VeChain has announced the "VeChain Renaissance," a plan to align its technology and tokenomics with global standards and open the network to developers and institutions. The update includes changes in token distribution, a new consensus mechanism, and enhanced staking format. The goal is to decentralize the network and attract more participants while improving stability. VeChain seeks to provide full EVM compatibility and JSON-RPC compliance for interoperability with other blockchain networks. The timing of this transformation aligns with increasing institutional adoption and changing regulations. The VeChain price has surged to its highest point in two years, driven by the growth of the ecosystem and actual use cases. Analysts predict continued growth in the coming months.



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