Large Chinese Municipal Governments Are Adopting VeChain’s VeTrust to Help Deal with COVID19
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According to recent information, the new version of VeChain Thor has been released. The update says the release comes with several features and necessary performance improvements.

The development was announced a few hours ago via the official Twitter handle of VeChain Dev, the channel based on VeChain technology.

According to the report, the block processing of the peer-to-peer (P2P) network has been sped up, and read performance on leveldb has also been improved in this new version.

The upgraded version is now available for download on Github.

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“VeChain Thor has upgraded to v.1.3.5. The block processing has been sped up and read performance on leveldb has also been improved,” VeChain Dev reported.

Below are the detailed performance improvements and features of the upgraded version (1.3.5) of VeChain Thor as shared on Github:

  1. isolate the full-archived instance dir from state-pruned
  2. increase the default trie cache size to 2GB
  3. asynchronously commit event/transfer logs to speedup block processing
  4. upgrade goleveldb and improve trie read performance when state-pruner disabled

Recent Developments in VeChain Ecosystem

There have been a number of developments lately in the VeChain community. Notable partnerships have been sealed. But the two newest and notable deals sealed are the partnerships with Grand Thornton Cyprus, an accounting and consulting firm, and, a crypto-friendly travel booking firm.

According to the announcement, VeChain partnered with the accounting and consulting firm Grant Thornton Cyprus, to extend blockchain solutions to a variety of industries.

Stressing the firm’s growing interest in the development of blockchain, the director of distributed technology at Grant Thornton Cyprus, Alexis Nicolau, noted that legislation governing blockchain technology in Cyprus is imminent.

As aforementioned, the second significant development is the partnership between VeChain and, to integrate the digital token VET as one of its payment options.

The collaboration between the two companies makes VET token eligible to book over 2.2 million hotels and homes in 230 countries and over 80,000 destinations across the globe.

VeChain Foundation tweeted, “To further the cause of blockchain mass adoption, VeChain is excited to partner with! Our smart money, VET is now officially accepted as a payment token for over 2,200,000 accommodations worldwide in more than 230 countries.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.