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VeChain Enters a New Era of PoA2.0 on Block Height 10,653,500 -Breaking

by Mike Robinson

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VeChain launches a new PoA2.0 era on Block Height 10,653,500
  • VeChain updated its mainnet.
  • VeChain, at block height 10.653,500, entered PoA2.0.

VeChain has successfully entered the new PoA2.0 era on block 10,653,500.

VeChain posted the announcement on Twitter (NYSE.:) November 16th. According to the team, this new consensus algorithm will support their ever-growing ecosystem, including its tokens — VET, VTHO, VeChainThor.

In addition, the company said that finally, they’ve made it. In addition, VeChain thanked developers for all their efforts. Additionally, VeChain was also acknowledged by the company.

It is also important to thank our #VeFam family. Let’s enjoy this moment together!

Before this announcement, several exchanges announced they were supporting VeChain’s (VET), network upgrade, and hard fork. Binance was one of these exchanges that supported crypto. It suspended all VET withdrawals and deposits from around 2021-11-16 at 07:00 UTC.

Note that the upgrade is part of VeChainThor v1.6.0, which activated POA2.0 Phase 1 on the network’s testnet on November 5. Meanwhile, November 16 saw the mainnet’s activation, which is the reason why the community is excited at the moment.

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