Tuesday, October 19, 2021

VeChain Milestone: VeChainThor Mainnet Reaches 10,000,000 Blocks without Downtime

As a report has it, the VeChain blockchain has just attained a major milestone in terms of performance.

According to a report shared via the official Twitter handle of VeChain Foundation, VeChainThor mainnet has some hours ago reached 10,000,000 blocks without experiencing downtime.

Read Also: JLL China Collaborates With VeChain to Explore Blockchain for Commercial Real Estate

The report described the major milestone as a means to prove the viability of the VeChain blockchain in the industry.

VeChain Foundation tweeted, “Today, the VeChainThor mainnet has just reached 10,000,000 blocks without downtime – a major milestone that is testament to our public blockchain’s scalability, security, and rock solid stability.

Read Also: Justin Bennett States When Cardano (ADA) Will Start Seeing Capital Outflow into VeChain (VET)

Increase in Enterprise Usage of VeChainThor

VeChain Foundation further stated that there has been an increase in VeChainThor enterprise and government usage.

In terms of much-anticipated developments, the foundation says the launch of Proof of Authority (PoA) 2.0 is around the corner, adding that more partnerships and use cases will come to VeChain subsequently.

VeChain Foundation noted:

“We’ve seen enterprise usage such as Walmart and more, govt usage from San Marino, China, etc, community usage from dApps, and so much more.

Read Also: VeChain to Help Catalyze the Digitalization of Carbon Data and Help Facilitate China’s Emissions Reduction Initiative

“VeChain will continue to evolve and improve ourselves. Major infrastructural updates such as PoA 2.0 will be coming, more partnerships and use cases, community dApps, growth and more.

“Thank you to the entire #VeFam for being with us on this incredible journey. To the next milestone!”


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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