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- Draper Dragon and Fenbushi Capital will participate as validators in a vote of confidence in the governance model of the Vechain ecosystem.
- This follows the completion of a Hayabusa upgrade that improves scalability, consensus efficiency, and economic sustainability.
December 9th, draper dragon and Fenbushi Capital has joined the VeChain ecosystem as a validator on the VeChainThor blockchain. This is another major development following the Hayabusa upgrade and the full launch of the DPoS consensus mechanism.
Why this is important for VeChain
For VeChain, validators have played an important role in building trust in the network. The participation of major companies like Draper Dragon and Fenbushi Capital signals growing confidence among key industry players.
“Participating in the VeChain Validator program demonstrates our confidence in a network built for real economic impact,” said Andy Tang of Draper Dragon. Bo Shen of Fenbushi Capital also shared that opinion, noting VeChain’s continued efforts to provide value on a global scale. As a result, the validator set now includes a total of 19 participants participating through Rendo’s staking system.
Unlike other blockchain platforms, VeChain does not rely on validators of any kind. We partner with some of the top organizations that value accountability and discipline. This governance model serves the needs of enterprises and government partners evaluating blockchain for real-world regulated use cases.
The additions of Draper Dragon and Fenbushi Capital strengthen its institutional foundation. Moreover, it will also strengthen VeChain’s focus on long-term and sustainable growth.
Hayabusa upgrade: a major technological advance
As CNF reported last week, the VeChain team has rolled out the long-awaited Hayabusa upgrade, thereby bringing several important technical updates to the mainnet. Hayabusa improves consensus efficiency, increasing scalability and economic sustainability. Commenting on the development, VeChain CEO Sunny Lu said:
“Hayabusa represents a step forward for the VeChainThor blockchain and the growing ecosystem that depends on it. Having Draper Funds and Fenbushi Capital on board as validators reinforces the strength of our governance model and the confidence of key institutions in VeChain’s long-term vision.”
This update adds features useful for applications such as digital product passports, sustainability tracking, supply chain automation, and real-world asset tokenization. With the Hayabusa upgrade, all VeThor (VTHO) gas rewards are now distributed exclusively to stakers only.
As a result, non-staking wallets will not be able to perform passive VTHO generation. This change will improve overall revenue for participants who want to ensure the security of their networks. In addition, circulating supply is also limited.
