The imminent implementation of the Proof of Authority (PoA) 3.0 upgrade on the VeChain protocol, set to enhance its business-enhancing network, is creating considerable buzz among crypto enthusiasts and market watchers. The PoA 3.0 upgrade has been anticipated as a significant advancement in the VeChain ecosystem, and is expected to offer new staking opportunities and facilitate greater decentralization of the network.
In a recent blog post, respected crypto trader Apollo outlined the key aspects of the PoA 3.0 upgrade. Among the key components are Upgraded Validator Mechanics, New Economic Node Tiers, and Validator Delegation. The PoA 3.0 upgrade will allow support for 101 validator nodes, thus enhancing the extent of network decentralization and bolstering security by increasing the number of consensus participants.
Moreover, the introduction of new economic node tiers will enable a broader pool of participants to stake, even below the existing 1 million VET minimum. This development will allow more individuals to run nodes, thereby contributing to the network’s security and governance.
A further significant feature of the PoA 3.0 upgrade is the introduction of X/Economic Node Delegation to Validators. In effect, X/Economic Nodes will be able to delegate collateral to one of the 101 Validator Nodes. This initiative will assist in maintaining the network, while also potentially offering staking rewards.
A significant shift for users and developers within the VeChain ecosystem is the removal of the 25 million VET limit for block-producing Validator Nodes, and the elimination of the need for Know Your Customer (KYC) verification. The removal of KYC requirements will simplify the process for new users to join and engage with the VeChainThor blockchain.
The implementation of the PoA 3.0 upgrade underscores VeChain’s commitment to creating an accessible, secure, and inclusive platform. The upgrade is a significant milestone for VeChain, demonstrating its leadership in delivering scalable and efficient blockchain solutions.
The VeChain team has also recently shared its strategic focus for 2025, which includes plans to transform the VeWorld Wallet into a super app hub and launch the VeChain Renaissance. The latter initiative aims to ensure that stakeholders remain at the forefront of technical and regulatory trends, while also harnessing the contributions of users and developers to drive network growth.
Given these positive developments, market analysts anticipate that the VET token could potentially reach new highs. In a recent report, analyst EGRAG CRYPTO suggested that VET could replicate its 2020 performance to reach the $1 mark.
At the time of writing, the VET token was trading at $0.03463, up 5.8% in the last 24 hours. To reach the $1 threshold, VET would have to climb by a staggering 2,788.1%. The journey may be steep, but the destination is certainly exciting for VeChain stakeholders and the broader crypto community.
