VeChain

Bitcoin

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 <p>VeChain made waves this week with the approval of a pioneering US patent that could significantly improve transaction efficiency on the blockchain.</p>
 <p>According to crypto researcher Collin Brown, the patent, granted on October 24, 2023, outlines a new method for processing multiple transactions. This approach is central to its design, as the network aims to enable widespread commercial adoption.</p>
 <p><strong>Also read:&nbsp;Ripple (XRP) Price Prediction: November 2023</strong></p>
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 <figure class="wp-block-image size-full"><img decoding="async" width="723" height="900" src="https://cdn.thebittimes.com/images/2023/11/07/e3bba958c111c178bdb702cd0eecfbb3.webp" alt class="wp-image-118062" srcset="https://cdn.thebittimes.com/images/2023/11/07/e3bba958c111c178bdb702cd0eecfbb3.webp 723w, https://cdn.thebittimes.com/images/2023/11/07/e3bba958c111c178bdb702cd0eecfbb3.webp 241w, https://cdn.thebittimes.com/images/2023/11/07/e3bba958c111c178bdb702cd0eecfbb3.webp 380w, https://cdn.thebittimes.com/images/2023/11/07/e3bba958c111c178bdb702cd0eecfbb3.webp 550w" sizes="(max-width: 723px) 100vw, 723px">
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 <h2 class="wp-block-heading" id="h-vechain-exhibited-notable-developments-in-2023">VeChain exhibited notable developments in 2023</h2>
 <p>This latest patent underscores <a rel="noopener noreferrer nofollow" title="VeChain" href="https://thebittimes.com/tag/vechain.html">VeChain</a>’s strengths in this regard and may help expand its accessibility to new markets while reinforcing growth in existing regions.</p>
 <p>It remains unclear how <a rel="noopener noreferrer nofollow" title="VeChain" href="https://thebittimes.com/tag/vechain.html">VeChain</a> will commercialize the patented blockchain technology. However, with rapidly growing interest in enterprise blockchain, finding the right partner to showcase these capabilities may prove straightforward.</p>
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 <p><a rel="noopener noreferrer nofollow" title="VeChain" href="https://thebittimes.com/tag/vechain.html">VeChain</a> could also look to integrate the patent with existing collaborations. The news comes as the team continues rolling out upgrades in 2023. Among these upgrades is a new whitepaper in March unveiling the <a rel="noopener noreferrer nofollow" title="VET" href="https://thebittimes.com/tag/vet.html">VET</a> 3.0 protocol.</p>
 <p>While this is a positive development, it remains to be seen how significantly the patent will impact <a rel="noopener noreferrer nofollow" title="VeChain" href="https://thebittimes.com/tag/vechain.html">VeChain</a>’s market standing. <a rel="noopener noreferrer nofollow" title="VET" href="https://thebittimes.com/tag/vet.html">VET</a> token value has surged by 5.2% over the last 24 hours, according to CoinMarketCap.</p>
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  <li>VeChain</li>
  <li>VET</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vechain-vet-secures-key-us-patent-for-blockchain-transactions-tbt69274.html">https://thebittimes.com/vechain-vet-secures-key-us-patent-for-blockchain-transactions-tbt69274.html</a></p>

VeChain: VET Secures Key US Patent For Blockchain Transactions

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