Darius Baruo
Jan 10, 2025 13:20
VeChain announces its Renaissance 2025 roadmap, introducing significant upgrades like enhanced tokenomics and interoperability improvements to bolster its blockchain ecosystem.
VeChain, a leading enterprise blockchain platform, has laid out its Renaissance 2025 roadmap, marking a significant reimagining of its protocol, according to VeChain Official. This initiative aims to enhance the network’s tokenomics, improve its VTHO consumption and distribution model, and achieve seamless interoperability with JSON RPC integration and full Ethereum Virtual Machine (EVM) compatibility.
Q1: Foundations of Galactica
The first quarter of 2025 will see the submission of VeChain Improvement Proposals (VIPs) for the Galactica hardfork. This phase will kick off with the launch of the Galactica Testnet, allowing developers to explore its new technical features. A crucial all-stakeholder voting event is also planned to approve Galactica’s integration with the mainnet.
Q2: Galactica Meets Mainnet
In the second quarter, the Galactica upgrade will be implemented on the mainnet, introducing a dynamic fee model and Shanghai EVM upgrades. Additionally, new Economic Node tiers will be introduced to enhance the Node/staking model, though no new X Node tiers will be created.
Q3: Launching Hayabusa
The third quarter will focus on launching the Hayabusa phase, which includes new tokenomics, enhanced staking opportunities, and an improved VTHO consumption model. This phase aims to make VeChainThor more economically attractive while promoting decentralization. Another all-stakeholder vote will be held to approve these changes.
Q4: A New World – The Hayabusa Era
The final quarter will see the Hayabusa mainnet launch, introducing a revamped reward model to incentivize staking and ecosystem activities. An upgraded Node system will provide new staking opportunities, and a new VTHO issuance model will ensure rewards for active network contributors.
2025 — A Year of Change
VeChain’s Renaissance 2025 roadmap represents a significant evolution for its blockchain, aligning with broader changes in the crypto landscape. The company plans to keep its community engaged with frequent updates and opportunities for participation throughout the year.
About VeChain
Founded in 2015, VeChain is known for its enterprise smart contract platform, VeChainThor, which has facilitated blockchain adoption across numerous industries. In collaboration with Boston Consulting Group, VeChain has developed the ‘Better’ ecosystem, which uses tokenization to incentivize sustainable actions.
Image source: Shutterstock
