VeChain PoA 2.0 Hits New Milestone with VIP193 Launch On Testnet

According to a report on 21st July 2021, VeChainThor PoA 2.0 has hit a new milestone with the launch of VIP193 on the public testnet.

As shared via the VeChain Foundation official Twitter handle, the new development has unlocked the next steps towards the implementation of VeChainThor PoA 2.0, which will usher in a new era of VeChain blockchain safety, scalability, and absolute finality.

VeChain Foundation tweeted, “VeChain is pleased to update the community on the latest progress & roadmap towards PoA 2.0! VIP193 is now on public testnet, unlocking the next steps towards PoA 2.0 implementation & a new era of blockchain safety, scalability & absolute finality!”

In a continued effort to cement itself as the top public blockchain solution provider in the world, VeChain Research and Development teams brought new and outstanding development into the VeChain ecosystem.

Describing the significance of the development, the teams wrote:

“With this new mechanism, the VeChainThor blockchain is able to maximise its high throughput capability while also ensuring data finality. What this means in practice is that very high-volume use cases can exist on-chain with the highest level of data security unfound in any other blockchain platforms.

“With this major update to our technical model, VeChainThor becomes the ideal open-source platform for enterprises, governments, or anyone looking to build their applications on a secure, low cost, immutable, and full-featured public blockchain.”

The teams explained further that PoA 2.0 is developed to meet the increasing demand for vastly improved performance and greater security from the enterprise and business-tier clients developing solutions.

According to the report, PoA 2.0 is a significant milestone in the blockchain industry as a whole. This development is evidence of the steadfastness of the VeChainThor development team that makes it a task to continue the mission of providing secure, scalable, reliable, and cost-efficient infrastructure-level protocols, which are expected to be the frontrunner in the quest to digitize the world.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.