VeChain Renaissance

The VeChain Renaissance is a major protocol upgrade initiative designed to modernize the VeChainThor blockchain across technical, economic, and governance layers. It introduces phased enhancements that align VeChain with leading Web3 standards, improve decentralization, and optimize adoption.

Objectives

• Align with Ethereum standards (EVM, JSON-RPC, dynamic gas).

• Introduce sustainable, incentive-driven tokenomics.

• Enhance transparency, scalability, and governance.

• Foster adoption by developers, enterprises, and community stakeholders.

Phased Rollout

Phase 1: Galactica

Focus: Core Protocol Enhancements

• Upgrade the EVM version from Paris to Shanghai.

• Clause-level transparency for contract execution insights.

• Dynamic fee structure based on Ethereum’s EIP-1559.

Phase 2: Hayabusa

Focus: Tokenomics & Staking Redesign

• Consensus upgrade from PoA to dPoS.

• Introduction of staking NFTs to represent VET commitment.

• Transition to an active reward model via validator delegation.

Phase 3: Interstellar

Focus: Scalability & Permissionless

• Add support for JSON-RPC compatibility.

• Upgrade the EVM from Shanghai to Cancun.

• Several performance and scalability improvements.

New Tokenomics Model

Feature	Description
Staking NFTs	Stake VET to mint transferable NFTs representing your stake.
Active Participation	Rewards tied to validator delegation, not passive holding.
Dynamic Gas Pricing	Network fees adjust based on demand and usage.
Reduced VTHO Output	Inflation cut to support long-term economic balance.