CandleFocus VeChain’s POA 3.0 Is Here—Major Upgrades & No More KYC for All!
2025-02-21
Author: Content Editor
VeChain's Proof of Authority (POA 3.0) upgrade aims to enhance decentralization and security while lowering staking barriers in the network. The upgrade introduces a revamped system for validator nodes, allowing more users to stake smaller amounts and be part of the network. It also includes the X Economic nodes delegation system, simplifying the staking process. Eliminating Know-Your-Customer (KYC) verification encourages broader participation and democratic decision-making. VeChain is also working on other initiatives, such as the VeBetterDAO and Veworld wallet, to improve the network. The analyst predicts a potential surge in VET price, citing a previous 6,538% increase in 2020. VeChain is also working on a holistic upgrade called "VeChain Renaissance" to reimagine its tokenomics.
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