Community Trust ScoreVerified
Sunny Lu Interrogated: 2021 is close to end, and what’s your resolution for 2022?
Community Response: If there were only a solution to the supply chain disaster that we have in this world. Can VeChain help?
Waiting for POA2.0 implement on Mainnet and see large number of VTHO burn. They already implemented it a month ago. They still haven’t completed other two phases yet.
POA2.0 million transactions!
“In February 2020, Dr. Peter Zhou, Chief Scientist at VeChain, alongside Dr. Zhijie Ren, Senior Blockchain Researcher at VeChain, published a preprint paper titled ‘SURFACE: A Practical Blockchain Consensus Algorithm for Real-World Networks’. The paper introduced the concept of a next-generation Proof-of-Authority (hereafter referred to as PoA 2.0-SURFACE) consensus algorithm for blockchain networks. The new consensus algorithm PoA 2.0-SURFACE, is characterized as a Secure, Use-case adaptive, and Relatively Fork-free Approach of Chain Extension.
The mechanism is the first in the world to combine the strengths of the two main consensus types, Byzantine Fault Tolerance and Nakamoto Consensus while eliminating the weaknesses of each.
Described in the paper, the PoA 2.0 consensus algorithm contains three major components:
1) The VRF-based source of randomness; 2) A committee-based block producing process and;
3) A passive block finality confirmation process.”
Those who want to know more should check the full paper.
My resolution is not so important more curious about what is YOUR resolution for the VeChain Community? How about focussing on some main net transactions. The reason for the 1/100 tx cost reduction many months ago. And, waiting to see VeChain in some bigger exchanges.
Let’s go VECHAIN – Lets bring mass adoption to the supply chain and business industry.
I know adoption phase isn’t quite here, but there has to be some VET customers? What is going on?
Vet to $1 but seems improbable. Work life crypto life balance. Eat healthy and live happily. I want VET to go to $1. And, also for it to list in Coinbase.
I wish for VeChain marketing team and some professional corporate strategy.
Honestly, do you even read the replies and understand why the community is disappointed? Will you ever address these concerns? Nope, i don’t think so. Why even interact with the community in such a superficial way?
Can you please outline a way in which all the excess VTHO will be burned? Do you have any clients who accept for Walmart China that can contribute? I’m a long-time holder, I think of myself as an investor. However, the lack of evidence of progress are making me doubt the project.
