Hassan Maishera
On Monday, the VeChain team announced via X that the VeChain Hayabusa Mainnet is now officially live. Thanks to this launch, VeChainThor mainnet is now in the ‘transition phase’ until December 9 as Validators onboard and the new rewards systems come online.
With Hayabusa live, users no longer generate $VTHO from $VET tokens in their wallets. $VTHO is only generated by staking. Users can now delegate their StarGate NFT to a Validator on the new StarGate platform; however, they will not be able to claim any staking rewards until one rewards cycle has passed (9th December earliest).
VeChain Thor (VET) is a blockchain with the posited goal of solving real-world economic problems. VeChain leverages the Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism based on HotStuff, which relies on Authority Masternodes (AM) associated with verified identities. VET is up 3.5% today and is currently trading at $0.01371.
