- VeChain’s Galactica phase introduces four major upgrades—Dynamic Fee Market, Typed Transactions, Enhanced EVM Compatibility, and Developer-Friendly Smart Contracts—aimed at improving blockchain efficiency, interoperability, and usability.
- Starting February 24th, stakeholders will vote on these proposals, marking a key step in VeChain’s broader Renaissance project to drive mass adoption and innovation.
VeChain is taking a bold step into the future with the launch of its highly anticipated Galactica phase, a series of critical upgrades designed to revolutionize the VeChainThor blockchain. This milestone is part of the broader VeChain Renaissance project, which aims to strengthen the platform’s technological and economic framework. With four major VeChain Improvement Proposals (VIPs) set for implementation, Galactica promises to enhance blockchain efficiency, interoperability, and usability.
Key Upgrades in the Galactica Phase
1. VIP-251: Dynamic Fee Market
Inspired by Ethereum’s EIP-1559, VIP-251 introduces a dynamic fee market to replace VeChain’s existing fixed-fee model. By adjusting transaction fees based on network demand, this proposal enhances cost efficiency while ensuring network security. Additionally, 100% of base fees will be burned, promoting a deflationary mechanism that could increase the long-term value of VeChainThor’s native token.
2. VIP-252: Typed Transactions
VIP-252 aims to simplify blockchain interactions by introducing a new transaction format. This upgrade provides a modular approach, making it easier to integrate new features without disrupting the existing network. The enhanced structure ensures smoother upgrades and strengthens the stability of VeChainThor’s ecosystem.
3. VIP-242: Enhanced EVM Compatibility
To expand interoperability, VIP-242 aligns VeChainThor’s Ethereum Virtual Machine (EVM) with Ethereum’s latest Shanghai release. This update enables developers to leverage Ethereum-native tools and fosters cross-chain innovation, opening the door for greater collaboration and seamless integration between blockchains.
4. VIP-250: Developer-Friendly Smart Contracts
With VIP-250, VeChain introduces new Extension Contract Enhancements aimed at streamlining smart contract development. By simplifying contract execution, this proposal empowers developers to build more complex decentralized applications (dApps) efficiently, boosting VeChain’s appeal as a blockchain development hub.
Community Involvement and Next Steps
Starting February 24th, stakeholders—including Authority Masternodes, Economic Nodes, and X Nodes—will have the opportunity to vote on these transformative proposals. This inclusive approach highlights VeChain’s commitment to decentralized governance and community-driven decision-making.
The Galactica phase is just the beginning. Future phases, including Hayabusa and Interstellar, promise additional enhancements that will further cement VeChain’s role as a leading blockchain innovator. In the meantime, stakeholders are encouraged to join discussions and participate in an upcoming AMA session with VeChain CEO Sunny Lu to gain deeper insights into the project’s trajectory.
With these ambitious upgrades, VeChain is positioning itself at the forefront of blockchain evolution, paving the way for mass adoption and a more interconnected digital ecosystem.
