VeChainThor (VET) blockchain has efficiently surpassed the ten million blocks mark with out experiencing any type of community glitch since its mainnet launch in June 2018. The VeChain Foundation says the milestone is a clear testament to the public blockchain’s scalability, security, and rock-solid stability, according to a tweet on September 1, 2021.
VeChain (VET) Mainnet Surpasses 10 Million Blocks
VeChainThor (VET), a blockchain challenge that claims to be targeted on serving to customers to unravel real-world financial issues, has reached another significant feat in its existence, because the VeChain Basis has introduced that it has now surpassed the ten million blocks mark.
While VeChain’s 10 million blocks milestone seems like a piece of cake when compared to that of established blockchains like Bitcoin and Ethereum, the Basis says the achievement is a testomony to the community’s stability, scalability, and security over the years.
“Immediately, the VeChainThor mainnet has simply reached 10,000,000 blocks with out downtime – a major milestone that is testament to our public blockchain’s scalability, security, and rock-solid stability,” tweeted the team.
VeChain Seeing Critical Enterprise Adoption
It’s price noting that quite a few blockchain initiatives are launched virtually every day, with a good number of them failing to survive in the highly competitive distributed ledger technology ecosystem due to a lack of real use cases, hacks, and different challenges.
According to Coinopsy, a platform that keeps a record of failed blockchain projects and cryptocurrencies, there at the moment are greater than 2,225 useless networks within the DLT ecosystem.
VeChain, on the other hand, has maintained steady and consistent growth since its launch, attracting a vast array of highly reputable businesses in the real world, together with Walmart China, which has been utilizing VeChainThor since 2019.
It’s noteworthy that VeChain has also seen significant adoption from a good number of decentralized applications (dApps) developers and even some governments in recent times.
As reported by BTCManager in July 2019, VeChain inked a take care of the federal government of San Marino for the creation of the San Marino Low carbon ecosystem powered by VeChainThor. Last July, San Marino also used VeChain for its COVID-19 green passport system.
Regardless of its sterling efficiency to date, the VeChain workforce has made it clear that that is only the start of an excellent journey forward, as it plans to roll out more infrastructure upgrades, including itsPOA 2.0 update, as well as significant partnerships in the coming months.
At press time, the value of VeChain (VET) is up by 19.25 p.c up to now seven days, buying and selling round $0.14, in response to CoinMarketCap.
