What is VeChain?
VeChain Thor (VET) is the blockchain created to “solve the problems of the real world economy”. VeChain’s key features are:
- Professional Global Team: VeChain is one of the world’s first blockchain technology companies with headquarters in China, USA, Singapore and Europe.
- Applicability in multiple fields: VeChain is applied by businesses in the food safety industry, luxury goods, consumer goods, machinery engines, …
- Easy-to-use platform: Secure blockchain infrastructure with turnkey solutions, ensuring fast transaction processing for businesses and developers.
- Extensive Partner Network: VeChain’s business ecosystem includes a variety of business and technology partners that drive blockchain application adoption and innovation by empowering each other, creating exponential value. multiplied for all network participants.
Outstanding technology of VeChain
VeChain uses a Proof of Authority (PoA) consensus mechanism. PoA is a Byzantine Fault Tolerant probabilistic consensus mechanism, based on HotStuff and Authority Masternodes (AM) associated with verified identities. The core protocol of the Vechain Thor blockchain has four meta transaction features:
- Controllable transaction round;
- Multi-party payment (MPP);
- Multi-tasking transaction (MTT);
- Depends on the transaction.
VeChain ToolChain is a self-developed comprehensive blockchain application platform powered by the VeChainThor blockchain. With BaaS, PaaS, SaaS services, VeChain ToolChain focuses on transparency, providing information on product legacy data, creating value for both consumers, brands and chain participants supply. It allows businesses of all sizes to leverage blockchain technology to create new services and products.
Token VET
VET is the cryptocurrency of the VeChain blockchain platform, which has the following uses:
- To pay transaction fees;
- To operate business operations running on VechainThor Blockchain;
- To participate in blockchain platform governance.
Specifications
- Ticker: VET
- Blockchain: VechainThor
- Token standard: VIP180, VIP181
- Average transaction time: 10,000 TPS
- Average block time: 10 seconds
- Total supply: 86,712,634,466 VET
- Circulating supply: 64,320,000,000 VET
VET token Price today
How to buy VET
VeChain (VET) has been listed on Attlas Exchange.
Traders can easily and securely buy VET with lowest fees on Attlas Exchange.
Step 1: Download the app and register an account
Step 2: Select Market on the toolbar at the main screen
Step 3: Select Spot
Step 4: Find VET
Step 5: Select Buy
Summary
This article is an overview of VeChain (VET), not a financial advice.
Users are advised to do their own research before making any trading decisions.