A new milestone for VeChain (VET) — 10 million blocks without any downtime | Invezz

VeChain (VET/USD), one of the crypto industry’s best-known supply chain management platforms, just hit a new milestone recently, and just in time, before the consensus upgrade has arrived. The new milestone concerns the number of the processed blocks without experiencing any downtime within its Thor mainnet.

The new achievement was pointed out by the VeChain Foundation itself, which noted that the network surpassed 10 million blocks. The announcement came via Twitter yesterday, September 1st, and at the time it was made, the VeChain Tor network was processing block number 10,004,141.

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The Foundation also noted that the milestone signifies the blockchain’s security, scalability, and unrivaled stability. Even when compared to Bitcoin (BTC/USD), which is considered slow but reliable, VeChain is in a significant lead, with 100% uptime against Bitcoin’s 99.98% since its launch in January 2009.

The foundation also said that it saw con enterprise usage from major commerce giant, Walmart, as well as increased levels of governmental adoption in both, China and San Marino. As most likely know, China is not particularly crypto-friendly when it comes to most projects, but for some reason, it has a soft spot for VeChain, with which it teamed up in June 2020 to allow it to track food products.

New VeChain platform upgrades in the pipeline

VeChain’s milestone is a major deal, but it doesn’t mark the end of exciting developments. As the Foundation notified users, there are a few major infrastructural updates in the world, including Proof of Authority 2.0. In addition, the Foundation announced even more partnerships, use cases, growth, community dApps, and more.

Its enterprise supply chain management platform will upgrade to the next-gen consensus mechanism called PoA 2.0-SURFACE, and it claims it will be more secure, use-case adaptive, and relatively fork-free. In addition to this, the upgrade will also enable higher throughput on the blockchain.

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