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- Draper Dragon and Fenbushi Capital join the Vechain ecosystem as validators, in a vote of confidence for its governance model.
- This comes following the completion of the Hayabusa upgrade which improves scalability, consensus efficiency, and economic sustainability.
On December 9, Draper Dragon and Fenbushi Capital joined the VeChain ecosystem by being validators on the VeChainThor blockchain. This is yet another big development following the full launch of the Hayabusa upgrade as well as the DPoS consensus mechanism.
Why This Is Crucial VeChain
For VeChain, validators have played a key role in building the network’s credibility. Getting big players like Draper Dragon and Fenbushi Capital on board signals growing confidence among major industry players.
“Joining the VeChain Validator Program reflects our confidence in a network built for real economic impact,” said Andy Tang of Draper Dragon. Fenbushi Capital’s Bo Shen shared that sentiment, noting VeChain’s ongoing work to deliver value at a global scale. As a result, the validator set now includes a total of 19 participants joining through Rendo’s staking system.
Unlike other blockchain platforms, VeChain doesn’t rely on any kind of validators. It has partnered with some of the top organizations that focus on accountability and discipline. This governance model helps with the needs of enterprises and government partners evaluating blockchain for real-world, regulated use cases.
The onboarding of Draper Dragon and Fenbushi Capital will strengthen that institutional foundation. Besides, it will also reinforce VeChain’s emphasis on long-term, sustainable growth.
The Hayabusa Upgrade: A Big Technical Step Forward
As reported by CNF last week, the VeChain team rolled out the much-awaited Hayabusa upgrade, thereby bringing some key technical updates to the mainnet. Hayabusa improves consensus efficiency, boosts scalability, as well as economic sustainability. Speaking on the development, VeChain CEO Sunny Lu said:
“Hayabusa represents a forward step for the VeChainThor blockchain and the growing ecosystem that depends on it. Welcoming Draper Funds and Fenbushi Capital as validators reinforces the strength of our governance model and the confidence leading institutions have in VeChain’s long-term vision.”
The update brings features that are useful for applications like digital product passports, sustainability tracking, supply-chain automation, and real-world asset tokenization. Under the Hayabusa upgrade, all VeThor (VTHO) gas rewards are now distributed exclusively to stakers.
As a result, the non-staking wallets can no longer do passive VTHO generation. This change boosts the overall yields for participants willing to secure the network. Besides, it also restricts the circulating supply.