Vechain has made significant advancements in its ecosystem with a series of updates introduced in December, according to an announcement on X by Vechain. These updates have the potential to revolutionize the blockchain technology landscape and offer new opportunities for developers and users alike.
One of the major developments is the launch of VeWorld, Vechain’s official mobile wallet. VeWorld has gained rapid popularity, with over 210,000 installations on both Apple and Android platforms. Users are advised to switch to VeWorld by December 31st, as it will replace the VechainThor mobile wallet. The platform provides comprehensive migration instructions to ensure a smooth transition for current users.
Developers can benefit from the new VeWorld dApp Kit, which simplifies integration with VeWorld. With just a few lines of code, developers can streamline the integration process and improve the user experience with the powerful wallet architecture provided.
Vechain is also expanding its fiat on-ramps and integrating with Ledger Live to enhance user options. 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 even more alternatives. With the integration of Ledger Live, users can securely store digital assets and purchase VET using Coinify’s fiat on-ramp.
Vechain’s flagship product, VORJ, continues to evolve with the support for ERC-5660, which introduces redeemable functionality to ERC-721 smart contracts. This bridges the gap between physical and digital assets, positioning VORJ as a powerful solution for both realms.
The Marketplace-as-a-Service (MaaS) module is another highly anticipated product in the VORJ ecosystem. It has completed the front-end design stage and achieved an impressive 9.6/10 in a Hacken security audit. Vechain has signed agreements with a leading third-party NFT Checkout provider to facilitate card purchases on the MaaS platform, and integration is underway.
Vechain’s commitment to security is demonstrated with the release of ERC-4337 Account Abstraction, which offers programmable smart contract wallets to improve the user experience. These smart contracts, created with Electi Consulting, are currently being audited by Hacken.
To cater to the growing demand for NFTs, Vechain is implementing ERC-6551, which will provide wallets specifically for NFTs. This feature is currently in development and will soon be available on both Testnet and Mainnet.
Vechain is dedicated to empowering developers and has revamped its Software Development Kit (SDK) to make developer advice more efficient and frictionless. The updated version is compatible with the latest technologies and provides comprehensive documentation to support developers’ work. In addition to the SDK, Vechain is launching the Vechain dApp Kit, which aims to support the growth of the dApp ecosystem by offering enhanced UI components, streamlined wallet management, React integration, and support for multiple languages and frameworks.
Improving node infrastructure is also a priority for Vechain. The team has planned updates in three phases, including making the Health Checker module open source, introducing a metrics dashboard, and making the full-node deployment infrastructure public.
Looking ahead to 2024, Vechain anticipates an even more exciting year of achievements and innovation. The community is invited to join this journey, with Vechain promising that the best is yet to come.