VeChain
Price
VET
VeChain Fundamental Analysis
What Is VET?
VeChain (VET) stands as a game-changer in the crypto realm, specializing in blockchain solutions for supply chain management and business operations. With a focus on transparency and efficiency, VeChain has made a mark across diverse industries.
Conceived in 2015 by Sunny Lu, former CIO of Louis Vuitton China, VeChain initially took roots on the Ethereum blockchain before transitioning to its independent mainnet, VeChainThor, in 2018. The objective was clear – address supply chain complexities and combat counterfeiting.
How does VET work?
VeChain operates on its dedicated blockchain, VeChainThor, boasting a distinctive dual-token system. VET, the primary cryptocurrency, facilitates transactions and holds intrinsic value. Complementing this, VTHO (VeThor Token) is generated through VET holdings, fueling smart contracts and various network functionalities. Employing a Proof of Authority (PoA) consensus mechanism ensures a balanced blend of decentralization and efficiency.
Value Analysis of VET
- Supply Chain Solutions: Redefining transparency in supply chains, VeChain empowers businesses and consumers to trace the authenticity and origins of products.
- Corporate Adoption: VeChain's strategic alliances with major enterprises underscore its real-world impact, integrating blockchain into logistical and business processes.
- Dual-Token Innovation: The unique dual-token system provides a seamless infrastructure for transactions and computational needs, setting VeChainThor apart.
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Release Time：
2017-08-22
