- The recently activated Hayabusa upgrade places an emphasis on MiCA compliance.
- The VeChain team sees the upgrade as a “launch pad for scaling.”
In a new post on With the “Compliance by Design” standard, the project aims to achieve the “broad introduction” of blockchain in Europe.
“The next wave of blockchain adoption belongs to networks that operate as institutional-grade infrastructure. They are technically resilient, economically disciplined, and attuned to the regulatory environment in which they operate,” writes the VeChain Foundation on X.
VeChain can already boast some real adaptation successes worldwide. In July 2021, the Republic of San Marino launched a Walmart China using VeChain technology and non-fungible tokens (NFT). In June 2019, Walmart China relied on VeChain’s technology to ensure traceability of foods such as fresh meat, vegetables and seafood.
“These projects span multiple sectors and geographies and together demonstrate clearly that authorities and global brands see VeChain as a trusted partner when responsibility and accountability matter most. This is the foundation on which Hayabusa is built,” stated the VeChain Foundation.
Hayabusa is intended to promote the European adaptation of VeChain
Hayabusa is now expected to accelerate adoption progress by introducing “institutional-level infrastructure.” The consensus, tokenomics and documentation are “tailored to the standards that regulators and large companies require.”
The VeChain Foundation pays particular attention to the European market, as it makes clear in the latest X post:
“With the updated VET and VTHO MiCA white papers now officially incorporating Hayabusa, the upgrade is fully captured in the same regulatory documents that define VeChain’s token model in Europe by incorporating Hayabusa into MiCA […] VeChain makes compliance a launching pad for scaling.”
According to the project, institutions receive a network whose rules are set out in a framework they recognize. Developers and companies receive an infrastructure that they can use from pilot projects to production.
“The standard for mass adoption is now in place. What happens next depends on who chooses to help secure it,” said the Vechain Foundation.
As CNF reported, the Hayabusa upgrade was activated via hard fork on the VeChainThor mainnet on December 2nd. This was followed by a transition phase until December 9th (block height 23,414,400). Since then, the upgrade has been considered fully active.
Hayabusa is converting VeChainThor from the previous Proof-of-Authority (PoA) to Delegated Proof-of-Stake (DPoS), thereby establishing a validator/delegator framework. As we reported, validators must stake at least 25 million VET; normal VET holders can delegate as delegators and receive rewards (standard split: 30% validator / 70% delegators).
The tokenomics have also been completely revised via VIP-253/254: VTHO is no longer created fixedly by simply holding VET, but dynamically as a function of staked/locked VET and active participation. In the fee model, the base fee portion is burned, while the priority fee portion goes to the block-producing validator.
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