Vechain has made significant advancements in its ecosystem with a series of updates introduced in December, as stated in an announcement on X by Vechain. These updates have the potential to revolutionize the blockchain technology environment and provide 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 is set to replace the VechainThor mobile wallet. The platform also provides comprehensive migration instructions to ensure a smooth transition for existing 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 provides a powerful wallet architecture that enables developers to work more efficiently and enhance the user experience.
Vechain is also focused on improving user convenience by expanding fiat on-ramps and integrating with Ledger Live. Users can now buy VET directly from VeWorld through the integration of Coinbase Pay’s fiat on-ramp. Additionally, Coinify integration is on the horizon, offering users more alternatives. The integration of Ledger Live will allow 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 in both realms.
The ‘Marketplace-as-a-Service’ (MaaS) module is a highly anticipated product in the VORJ ecosystem. It has completed the front-end design stage and received an impressive 9.6/10 rating in a Hacken security audit. Vechain has also signed agreements with a leading third-party NFT Checkout provider to facilitate card purchases on the MaaS platform, and the integration process has begun.
Vechain is serious about security with the release of ERC-4337 Account Abstraction. This innovation offers programmable smart contract wallets, improving the user experience. The core account abstraction contracts are currently being audited by Hacken, and their availability on Testnet and Mainnet will depend on the audit’s findings.
To cater to the growing demand for NFTs, Vechain is developing ERC-6551 to provide dedicated wallets for NFTs. This feature will soon be available on both Testnet and Mainnet, offering more functionality and autonomy for NFT enthusiasts.
Vechain is committed to supporting developers by offering an updated Software Development Kit (SDK) and launching the Vechain dApp Kit. The updated SDK aims to make developer advice more efficient and frictionless, while the dApp Kit supports the growth of Vechain’s dApp ecosystem with enhanced UI components, streamlined wallet management, React integration, and support for multiple languages and frameworks.
Improving the reliability of node infrastructure is a priority for Vechain. The team has planned updates in three phases, including the release of the Health Checker module as open source, the introduction of a metrics dashboard, and making the full-node deployment infrastructure public. These updates ensure a robust technical backbone for the ecosystem.
The Node Rewards Platform has already seen success and continues to evolve. The second phase of the rewards platform has recently been launched, introducing 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 and sets the stage for an exciting 2024. The community is invited to join this journey, with the promise that the best is yet to come.