All Stakeholders have voted to postpone the SC Election until June 2021. VeChain has been keen on establishing a diverse and functional board of Steering Committee. The VeChain ecosystem selects the representatives using a democratic process. This is to ensure fairness and effectiveness in execution in all the fundamental matters relating to the ecosystem.
VeChain Foundation tweeted: “We would like to propose the postponement of the 2nd VeChain Foundation Steering Committee Election. Voting will take place on the official release of #VeVote, where all stakeholders are now empowered to determine the future of the #VeChainThor blockchain.”
VeChain have chosen to formally postpone the VeChain Foundation Steering Committee Election to June 30, 2021. Reportedly, the proposal has been published in the VeVote platform for all stakeholders to cast their votes.
Sydney Ifergan, the Crypto Expert, tweeted: “VeChain proposal to postpone their Steering Committee Election to 2021 is sounding very democratic and constitutional.”
During April, VeChainThor had released a new version V1.3.3, which contains API updates for pending transaction checking and minor bug fixes of block producing.
The creative community developers at VeChain have recently made a Vechain News Site. The site also provides with Github repos updates. It is very convenient.
Also, VeChain launched an automatic aggregator of over 100 channels of VeChain in the past month! Using the aggregator, it will be possible to find news, tools, project updates, and other information related to VeChain. This aggregator is made by the community and driven by the community!
VeChain (VET) Improving Core Competitiveness
It is only the elections that are postponed. Otherwise, despite the tough time, VeChain is continuing to build and deliver. They are making use of the opportunity to enhance their core competitiveness.
The social engagement measures for VeChain are reportedly deeper via community interaction such as retweets and comments vs. just top-level posts. Very recently, VeChain has been hitting monthly high social engagement with more than 1,687,998 engagements in the past month, indicating very active community discussions.
VeChain is keen on efficient regulations to ensure scaling their state of art blockchain infrastructure. There is an overall increase in the tracking of products using VeChainThor in several stores.
Year 2020 has been very challenging for the cryptocurrency world; however, when things fall in place, and the world can function as normally as before, there is likely to be a boom in technological outputs and further adoption.
