Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

VeChain is ready with superior tech for EU billion-$-market

Altszn.com by Altszn.com
April 25, 2023
in Solana
0
VeChain is ready with superior tech for EU billion-$-market
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

VeChain

Source: Den Rise Shutterstock

  • VeChain is more aligned to the MiCA energy rules as affirmed by its Carbon Calculator tool.
  • The VeChain tool may come in handy for other protocols tilting towards achieving compliance.

VeChain (VET), the enterprise-grade layer-1 blockchain protocol is on track to become one of the biggest beneficiaries of the new Markets in Crypto Assets (MiCA) regulation that has been passed by the European Parliament earlier this month. While compliance with the laws will not be demanded until next year, creating the technology to meet every aspect of the law may prove daunting for many protocols.

In reality, the digital currency ecosystem has been yearning for comprehensive digital currency regulation for quite some time. While the approach to developing a global and encompassing regulation is still being stalled at the G7 level, individual countries are now making the strides to take the bull by the horn and chart their own way forward.

Amongst the regions, the EU has made history as the first to launch a uniform set of laws that will be governing the nascent asset class and startups providing services bothering around them. The laws address several aspects including consumer protection, registration of tokens and exchanges, stablecoin reserves, and most importantly, energy consumption amongst others.

Herein is where VeChain will have a competitive advantage. Besides the fact that the protocol is designed to be as energy efficient as possible, it is promoting the ethos of transparency through its Carbon Calculator tool that was developed in conjunction with DNV, a certification expert.

See the carbon impact of every single transaction and smart contract interaction at https://t.co/grYAM7Ec5A, thanks to the recently launched carbon calculator, created in consultation with certification experts, DNV. #vechain #crypto #sustainability $VET https://t.co/i5Ag7Vso8y

— vechain (@vechainofficial) April 24, 2023

Follow us for the latest crypto news!

According to VeChain, the Carbon Calculator has made it possible to see the carbon impact of every single transaction and smart contract interaction at vechainstats.com. This implies that regulators can easily verify whether or not VeChain transactions and associated protocols are truly energy efficient as claimed or not.

VeChain setting the standards for MiCA compliance

Many protocols operate using the Proof-of-Stake (PoS) consensus mechanism. Ethereum (ETH), Cardano (ADA), and Solana (SOL) are some of these blockchain networks. While these will have a relatively better standing with EU Regulators in adherence to the MiCA rules that demand energy accountability than their Proof-of-Work (PoW) counterparts like Bitcoin, both are still below the standard being brandished by VeChain.

The claims of efficient energy utilization by PoS protocol are based on the model of the technology but not because there is a formal verification system as the VeChain Carbon Calculator tool.

          No spam, no lies, only insights. You can unsubscribe at any time.

In order to stay compliant, protocols operating in the EU may need a similar tool as what VeChain has spent a considerable time developing. Depending on how events shape up in the coming months, VeChain might attract a larger market as some protocols might opt-in to use the protocol’s application rather than develop a whole new one in need to stay compliant.

VeChain has continued to outdo itself and it is positioned to penetrate and serve the multi-billion Web2.0 and Web3.0 industry within the European Union and around the world.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.



[ad_2]

Read More: www.crypto-news-flash.com

Tags: billionmarketREADYSolanaSuperiorTechVeChain
ADVERTISEMENT

Recent

VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

June 15, 2025
Is it the future of finance?

Is it the future of finance?

June 15, 2025
U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets

U.S. Lawmakers Unveil CLARITY Act Regulating Digital Assets

June 10, 2025

Categories

  • Bitcoin (4,077)
  • Blockchain (9,827)
  • Crypto (7,751)
  • Dark Web (289)
  • DeFi (7,653)
  • Ethereum (4,048)
  • Metaverse (5,771)
  • Monero (162)
  • NFT (565)
  • Solana (4,748)
  • Web3 (18,442)
  • Zcash (415)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

    VIRTUAL Rallies Ahead of First Ethereum-Based AI Agent Launch

    June 15, 2025
    Is it the future of finance?

    Is it the future of finance?

    June 15, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 107,317.00
    • ethereumEthereum (ETH) $ 2,415.04
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.18
    • bnbBNB (BNB) $ 644.97
    • solanaSolana (SOL) $ 143.26
    • usd-coinUSDC (USDC) $ 0.999806
    • tronTRON (TRX) $ 0.272907
    • dogecoinDogecoin (DOGE) $ 0.164402
    • staked-etherLido Staked Ether (STETH) $ 2,413.40
    • cardanoCardano (ADA) $ 0.565605
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,216.00
    • hyperliquidHyperliquid (HYPE) $ 36.98
    • wrapped-stethWrapped stETH (WSTETH) $ 2,915.11
    • bitcoin-cashBitcoin Cash (BCH) $ 483.29
    • suiSui (SUI) $ 2.73
    • chainlinkChainlink (LINK) $ 13.09
    • leo-tokenLEO Token (LEO) $ 8.99
    • stellarStellar (XLM) $ 0.240990
    • avalanche-2Avalanche (AVAX) $ 17.49
    • usdsUSDS (USDS) $ 0.999671
    • the-open-networkToncoin (TON) $ 2.83
    • whitebitWhiteBIT Coin (WBT) $ 47.98
    • shiba-inuShiba Inu (SHIB) $ 0.000012
    • wethWETH (WETH) $ 2,414.17
    • litecoinLitecoin (LTC) $ 84.32
    • hedera-hashgraphHedera (HBAR) $ 0.149969
    • wrapped-eethWrapped eETH (WEETH) $ 2,585.88
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • moneroMonero (XMR) $ 310.95
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.41
    • polkadotPolkadot (DOT) $ 3.36
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,286.00
    • pi-networkPi Network (PI) $ 0.622276
    • uniswapUniswap (UNI) $ 6.97
    • pepePepe (PEPE) $ 0.000009
    • aaveAave (AAVE) $ 255.13
    • daiDai (DAI) $ 1.00
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • aptosAptos (APT) $ 4.84
    • okbOKB (OKB) $ 50.96
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bittensorBittensor (TAO) $ 323.72
    • nearNEAR Protocol (NEAR) $ 2.13
    • jito-staked-solJito Staked SOL (JITOSOL) $ 173.42
    • internet-computerInternet Computer (ICP) $ 4.80
    • crypto-com-chainCronos (CRO) $ 0.082108
    • ethereum-classicEthereum Classic (ETC) $ 16.19
    • susdssUSDS (SUSDS) $ 1.06
    • bitcoinBitcoin (BTC) $ 107,317.00
    • ethereumEthereum (ETH) $ 2,415.04
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.18
    • bnbBNB (BNB) $ 644.97
    • solanaSolana (SOL) $ 143.26
    • usd-coinUSDC (USDC) $ 0.999806
    • tronTRON (TRX) $ 0.272907
    • dogecoinDogecoin (DOGE) $ 0.164402
    • staked-etherLido Staked Ether (STETH) $ 2,413.40
    • cardanoCardano (ADA) $ 0.565605
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 107,216.00
    • hyperliquidHyperliquid (HYPE) $ 36.98
    • wrapped-stethWrapped stETH (WSTETH) $ 2,915.11
    • bitcoin-cashBitcoin Cash (BCH) $ 483.29
    • suiSui (SUI) $ 2.73
    • chainlinkChainlink (LINK) $ 13.09
    • leo-tokenLEO Token (LEO) $ 8.99
    • stellarStellar (XLM) $ 0.240990
    • avalanche-2Avalanche (AVAX) $ 17.49
    • usdsUSDS (USDS) $ 0.999671
    • the-open-networkToncoin (TON) $ 2.83
    • whitebitWhiteBIT Coin (WBT) $ 47.98
    • shiba-inuShiba Inu (SHIB) $ 0.000012
    • wethWETH (WETH) $ 2,414.17
    • litecoinLitecoin (LTC) $ 84.32
    • hedera-hashgraphHedera (HBAR) $ 0.149969
    • wrapped-eethWrapped eETH (WEETH) $ 2,585.88
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • moneroMonero (XMR) $ 310.95
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • bitget-tokenBitget Token (BGB) $ 4.41
    • polkadotPolkadot (DOT) $ 3.36
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 107,286.00
    • pi-networkPi Network (PI) $ 0.622276
    • uniswapUniswap (UNI) $ 6.97
    • pepePepe (PEPE) $ 0.000009
    • aaveAave (AAVE) $ 255.13
    • daiDai (DAI) $ 1.00
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • aptosAptos (APT) $ 4.84
    • okbOKB (OKB) $ 50.96
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • bittensorBittensor (TAO) $ 323.72
    • nearNEAR Protocol (NEAR) $ 2.13
    • jito-staked-solJito Staked SOL (JITOSOL) $ 173.42
    • internet-computerInternet Computer (ICP) $ 4.80
    • crypto-com-chainCronos (CRO) $ 0.082108
    • ethereum-classicEthereum Classic (ETC) $ 16.19
    • susdssUSDS (SUSDS) $ 1.06