VeChain Rally 2.0 on the Cards? VET PoA 2.0 Testnet Upgrade Signals Exciting Future
Is a VeChain (VET) rally 2.0 on the horizon? The recent launch of the PoA 2.0 testnet upgrade has the VeChain community buzzing with excitement. This significant step paves the way for a more sustainable and efficient VeChainThor blockchain.
What is VeChainThor PoA 2.0?
The much-anticipated POA 2.0 (Proof of Authority 2.0) has been launched on VeChain (VET), bringing the network into a new era of sustainability and improved performance. VIP193 is now on public testnet, unlocking the next steps towards PoA 2.0 implementation, ushering in a new era of blockchain safety, scalability & absolute finality! As the world's leading enterprise-grade L1 blockchain, VeChain's progress is closely watched.
VeChain's New Public Testnet and VIP193 Deployment
While unveiling its completely new public testnet, VeChain successfully deployed VIP193. This leaves an opening for VeChainThor PoA 2.0 to be fully implemented. Thus, the update was roll-out to a new public testnet that implements VIP-193 and VIP-200, part of the PoA2.0 consensus, according to the project’s GitHub repository. The proposal focuses on enhancing the VeChain network's capabilities.
VeChain: Supply Chain Focused Cryptocurrency
VeChain is a Supply Chain Focused Cryptocurrency with many partnerships! They have recently launched their Testnet for POA 2.0 to improve their Proof-of-Authority consensus mechanism.
Community Sentiment and Future Outlook
The VeChain community is actively discussing these developments. As highlighted on Reddit (r/Vechain, with over 220K subscribers), there's a strong positive sentiment surrounding the potential benefits of PoA 2.0. Many are speculating about the impact on VET's price and long-term growth. The sentiment can be read in comments with 193 votes on the topic. We also discuss VeChain PoA 2.0 being integrated on the test net! Mainnet integration is being discussed.
Stay tuned for further updates as VeChain progresses toward mainnet integration. This could be the catalyst for a significant Rally 2.0 for VET!