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by
Ogwu Osaemezu Emmanuel
on
December 11, 2020 Altcoins
The VeChain (VET) has announced that significant progress has been made so far in their work towards implementing the Proof of Authority (PoA) 2.0 consensus algorithm, which it says will boost the scalability of its blockchain, while also improving performance, according to reports on December 10, 2020.
VeChain Eyes Better Performance
As more and more enterprises continue to adopt and integrate VeChainThor into their processes, the team behind the distributed ledger technology (DLT) project is working hard to make the platform more robust, secure and resilient for its users.
In the latest development, Peter Zhou, the chief scientist of the VeChain Foundation, the Singapore-based non-profit organization dedicated to making the project a success, has taken to Twitter to reveal that he and the VeChain core development team have reached a significant milestone in the implementation of PoA 2.0.