{"id":26257,"date":"2024-02-14T18:25:19","date_gmt":"2024-02-14T18:25:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/vechain-adds-programmable-smart-contract-wallets-vet-soars\/"},"modified":"2024-02-14T18:25:19","modified_gmt":"2024-02-14T18:25:19","slug":"vechain-adds-programmable-smart-contract-wallets-vet-soars","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/vechain-adds-programmable-smart-contract-wallets-vet-soars\/","title":{"rendered":"Vechain adds programmable smart contract wallets, VET soars"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1640377957681-3e5323ad-0c82-4089-a7d3-d8b63fe7fb82-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1640377957681-3e5323ad-0c82-4089-a7d3-d8b63fe7fb82-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1640377957681-3e5323ad-0c82-4089-a7d3-d8b63fe7fb82-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2021\/12\/1640377957681-3e5323ad-0c82-4089-a7d3-d8b63fe7fb82-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">VeChain (VET) price rose 10% as Bitcoin spiked to briefly sit above $52k.<\/li>\n<li dir=\"ltr\">The gains also came as the L1 smart contract platform announced Account Abstraction (AA) was now live.<\/li>\n<li dir=\"ltr\">AA brings seamless interoperability and unlocks programmable smart contract wallets.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/vechain\/\">VeChain (VET)<\/a>, the enterprise-grade L1 <a href=\"https:\/\/coinjournal.net\/news\/tag\/smart-contracts\/\">smart contract<\/a> platform, has announced a major development in its blockchain ecosystem. Account Abstraction (AA) is live on VeChain, the platform said.<\/p>\n<h2 dir=\"ltr\">VeChain debuts Account Abstraction<\/h2>\n<p dir=\"ltr\">By going live, AA brings programmable smart contract wallets to VeChain, putting the blockchain platform at the forefront of shaping the next step in global adoption of crypto.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Account Abstraction (AA) is now live, opening up a whole new world for <a href=\"https:\/\/twitter.com\/hashtag\/VeChain?src=hash&amp;ref_src=twsrc%5Etfw\">#VeChain<\/a>.<\/p>\n<p>Not only does AA make interoperability seamless, but it also unlocks programmable smart contract wallets for a better user experience and improved security.<\/p>\n<p>Here\u2019s what it means for <a href=\"https:\/\/twitter.com\/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VET<\/a> \ud83e\uddf5\ud83d\udc47\ud83c\udffc <a href=\"https:\/\/t.co\/SecJ6OwnGu\">pic.twitter.com\/SecJ6OwnGu<\/a><\/p>\n<p>\u2014 vechain (@vechainofficial) <a href=\"https:\/\/twitter.com\/vechainofficial\/status\/1757766850501353740?ref_src=twsrc%5Etfw\">February 14, 2024<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">With account abstraction, VeChain is moving away from the traditional externally-owned accounts (EOAs) system. The new approach isn\u2019t just flexible and programmable, it enhances accounts\u2019 usability and security, the latter a key challenge in EOAs\u2019 public-private key model.<\/p>\n<p dir=\"ltr\">\u201c<em>By abstracting the transaction signing process, smart contract wallets improve user experience, making blockchain interactions smoother and more intuitive. There are security benefits, too \u2013 multisig authorization, account recovery methods, and transaction whitelists<\/em>,\u201d the VeChain team said in a <a href=\"https:\/\/twitter.com\/vechainofficial\/status\/1757766850501353740\" rel=\"noopener noreferrer\" target=\"_blank\">thread<\/a> on X.<\/p>\n<p dir=\"ltr\">According to the platform, this shift is a key step in the quest to bridge the gap between Web2 and Web3. The launch of smart contract wallets on the mainnet underscores VeChain\u2019s commitment towards global mass adoption of crypto and blockchain.<\/p>\n<h2 dir=\"ltr\">VET price soars<\/h2>\n<p dir=\"ltr\">VeChain\u2019s announcement came as the crypto community took note of <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-hits-51k-will-btc-reach-new-ath-before-halving\/\">Bitcoin\u2019s sharp price surge<\/a> on Wednesday. BTC rose to above $52,000 before paring some of the gains to hover above the $51k level. Meanwhile, VeChain\u2019s news about the much anticipated Account Abstraction (AA) helped push the <a href=\"https:\/\/coinjournal.net\/vechain\/\">price of VET<\/a> up by more than 10%.<\/p>\n<p dir=\"ltr\">VET traded to highs of $0.035, and crypto analyst Ali says the altcoin could spike to $0.054 in coming days.<\/p>\n<p dir=\"ltr\">\u201cIt feels like it will be a big week for #VeChain! If history repeats itself, $VET could be looking at a move to $0.054 this week, a brief correction until June, and then a bull run to $0.70 by November!\u201d Ali <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1757722426828280221\" rel=\"noopener noreferrer\" target=\"_blank\">noted<\/a> in a post on X.<\/p>\n<p dir=\"ltr\">VET price last traded above $0.05 in April 2022 and its all-time high of $0.28 was reached in April 2021.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/vechain-adds-programmable-smart-contract-wallets-vet-soars\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) VeChain (VET) price rose 10% as Bitcoin spiked to briefly sit above $52k. The gains also came as the L1 smart contract platform announced Account Abstraction (AA) was now live. AA brings seamless interoperability and unlocks programmable smart contract wallets. VeChain (VET), the [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":26258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26257"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=26257"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/26257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/26258"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=26257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=26257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=26257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}