VeChain Unveils ‘Renaissance’ Upgrade: A New Era for VET and Blockchain Adoption
The post VeChain Unveils ‘Renaissance’ Upgrade: A New Era for VET and Blockchain Adoption appeared on BitcoinEthereumNews.com. On the 1st of July, the crypto community will witness the launch of the second phase of Vechain Renaissance, Hayabusa. The Vechain Renaissance upgrade comes in three phases that will enhance the staking security and the scalability of the network. The VeChain Renaissance is an initiative launched in 2025 to transform the VeChainThor blockchain into a more scalable, decentralized, and enterprise-ready platform.CNF previously mentioned that this plan is structured into three distinct phases, Galactica, Hayabusa, and Intergalactic, each introducing significant technological and economic enhancements. On an X post, the Vechain team stated that “Renaissance represents the most comprehensive upgrade to the protocol since its inception in 2018 – a complete economic and technical evolution designed for the next phase of blockchain mass adoption.” Phase 1: Galactica Galactica is the first step in VeChain’s Renaissance journey. One of the standout upgrades is the Dynamic Gas Fee Model, which takes a page from Ethereum’s EIP-1559. In simple terms, it adds a more predictable way to handle transaction fees, burning a base fee to help control inflation while giving a bonus (a priority fee) to validators who process transactions. Also, it will increase compatibility with the Shanghai Ethereum Virtual Machine (EVM). This brings VeChainThor up to speed with the latest in Ethereum-based smart contract tech. This will open the door to more advanced decentralized apps. As we covered earlier, back in March, VeChain rolled out the Galactica testnet, giving developers a sandbox to try out all the new features. Finally, Galactica introduced new staking tiers for Economic Nodes, giving users more flexibility and incentive to support the network. Whether you’re a smallholder or a major participant, there are now more ways to get involved and earn rewards. Phase 2: Hayabusa The Hayabusa phase focuses on overhauling VeChain’s economic model and boosting decentralization. It…
The post VeChain Unveils ‘Renaissance’ Upgrade: A New Era for VET and Blockchain Adoption appeared on BitcoinEthereumNews.com.
On the 1st of July, the crypto community will witness the launch of the second phase of Vechain Renaissance, Hayabusa. The Vechain Renaissance upgrade comes in three phases that will enhance the staking security and the scalability of the network. The VeChain Renaissance is an initiative launched in 2025 to transform the VeChainThor blockchain into a more scalable, decentralized, and enterprise-ready platform.CNF previously mentioned that this plan is structured into three distinct phases, Galactica, Hayabusa, and Intergalactic, each introducing significant technological and economic enhancements. On an X post, the Vechain team stated that “Renaissance represents the most comprehensive upgrade to the protocol since its inception in 2018 – a complete economic and technical evolution designed for the next phase of blockchain mass adoption.” Phase 1: Galactica Galactica is the first step in VeChain’s Renaissance journey. One of the standout upgrades is the Dynamic Gas Fee Model, which takes a page from Ethereum’s EIP-1559. In simple terms, it adds a more predictable way to handle transaction fees, burning a base fee to help control inflation while giving a bonus (a priority fee) to validators who process transactions. Also, it will increase compatibility with the Shanghai Ethereum Virtual Machine (EVM). This brings VeChainThor up to speed with the latest in Ethereum-based smart contract tech. This will open the door to more advanced decentralized apps. As we covered earlier, back in March, VeChain rolled out the Galactica testnet, giving developers a sandbox to try out all the new features. Finally, Galactica introduced new staking tiers for Economic Nodes, giving users more flexibility and incentive to support the network. Whether you’re a smallholder or a major participant, there are now more ways to get involved and earn rewards. Phase 2: Hayabusa The Hayabusa phase focuses on overhauling VeChain’s economic model and boosting decentralization. It…
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