- On the 1st of July, the crypto community will witness the launch of the second phase of Vechain Renaissance, Hayabusa.
- The Vechain Renaissance upgrade comes in three phases that will enhance the staking security and the scalability of the network.
The VeChain Renaissance is an initiative launched in 2025 to transform the VeChainThor blockchain into a more scalable, decentralized, and enterprise-ready platform.CNF previously mentioned that this plan is structured into three distinct phases, Galactica, Hayabusa, and Intergalactic, each introducing significant technological and economic enhancements.
On an X post, the Vechain team stated that “Renaissance represents the most comprehensive upgrade to the protocol since its inception in 2018 – a complete economic and technical evolution designed for the next phase of blockchain mass adoption.”
Phase 1: Galactica
Galactica is the first step in VeChain’s Renaissance journey. One of the standout upgrades is the Dynamic Gas Fee Model, which takes a page from Ethereum’s EIP-1559. In simple terms, it adds a more predictable way to handle transaction fees, burning a base fee to help control inflation while giving a bonus (a priority fee) to validators who process transactions.
Also, it will increase compatibility with the Shanghai Ethereum Virtual Machine (EVM). This brings VeChainThor up to speed with the latest in Ethereum-based smart contract tech. This will open the door to more advanced decentralized apps.
As we covered earlier, back in March, VeChain rolled out the Galactica testnet, giving developers a sandbox to try out all the new features. Finally, Galactica introduced new staking tiers for Economic Nodes, giving users more flexibility and incentive to support the network. Whether you’re a smallholder or a major participant, there are now more ways to get involved and earn rewards.
Phase 2: Hayabusa
The Hayabusa phase focuses on overhauling VeChain’s economic model and boosting decentralization. It introduces a new dynamic system for generating VTHO based on staking, making sure validators, economic nodes, and active users are rewarded fairly.
Starting July 1, the StarGate staking project will reward $VET holders with a bonus pool of 5.48 billion $VTHO. New staking options encourage more participation and help keep the network secure. As mentioned before, users can earn up to 35,000 VTHO daily, while other node tiers also offer solid rewards. For example, Thunder X nodes earn about 9,800 VTHO per day, Strength X nodes around 2,250, and mid-range VeThor X nodes (with 600K VET) bring in roughly 550 VTHO daily.
The phase also updates the consensus protocol to further decentralize the network and improve scalability. Finally, the community had a chance to vote on these changes, showing VeChain’s ongoing dedication to decentralized governance.
Phase 3: Intergalactic
The post then reads, “This ambitious transformation encompasses enhanced tokenomics, democratized staking, improved governance, and powerful technical enhancements that position VeChainThor as the leading blockchain for real-world impact. Renaissance unfolds daily.”
The Intergalactic phase is designed to take VeChain to the next level by preparing it for widespread global adoption and ensuring it can seamlessly interact with other blockchain ecosystems. One improvement is the introduction of a dynamic transaction fee mechanism.
This system intelligently adjusts fees based on the network’s current activity level, resulting in more predictable and stable transaction costs, rather than sudden spikes or drops.
Intergalactic will achieve full Ethereum Virtual Machine (EVM) parity along with the integration of JSON-RPC support. What this means in practice is that VeChain will be fully compatible with Ethereum’s smart contract standards and the developer tools that have become an industry norm. This makes it much easier for developers to build and deploy decentralized applications on VeChain.
Recommended for you:
Credit: Source link
