VeChain: Massive election ended, VeChainThor mainnet will get | Apecoin_VeChain_Elrond
VeChain: Massive election ended, VeChainThor mainnet will get a historical upgrade
The VeChain foundation has announced the results of its hugely anticipated VIP-220 proposal. The proposal seeks to integrate VIP-22 with the VeChainThor mainnet. Thus, resulting in an upgrade of the VeChain network to proof of authority 2.0 (PoA 2.0). The vote took place on the network’s upgraded voting platform (VeVote) between October 20 to October 27, 2022. PoA executes transactions relatively quickly with blockchains via a consensus mechanism using identity as a stake. According to the results posted on the VeChain foundation’s official Twitter page, there were 396 votes. About 99.33 percent of the voters (representing 393 votes) agreed to proceed with the VIP-220 VeChainThor mainnet upgrade.
