VeChain has launched the Galactica Testnet and Stargate as part of its Renaissance 2025 initiative to enhance the network's ecosystem with features like NFT staking and dynamic gas model.
A detailed report by Messari Beundry researcher Alexander highlights VeChain's protocol upgrades introduced on July 1, including NFT-based staking, enhanced EVM compatibility, and revamped fee structures for decentralized governance.
The network has transitioned to a new validator/delegator model under StarGate, allowing users to participate in staking through NFT receipts and earn rewards while improving access and decentralization.
VeChain is moving towards a Weighted Delegated Proof of Stake consensus model to enhance network participation and governance, with plans to achieve full compatibility with Ethereum's Cancun upgrade in the Interstellar phase of its roadmap.