Home Altcoins News VeChain (VET) Has Safely Entered a New Era of PoA2.0

VeChain (VET) Has Safely Entered a New Era of PoA2.0

VeChain (VET) Has Safely Entered a New Era of PoA2.0

VeFoundation expressed:  Finally we’ve made it! #10653500. On block height 10,653,500 VeChain has safely entered a new era of PoA2.0. With this new consensus algorithm to support our ever-growing ecosystem.

Community response: People must be wondering why isn’t the price going up, relax guys the news was out just half an hour ago give it some time, trust me when it is going to pump in sometime.  It is going to literally bring an earthquake be ready for the volcano heat till then sit back and relax.

Congrats to all those who’ve worked tirelessly to make this happen. An incredible milestone. Can’t wait for what’s to come.

Can someone explain me how is this going to help VET to pump the price?

More usage means more VTHO burn, more VTHO burn means it becomes more rare, rarity adds value, VET creates VTHO, vet has more and more value. The goal is to never sell your VET, but sell the VTHO.

Congratulations POA 2.0 crashed the whole market.  POA 3 needs to come out now.

 

It hurts that the price is going down but don’t panic sell guys keep calm. We’re building long term foundations for enterprise adoption, not a get rich quick Ponzi scheme.

 

Meanwhile, Recognition of Vechain’s powerful blockchain continues to grow. At Food and Hospitality of China 2021, a prestigious F&B event, VET was honored as ‘Best Innovation In Food Supply Chain for 2021’. VeChain is set to shine at more high profile events this year. They are sure the future is very bright.

VeChain is a Smart Contract Platform built for Enterprise level apps. Meaning its: 1) Fast 2) low cost 3) compliant with the government 4) Sustainable (super green) 5) Open. (Anyone can build on VeChain, like on ETH). It’s NOT Just a Supply Chain Management thing.

They are trying hard to change the perception that it is a supply chain management thing in the industry. VeChain is indeed a Smart Contract Platform which encompass Supply Chain management in which they are a leader. VET are proud to be delivering UN SDGs and a lot of other stuff.

VeChain is permissioned, which only refers to the fact that not anyone can become a validator without KYC/steering committee approval, but anyone can read/write on the network. It’s permissioned-public, it can still be built on in the same way ETH can. Technical architecture prevents ETH’s issues.

It just looks like it is time to list on some exchanges.

 

 

 

 

 

 

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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