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VeChain Launched Historic Update

Blockchain

Anna Martynova
cryptonews.net 17 November 2022 15:13, UTC
  
Reading time: ~2 m

The final phase of Proof of Authority 2.0 (POA2.0), integration of FINALITY with the VIP-220, was launched at block height 13815000 on November 17 at 8:10 am UTC. Likewise, the first finalized block was created on the VeChain mainnet, marking a historic milestone for the blockchain.

The team stated that with this revolutionary upgrade, VeChain will now be able to provide an ideal platform for sustainable development in both energy consumption and real-world change. In addition, VeChain will be able to cope with the growing demand due to its scalability.

At the time of writing, VET, the native token of the VeChain blockchain, has yet to respond to the news of the historic upgrade. VET has fallen 5% in the past 24 hours to $0.019.

Image: NOWNodes


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