Investing.com - Financial Markets Worldwide
🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

VeChain Enters a New Era of PoA2.0 on Block Height 10,653,500

Published 11/16/2021, 10:00 AM
Updated 11/16/2021, 10:01 AM
VeChain Enters a New Era of PoA2.0 on Block Height 10,653,500
TWTR
-

  • VeChain upgraded its mainnet.
  • As a result, VeChain entered a new era of PoA2.0 on the block height of 10,653,500

VeChain, the blockchain platform designed to enhance supply chain management and business processes, has safely entered a new era of PoA2.0 on the block height of 10,653,500.

VeChain made the announcement via Twitter (NYSE:TWTR) on November 16. According to the team, this new consensus algorithm will support their ever-growing ecosystem, including its tokens — VET, VTHO, VeChainThor.

In addition, the company said that finally, they’ve made it. Adding to this, the VeChain team also thanked the developers for their continuous efforts. Furthermore, the firm also appreciated the VeChain community:

We also need to say thanks to our dearest #VeFam. Let’s enjoy this moment together!

Prior to this, various exchanges have announced that they would be supporting the VeChain (VET) network upgrade and hard fork. Among these exchanges, Binance supported the crypto by suspending all deposits and withdrawals of VET from approximately 2021-11-16 07:00 (UTC).

Note that the upgrade is part of VeChainThor v1.6.0, which activated POA2.0 Phase 1 on the network’s testnet on November 5. Meanwhile, November 16 saw the mainnet’s activation, which is the reason why the community is excited at the moment.

Continue reading on CoinQuora

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.