VeChain Nears Historic Upgrade With Galactica Phase of Renaissance Plan

The Vechain Galactica upgrade underwent rigorous third-party audits by NCC Group and Coinspect, both highlighting the clean code structure and absence of high-severity issues. Launching July 1, the StarGate staking project will reward $VET holders with a 5.48 billion $VTHO bonus pool. VeChain is about to reach a milestone, with the forthcoming launch of Galactica, the first in a trilogy of phases of its broad Renaissance road map. This update has been announced as VeChainThor’s “most impactful series of technical/tokenomic upgrades since launch.” Moreover, it has successfully undergone two 3rd party security audits before going live on Devnet. VeChain’s Galactica Upgrade Passes Testnet Audit Galactica upgrade adds four major VIPs; VIP-242 (Ethereum Shanghai compatibility), VIP-250 (clause transparency), VIP-251 (dynamic fee market) and VIP-252 (typed transactions). These VIPs aim to upgrade the blockchain infrastructure of VeChainThor. Security came as the first priority for VeChain. The team said , “When building apps for the real economy, security is paramount.” Both NCC Group and Coinspect conducted code reviews. As per the declaration of VeChain, “NCC Group found no critical issues & praised code quality.” They also noted that “Coinspect’s report highlighted the clean structure and consistency of the codebase, also noting the absence of high-severity bugs.” NCC Group analysis identified only two problems, both of which were fixed. Meanwhile, Coinspect found a medium threat vulnerability regarding VTHO use by blocklisted accounts, which was also fixed. Now that audits are done and the upgrade “functionally complete” VeChain says “migration to testnet, and later, mainnet, are now estimated for the below block heights and dates.” Authority Masternodes are encouraged to prepare, and developers are welcomed to develop on the live Devnet on test VET and VTHO tokens. Major Staking Rewards For VET & VTHO Holders Apart from technical characteristics, Galactica is associated with an ambitious economic program, as reported earlier. From July 1, VeChain will release the StarGate staking project, and users will be able to “stake your $VET and benefit from a 5.48 billion $VTHO bonus pool.” Galactica’s upgrade also supports a dynamic transactional pricing system that reacts to use on the network. “The full reward (priority fee) of transactions is sent to the miners. The BaseFee is burned, as in Ethereum,” Coinspect’s report noted. This ensures transaction efficiency while controlling inflation and following Ethereum’s EIP-1559 structure. The Galactica phase also augments enterprise utility by making clause-level data available to smart contracts and has scalable, modular transactions that support complex applications. In brief, the team summarized “VeChain Renaissance is a tokenomic & technical revolution for VeChainThor, and Galactica’s arrival represents another bold step toward mass adoption.” Looking ahead, the next milestone Hayabusa, is due to launch at the same time as StarGate in July, as mentioned in our earlier new piece. Collectively, these are the fundamental transition for VeChainThor, signaling its transformation into a more trustable, adaptable and enterprise-oriented blockchain network. Source: https://www.crypto-news-flash.com/vechain-nears-historic-upgrade-with-galactica-phase-of-renaissance-plan/?utm_source=rss&utm_medium=rss&utm_campaign=vechain-nears-historic-upgrade-with-galactica-phase-of-renaissance-plan