPAY
$221,578.00
$64,943,460,446,278.00
bitcoin
Bitcoin
$106,235.00
3.17%
19,867,118.00 BTC
$38,523,878,906.00
$2,110,244,209,249.00
ethereum
Ethereum
$2,566.62
7.86%
120,727,314.97 ETH
$26,528,457,812.00
$309,947,546,723.00
tether
Tether
$1.000
0.00%
151,585,061,300.43 USDT
$71,039,551,339.00
$151,605,839,784.00
ripple
XRP
$2.38
2.08%
58,622,147,738.00 XRP
$3,044,034,341.00
$139,813,425,098.00
usdex-stablecoin
USDEX
$1.07
-0.47%
103,350,611,249.42 USDEX
$127,433.00
$110,959,993,107.00
binancecoin
BNB
$651.93
2.19%
145,887,575.79 BNB
$745,776,742.00
$95,097,712,566.00
solana
Solana
$169.92
4.17%
519,934,785.44 SOL
$5,021,277,596.00
$88,349,980,812.00
wrapped-solana
Wrapped SOL
$143.66
-2.32%
585,876,593.80 SOL
$552,351,432.00
$84,169,742,643.00
usd-coin
USDC
$1.000
0.00%
60,612,838,938.79 USDC
$10,873,715,095.00
$60,603,520,184.00
dogecoin
Dogecoin
$0.227
4.04%
149,279,616,383.71 DOGE
$2,099,426,497.00
$33,851,385,145.00
cardano
Cardano
$0.744
3.09%
36,064,516,886.45 ADA
$794,151,067.00
$26,838,438,638.00
tron
TRON
$0.271
3.39%
94,889,268,814.53 TRX
$686,736,493.00
$25,700,574,260.00
staked-ether
Lido Staked Ether
$2,567.97
7.99%
9,083,082.70 STETH
$44,590,702.00
$23,324,576,020.00
wrapped-bitcoin
Wrapped Bitcoin
$105,963.00
3.02%
128,814.96 WBTC
$349,247,991.00
$13,644,368,984.00
sui
Sui
$3.88
3.84%
3,338,327,017.91 SUI
$1,448,745,254.00
$12,955,919,008.00
content-bitcoin
Content Bitcoin
$24.98
3.54%
500,000,000.00 CTB
$119,178.00
$12,487,923,202.00
gaj
Gaj Finance
$0.0059
1.28%
2,094,398,844,238.15 GAJ
$28.90
$12,402,003,123.00
usd1
USD One
$1.00
0.100%
12,000,000,000.00 USD1
$18,521.57
$12,001,500,605.00
wrapped-steth
Wrapped stETH
$3,091.14
8.04%
3,475,933.44 WSTETH
$36,415,755.00
$10,728,394,532.00
ugold-inc
UGOLD Inc.
$3,044.26
0.140%
3,215,075.00 UGOLD
$14,613,354.00
$9,785,356,262.00
avalanche-2
Avalanche
$22.55
3.84%
420,743,021.61 AVAX
$317,926,037.00
$9,489,483,559.00
parkcoin
Parkcoin
$1.11
2.45%
8,500,000,000.00 KPK
$292,877.00
$9,426,575,920.00
stellar
Stellar
$0.287
2.65%
31,072,270,281.57 XLM
$189,668,283.00
$8,903,446,977.00
hyperliquid
Hyperliquid
$26.60
4.22%
333,928,180.00 HYPE
$175,086,387.00
$8,885,735,727.00
shiba-inu
Shiba Inu
$0.000015
3.41%
589,249,745,979,721.00 SHIB
$220,771,781.00
$8,671,479,679.00
hedera-hashgraph
Hedera
$0.197
4.84%
42,239,760,473.88 HBAR
$167,712,335.00
$8,318,920,373.00
leo-token
LEO Token
$8.71
1.01%
923,417,165.90 LEO
$3,047,844.00
$8,040,557,634.00
bitcoin-cash
Bitcoin Cash
$395.15
3.02%
19,871,915.52 BCH
$173,483,462.00
$7,852,175,639.00
the-open-network
Toncoin
$3.06
0.800%
2,490,824,839.40 TON
$189,967,239.00
$7,618,484,010.00
litecoin
Litecoin
$98.02
2.81%
75,871,883.23 LTC
$462,151,691.00
$7,437,042,777.00
polkadot
Polkadot
$4.67
3.43%
1,522,267,060.00 DOT
$220,720,348.00
$7,104,910,371.00
usds
USDS
$1.000
-0.01%
7,019,299,030.48 USDS
$14,609,227.00
$7,017,280,027.00
weth
WETH
$2,570.44
8.00%
2,726,631.61 WETH
$96,598,925.00
$7,002,694,725.00
yay-stakestone-ether
Yay StakeStone Ether
$2,668.36
-2.93%
2,569,838.56 YAYSTONE
$2,031.85
$6,857,936,219.00
monero
Monero
$348.60
1.58%
18,446,744.07 XMR
$87,432,485.00
$6,429,282,993.00
wrapped-eeth
Wrapped eETH
$2,733.94
7.58%
2,226,477.98 WEETH
$14,350,138.00
$6,088,408,585.00
bitget-token
Bitget Token
$5.20
2.69%
1,169,993,089.20 BGB
$77,721,154.00
$6,086,697,713.00
pundi-aifx
Pundi AIFX
$16.00
0.00%
378,605,524.00 PUNDIAI
$65,853.00
$6,056,490,477.00
binance-bridged-usdt-bnb-smart
Binance Bridged USDT (BNB Smar
$1.000
-0.03%
5,984,993,799.59 BSC-USD
$3,376,731,555.00
$5,986,999,870.00
pepe
Pepe
$0.000013
4.73%
420,690,000,000,000.00 PEPE
$1,483,667,106.00
$5,661,492,488.00
pi-network
Pi Network
$0.739
0.790%
7,193,097,272.37 PI
$208,460,670.00
$5,315,280,292.00
murasaki
Murasaki
$4.23
-13.71%
1,000,000,000.00 MURA
$212,586.00
$5,007,171,706.00