VeChain (VET) has announced two major technological developments aimed at accelerating the adoption of decentralized applications (dApps) and enhancing its blockchain's performance. The project has officially rolled out Sync2, a blockchain-based web application designed to enable seamless dApp usage, and is making significant progress on its Proof of Authority (PoA) 2.0 consensus algorithm upgrade.
The launch of Sync2 is positioned as a revolutionary solution for mass dApp adoption. According to a VeChain blog post, Sync2 allows blockchain dApps to run as web applications across all operating systems, browsers, and device types without requiring installation. This is intended to remove key entry barriers for users who currently find dApps difficult to use due to compatibility issues and the complexity of managing cryptocurrencies for gas fees.
A critical feature of Sync2 is its integration with VeChain's fee delegation protocols (VIP-201 and VIP-191). This system allows dApp service providers to pay transaction (gas) fees on behalf of users, eliminating a significant usability hurdle. VeChain's CEO, Sunny Lu, has stated the firm's goal is to present a "very solid competitive edge over Ethereum in the dApp blockchain industry," positioning Sync2 as a better alternative for dApp technology.
Concurrently, VeChain's development team, led by Chief Scientist Peter Zhou, is nearing the completion of the PoA2.0 upgrade. Zhou announced on social media that the core development team has made "good progress" and will soon launch a new testnet implementing VIP-193 (SURFACE), which is designed to allow for faster transaction confirmation and scale the VeChain Thor platform.
Furthermore, Zhou has completed prototyping for VIP-200, which will provide Byzantine Fault Tolerance (BFT) finality. This upgrade incorporates features from Proof-of-Work blockchains like Bitcoin but uses a BFT protocol to achieve greater scalability and robustness. The BFT protocol's finality messages function as both a block ID and components of the block reader, enabling the distributed ledger to reach definitive consensus more efficiently.
At the time of the announcement, VeChain's market capitalization was approximately $974.18 million, with VET trading around $0.015169. The organization emphasizes that these technological strides are meant to make the VeChain Thor platform more resilient, secure, and attractive for broader adoption and integration.
