VeChain is safe to invest in because it has a great team and will keep expanding.
VeChain has been expanding its network with multiple partnerships in the blockchain space recently.
Despite the crypto winter affecting several crypto projects, the blockchain platform with a focus on the supply chain management process, VeChain, continues to expand. VeChain has expanded its reach in the last few months by partnering with various firms across different sectors. It has also been upgrading its platform with a recent upgrade of its proof-of-Authority (PoA) consensus mechanism.
According to the platform, PoA 2.0 will offer speed and reliability, which are essential for any business app. While it seems more centralized, given its low number of nodes, VeChain’s PoA 2.0 mechanism consumes less energy and emits low amounts of carbon. VeChain added that its PoA mechanism makes it possible to build and scale green technologies on a level that hasn’t been seen before on any public blockchain.
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