VeChain (VET) is set for a groundbreaking transformation as it kicks off the Galactica Vote from February 24 to March 4, 2025. This pivotal event marks the first phase of the VeChain Renaissance, an ambitious roadmap designed to reshape the blockchain’s core infrastructure, tokenomics, and interoperability.
— VeChain (@vechainofficial) February 19, 2025
What is Galactica?
Galactica is the first of three major phases set to revolutionize VeChainThor, laying the groundwork for the upcoming Hayabusa and Interstellar upgrades. This phase introduces four critical VeChain Improvement Proposals (VIPs) aimed at refining network efficiency, gas fee models, and Ethereum Virtual Machine (EVM) compatibility.
Key Upgrades in the Galactica VIPs
🔹 Dynamic Fee Market (VIP-TBD) – Inspired by Ethereum’s EIP-1559, this upgrade replaces fixed transaction fees with a flexible base fee model that adjusts to network demand. The burning of 100% of base fees accelerates VTHO deflation, optimizing network performance and reducing spam transactions.
🔹 Typed Transactions (VIP-TBD) – A modular transaction format enhancing smart contract interactions, ensuring smoother future upgrades without network fragmentation.
🔹 EVM Upgrade (VIP-242) – Syncing with Ethereum’s Shanghai update, this upgrade boosts developer accessibility, enabling seamless integration of Ethereum-native tools and expanding VeChain’s cross-chain potential.
🔹 Extension Contract v3 (VIP-TBD) – A developer-focused improvement that simplifies contract execution, saving time and enhancing operational efficiency.
Why Your Vote Matters
The VeChain community—including Authority Masternodes, Economic Nodes, and X Nodes—has a unique opportunity to shape the blockchain’s evolution. Participating in the VeVote will directly influence the network’s competitiveness, adoption potential, and long-term sustainability.
The VeChain Renaissance is more than an upgrade—it’s a revolution. Your vote fuels VeChain’s path to mass adoption and blockchain leadership!
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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