VeChain Enters New Era with ‘Renaissance’ Update

Jakarta, Pintu News – VeChain has launched a new initiative named ‘Renaissance’ by 2025, which aims to transform the VeChainThor blockchain into a more scalable, decentralized and enterprise-ready platform. The plan is divided into three main phases: Galactica, Hayabusa, and Intergalactic, each bringing significant technological and economic improvements.

Phase 1: Galactica

The Galactica phase is the first step in the VeChain Renaissance journey. One of the key improvements was the Dynamic Gas Fee Model, which adopted concepts from the Ethereum Improvement Proposal (EIP-1559). This model introduces a more predictable way of managing transaction fees, by burning base fees to help control inflation while providing bonuses (priority fees) to validators who process transactions.

This update not only improves efficiency in transaction cost management, but also supports the economic stability of the network. By reducing the volatility of gas fees, VeChain seeks to attract more corporate use, which requires predictability for long-term fee planning.

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Phase 2: Hayabusa

The Hayabusa phase focuses on updating VeChain’s economic model and increasing decentralization. This phase introduced a new dynamic system for VTHO generation based on staking, which ensured that validators, economic nodes, and active users were fairly rewarded.

These changes aim to strengthen the VeChain ecosystem by providing greater incentives for active participation. By improving the way VTHOs are generated and distributed, VeChain expects increased engagement and support from its community, which in turn will improve the security and stability of the network.

Phase 3: Intergalactic

The Intergalactic phase is designed to take VeChain to the next level, preparing it for widespread global adoption and ensuring seamless interaction with other blockchain ecosystems. One of the enhancements is the introduction of a dynamic transaction fee mechanism that adjusts fees based on the current level of network activity.

By achieving full parity with the Ethereum Virtual Machine (EVM) and integration of JSON-RPC support, VeChain will be fully compatible with the Ethereum smart contract standard and developer tools that have become industry norms. This makes it easy for developers to build and deploy decentralized applications on VeChain.

Conclusion

With the Renaissance initiative, VeChain not only enhances its technical capabilities but also strengthens its position as a leader in enterprise adoption of blockchain. Through these three phases, VeChain hopes to attract more developers and enterprises to use its platform, which will ultimately expand the use of blockchain on a global scale.

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Reference

• Crypto News Flash. VeChain Unveils Renaissance Upgrade: A New Era for VET and Blockchain Adoption. Accessed on June 5, 2025
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