VeChain’s PoA 2.0 will address the trade-off between scalability and block finality as in traditional blockchain architecture.
VeChain’s PoA 2.0 will cater to the requirements of the next generation of businesses with the One Bit Block Finality feature.
Blockchain technology is completely revolutionizing the way in which data transfer happens in a secure and decentralized manner. However, as more and more users onboard on the blockchain, the technology faces challenges in terms of scalability and instant settlements.
One of the major trade-offs with the traditional blockchain architecture is to maintain a balance between high throughput/scalability and having instant finality. With Proof-of-Authority (PoA) 2.0, VeChain seems to solve this issue once and for all. In their latest announcement, the VeChain Foundation stated:
The ability to offer scalable public #blockchain with guaranteed data quality is key to mass adoption. By working closely with globally renowned data quality...
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