POA2.0 has just given VeChainThor access to a cutting-edge new finality device. The company claims that the update would allow VeChain to fulfill stringent worldwide data-quality requirements while maintaining its scalability, low cost, compliance, and efficiency as a blockchain.
The PoA2.0 protocol update for VeChainThor adds in some further layers of protection and the ability to reach a final state. As a result, the VeChain development team, lead by industry experts, has solved one of the key trade-offs in blockchain design—scalability against data finality—by combining the merits of the Nakamoto and Byzantine Fault Tolerance (BFT) designs while removing their particular flaws.
According to VeChain, with this update, VeChainThor has become the most robust, scalable, and secure public blockchain in the sector. It complies to stringent regulatory data-protection criteria and responds to the need of real-world customers for a scalable and safe platform on which the digital-sustainable revolution may be built.
In their words:
“Among the many sectors VeChainThor aims to disrupt, sustainability is perhaps the most timely. One of the core objectives in the next developmental phase is deploying ecosystems that reward users for positive environmental actions.”
Finality is essential to this goal because it removes any possibility of data being lost, regardless of how badly the blockchain is compromised. That’s because it eliminates a remote but nonetheless non-zero danger of data loss, which is unacceptable from a compliance viewpoint, and ensures that all of the data is retained even when applied on a massive scale, says VeChain.
PoA2.0 further includes supplementary safety features such as the ‘committee’ function, which is an extra layer of verification that is provided by numerous block makers working together. The architecture of VeChainThor has been developed to almost completely exclude the possibility of unethical behavior and to protect the blockchain from the possibility of intervention.
