VeChain’s launch of its Proof-of-Authority 2.0 protocol goes live today; it will enhance blockchain scalability and promote green technologies in the industry.
The VeChain foundation outlines what users can expect from the upgrade and how they can use PoA 2.0.
All over the world, blockchain technology is the building block for innovations in data transfer on a secured and decentralized system. However, scalability remains an issue as the technology evolves due to the rising demand for fast settlements.
Accordingly, VeChain is set to solve the scalability and throughput challenges in the blockchain ecosystem with its Proof-of-Authority (PoA) 2.0 protocol.
Introducing PoA 2.0
According to the VeChain Foundation, the need for secured data on a public blockchain is the driving force behind the PoA 2.0 platform. Furthermore, with the request for sustainable blockchain technology on the rise, VeChain disclosed that the PoA 2.0 protocol is critical in creating smart contract systems for var

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