Vechain’s Tech Revolution Continues: December’s Game-Changing Updates: WeWorld, VORJ and Beyond

• Vechain introduces the VeWorld mobile wallet, simplifying access for over 210,000 users and encouraging migration by year-end.

• Developers benefit from the new VeWorld dApp Kit, streamlining integration, while more fiat on-ramps and Ledger Live support enhance user options.

The Vechain ecosystem is witnessing a remarkable transformation with a series of updates introduced in December, according to an announcement on X by Vechain. These changes have the potential to completely alter the blockchain technology environment and present both developers and consumers with new opportunities.

Our latest tech update is a big one!

We've added a ton of new features to the #vechain ecosystem over the past couple of months, from VeWorld and VORJ updates to the launch of a brand new dApp kit purpose-built to empower developers.

Read up on progress from our groundbreaking… pic.twitter.com/yLEVCPwfFf

— vechain (@vechainofficial) December 11, 2023

VeWorld: A New Era in Mobile Wallets

Vechain has taken an important step forward by launching VeWorld, its official mobile wallet. VeWorld has rapidly gained popularity, with over 210,000 installations on both Apple and Android platforms.

The advisory is for users to switch by December 31st, as VeWorld is slated to formally replace the VechainThor mobile wallet. In addition, the platform provides comprehensive migration instructions to ensure a seamless transition for current users.

The official dApp Kit is useful for developers looking to integrate with VeWorld. With just a few lines of code needed, this kit streamlines the integration process. With the powerful wallet architecture it provides, developers can work more efficiently and improve the user experience.

Expanding Fiat On-Ramps and Ledger Live Integration

Fiat on-ramps are another example of Vechain’s commitment to user ease. The ability to buy VET straight from VeWorld has been made possible by integrating Coinbase Pay’s fiat on-ramp. But the ecosystem’s goals don’t end there; Coinify integration is just on the corner, giving users even more alternatives.

Furthermore, after completing the integration of Ledger Live, scheduled for the second part of December, users will be able to store digital assets securely and purchase VET using Coinify’s fiat on-ramp.

VORJ: Bridging the Gap with ERC-5660

VORJ, Vechain’s flagship product, continues to evolve. Among its latest updates is the support for ERC-5660, introducing redeemable functionality to ERC-721 smart contracts. This innovation effectively bridges the gap between physical and digital assets, positioning VORJ as a powerful solution for both realms.

Marketplace-as-a-Service (MaaS): Pioneering Innovation

The ‘Marketplace-as-a-Service’ (MaaS) module is one of the most eagerly awaited new products in the VORJ ecosystem. This ground-breaking product has finished the front-end design stage and achieved an amazing 9.6/10 in a Hacken security audit.

Furthermore, the team has signed agreements with a leading third-party NFT Checkout provider to facilitate card purchases on the MaaS platform. To make this technology available to the community, Vechain is collaborating closely with the provider and has started the integration process.

ERC-4337 Account Abstraction: Enhancing Security and User Experience

With the release of ERC-4337 Account Abstraction, Vechain is demonstrating its seriousness about security, which is crucial in blockchain technology. This innovation offers programmable smart contract wallets, which improve user experience.

These smart contracts, created with Electi Consulting, are presently being audited by the respected cybersecurity company Hacken. Core account abstraction contracts will be available on Testnet and Mainnet, contingent on the audit’s findings.

Token Bound Accounts (ERC-6551): NFTs Get Their Wallets

NFTs have taken the world by storm, and Vechain is ensuring they have their wallets with the implementation of ERC-6551. This feature is currently being developed and will soon be available on both Testnet and Mainnet. NFT enthusiasts can look forward to more functionality and autonomy for their prized digital assets.

Empowering Developers with a Revamped SDK

Any blockchain ecosystem depends on its developers, and Vechain is dedicated to helping them. The updated Software Development Kit (SDK) aims to make developer advice more efficient and frictionless. The updated version provides comprehensive documentation to support developers’ work and is compatible with the newest technologies, such as ethers and hardhat public functions.

In addition to providing developers with its SDK, Vechain is launching the Vechain dApp Kit. This new version aims to support the growth of Vechain’s dApp ecosystem. Enhanced UI components, streamlined wallet management, React integration, and support for several languages and frameworks are all anticipated by developers. Additionally, developers can incorporate and support any wallet because of the dApp Kit’s adaptability and extensibility.

Node Infrastructure: Enhancing Reliability

Node infrastructure is the backbone of any blockchain network. Vechain understands this and is focusing on updates to improve its reliability. The Vechain team has planned these updates in three phases they include:

• Health checker: The Health Checker module is now open source, enabling users to run health checks on nodes to ensure they run smoothly and synced with the network. This module is not only available to Vechain but also to the broader community of node operators.
• Metrics dashboard: In the second phase, Vechain plans to introduce a metrics dashboard, providing in-depth information about node performance, including CPU utilization, RAM usage, disk space, and more.
• Full-Node deployment infrastructure: In the final phase, Vechain will make its node deployment infrastructure public, making it easier for builders to run high-quality nodes with just a few clicks. This move ensures a robust technical backbone for the ecosystem.

The Node Rewards Platform has already seen success and continues evolving. The second phase of the rewards platform has recently gone live, introducing features like ‘Instant Node Transfer’ and ‘Dutch Auction.’ Users can now easily send nodes to specific addresses or participate in auctions, all while enjoying enhanced metrics and data insights.

Looking Forward to 2024

As 2023 draws close, Vechain reflects on a year of achievements and innovation. The dedicated teams have pushed boundaries and set the stage for an even more exciting 2024. Vechain invites the community to join this journey, promising that the best is yet to come.

As of the time of writing, in the past 24 hours, VeThor (VTHO), an ecosystem token within the VeChain blockchain, has risen by 13.56% within the last day, reaching a value of $0.02956.