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VeChain [VET] releases the new VeChainThor Mainnet version 1.0.2

Anvita M V



VeChain [VET] releases the new VeChainThor mainnet version 1.0.2
Source: Unsplash

On 3rd September, VeChain Foundation released the VeChainThor Mainnet v1.0.2.  The announcement was made on their official Twitter handle.

The foundation launched VeChainThor Mainnet in the month of June. The VeChainThor blockchain provides built-in governance tools like KYC [Know Your Customer]. It also ensures that it is supported by the smart contract to provide transparency and efficiency.

VechainThor Development updates | Source: Twitter

VechainThor Development updates | Source: Twitter

The new update can be downloaded from their GitHub page. The team also recommends the update. The release involves new features and bug fixes. The team has also concentrated on some performance improvements. On their GitHub page, the team briefly summarizes the changes.

According to the team, the source code will now support subscription for new blocks, events, and transfers through WebSocket requests. Furthermore, an attribute named solo has an additional flag check. Through the flag, customization of block gas limit is made possible.

Moreover, solo’s error handling and log printing have been improved. An additional check named x-genesis-i, an HTTP header verification has been added to prevent accidental accessing of wrong nodes. The synchronization has been accelerated by tweaking certain P2P parameters.

The team has also fixed certain compilation errors related to go1.10.4 and go1.11. They have also added the missing address field in the response of POST/logs/events.

Responding to the announcement Twitterati CryptoWill tweeted:

“Hodling till v200.0.0”

Twitter user Satoshi Collection  tweeted:

“$vet .. my most confident hold.”

Another Twitter user Boye also tweeted:

“Awesome! I have upgraded my local VeChainThor node accordingly. Check out version 1.0.2 of the API at:

Recently VeChain also announced their partnership with China’s insurance company. The announcement read:

“People’s Insurance Company of China (PICC), one of the largest insurer globally with $126 billion total assets, is opting to embrace blockchain technology with the help of DNV GL and VeChain.”

On 28th August Bitfinex exchange announced on their official Twitter handle that the trading has been enabled for VeChain [VET] following a successful Mainnet swap. Additionally, the deposits and withdrawals were enabled on the same day at 16.00 UTC.

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Anvita Mysore Vadiraj is a full-time content writer at AMBCrypto. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies.


EOS, Tron [TRX] and Ethereum [ETH] are top three cryptocurrencies, says China’s CCID Group

Akash Anand



EOS, Tron [TRX] and Ethereum [ETH] adjudged top three cryptocurrencies by China's CCID Group
Source: Pixabay

Analysis of the cryptocurrency market by various global entities has been a standard procedure for a lot of organizations to keep track of the updates and developments in the field. One such major analyst is China’s CCID Group, which works under the Xi Jinping-led country’s Ministry of Industry & IT [MIIT].

In the latest edition of CCID’s Global Public Blockchain Technology Assessment Index, it was stated that EOS retained its title as the best cryptocurrency according to three factors assigned by CCID. The three factors were basic technology, applicability, and creativity, criteria that are aimed at assessing the most effective digital assets in the market right now.

In terms of basic technology, EOS scored a whopping 103.7, making it the only cryptocurrency to breach the 100-mark. It received a score of 20.2 and 24.7 when it came to applicability and creativity, respectively. The surprising result of this assessment was that Bitcoin [BTC], the largest cryptocurrency on the charts, did not even feature in the top-10 of the CCID rankings.

According to the analysis, Tron came in second with a Basic tech score of 95.6 and an applicability score of 24.3. Tron CEO Justin Sun had stated multiple times that EOS and Ethereum were Tron’s biggest competitors, but it turns out that it had the lowest creativity score among the three, clocking 24.1 to Ethereum’s 31.0.

The third-ranked cryptocurrency was Ethereum [ETH], sticking to the trend as all the three cryptocurrencies were focusing on DApps. Despite being third in the rankings, Ethereum had the lowest basic tech score, with its 76.6 being lower than that of relatively smaller coins like Steem and Ontology.

There seem to be some connection with DApps and the CCID rankings as these applications slowly entered the main fore in the cryptocurrency environment. Sources informed that Tron DApps had recently surpassed that of Ethereum and EOS in terms of weekly active and new users.

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