- Hayabusa upgrade integrates full DPoS, boosting VeChain’s consensus model.
- Impact on VET and VTHO tokens, improving tokenomics.
- Potential long-term growth in total value locked and stakers.
VeChain’s Hayabusa upgrade officially launched on the mainnet, introducing significant changes to its tokens and enhancing the consensus and staking model, as confirmed by VeChain’s official channels.
This development is crucial for VeChain, potentially increasing decentralization and affecting VET and VTHO tokens, with market observers keenly watching potential impacts on staking and transaction fee dynamics.
The Hayabusa upgrade for VeChain is now live. This update transforms the network’s consensus and staking methodologies, advancing the VeChainThor blockchain’s capabilities significantly.
Network Transformation
Key players, including VeChain’s core team and community validators, shifted from Proof of Authority to a Delegated Proof of Stake model through StarGate.
The immediate effect of this upgrade is most visible on VET and VTHO tokens. Enhanced staking mechanisms could attract more users. This marks a critical phase in VeChain’s roadmap.
Market Implications
Market implications include potential deflationary pressures on VTHO due to a 100% transaction fee burn and increased issuance for actively staked assets.
This upgrade is a major step towards achieving full blockchain decentralization and efficiency, a statement from the industry highlighted.
These changes are designed to cater to VeChain’s large base of enterprise partners, ensuring continued smooth operations and scalability.
Future Projections
Industry observers anticipate that the upgraded model might increase VeChain’s total value locked to $5 billion by 2030. This is aligned with a strategic drive towards full blockchain decentralization and efficiency improvement.
