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What is VeChain Improvement Proposal (VIP)?

2023-11-08 14:21
1 min.
Daniel Rivera
Crypto Terms Glossary: What is VeChain Improvement Proposal (VIP)?

A VeChain Improvement Proposal (VIP) is a mechanism used by VeChain and its underlying VeChainThor blockchain to allow VeChain ecosystem participants and community members to propose changes to VeChain's protocol and development trajectory. There are four main types of VIPs: application, interface, information, and core. Once a VIP is proposed, the VIP's author is responsible for building consensus within the community and documenting dissenting opinions.

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