The YEM Foundation has provided detailed insights into the development of YEMChain v2.0, highlighting several key advancements:
Integration with Hyperledger Besu
YEMChain v2.0 is integrating with Hyperledger Besu, an open-source Ethereum client. This integration enables YEMChain to leverage the Ethereum Virtual Machine (EVM) protocol, facilitating features such as smart contracts, interoperability, tokenization, and enhanced security.
Private Network Implementation with IBFT 2.0 Consensus Protocol
The updated YEMChain will operate on a private network utilizing the IBFT 2.0 consensus protocol. This setup ensures both privacy and security while maintaining efficient transaction functionality.
Enhanced User Experience with a New Blockchain Explorer
A new blockchain explorer, designed to resemble popular platforms like etherscan.io, will be introduced. This enhancement aims to improve user experience by providing a familiar and intuitive interface for exploring blockchain data.
User-Friendly Transaction Features
YEMChain v2.0 plans to set gas prices to zero and implement low transaction fees, including fee waivers for specific transactions. These measures demonstrate a commitment to cost-effective and user-friendly blockchain interactions.
These developments reflect the YEM Foundation's dedication to enhancing the functionality, security, and user experience of the YEMChain ecosystem.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
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