Vechain has made significant advancements in its ecosystem with a series of updates introduced in December, according to an announcement on X by Vechain. These updates have the potential to revolutionize the blockchain technology landscape and offer new opportunities for developers and consumers alike.
One of the major updates is the launch of VeWorld, Vechain’s official mobile wallet. VeWorld has quickly gained popularity, with over 210,000 installations on both Apple and Android platforms. Users are advised to switch to VeWorld by December 31st, as it will officially replace the VechainThor mobile wallet. The platform provides detailed migration instructions to ensure a seamless transition for current users.
Developers looking to integrate with VeWorld can benefit from the official dApp Kit. This kit simplifies the integration process with just a few lines of code required. It offers a powerful wallet architecture that allows developers to work more efficiently and enhance the user experience.
Vechain is also focused on improving user ease by expanding fiat on-ramps and integrating with Ledger Live. Users can now buy VET directly from VeWorld through Coinbase Pay’s fiat on-ramp. Additionally, Coinify integration is on the horizon, providing users with more alternatives. Furthermore, Ledger Live integration is scheduled for the second part of December, enabling users to securely store digital assets and purchase VET using Coinify’s fiat on-ramp.
VORJ, Vechain’s flagship product, continues to evolve with the support for ERC-5660. This update introduces redeemable functionality to ERC-721 smart contracts, bridging the gap between physical and digital assets and positioning VORJ as a powerful solution for both realms.
The ‘Marketplace-as-a-Service’ (MaaS) module is another highly anticipated addition to the VORJ ecosystem. The front-end design stage is complete, and it has received an impressive 9.6/10 rating in a Hacken security audit. Agreements have been signed with a leading NFT Checkout provider to facilitate card purchases on the MaaS platform, and integration is underway.
Vechain is serious about security and has released ERC-4337 Account Abstraction to enhance security and user experience. This innovation offers programmable smart contract wallets and is currently being audited by Hacken. The core account abstraction contracts will be available on Testnet and Mainnet based on the audit’s findings.
To support the growing dApp ecosystem, Vechain has updated its Software Development Kit (SDK) and launched the Vechain dApp Kit. The new SDK provides comprehensive documentation and is compatible with the latest technologies. The dApp Kit offers enhanced UI components, streamlined wallet management, React integration, and support for multiple languages and frameworks. Developers can also incorporate and support any wallet due to the kit’s adaptability and extensibility.
Improving node infrastructure is crucial for a reliable blockchain network, and Vechain is focused on enhancing its reliability. Updates are planned in three phases, including the open-source Health Checker module for running health checks on nodes. A metrics dashboard will be introduced to provide detailed information about node performance, and the full-node deployment infrastructure will be made public, making it easier for builders to run high-quality nodes.
The Node Rewards Platform has already seen success and continues to evolve with the introduction of features like ‘Instant Node Transfer’ and ‘Dutch Auction.’ Users can now easily send nodes to specific addresses or participate in auctions while enjoying enhanced metrics and data insights.
As 2023 comes to a close, Vechain looks back on a year of achievements and innovation. The dedicated teams have pushed boundaries and set the stage for an even more exciting 2024. Vechain invites the community to join this journey, promising that the best is yet to come. VeThor (VTHO), an ecosystem token within the VeChain blockchain, has seen a 13.56% rise in the past 24 hours, reaching a value of $0.02956.
