VeChain is a blockchain-based platform that uses the Ethereum network. It aims to provide a secure and transparent platform for businesses to manage their transactions. VeChain also offers a suite of services that allow users to track products, identify counterfeit goods, and more.
The Founders of VeChain (VET) token
The VeChain Foundation is a non-profit organization that was founded in 2014 by Sunny Lu and Feng Han.
Bio of the founder
The VeChain Foundation was founded in Singapore on December 18, 2017 by Sunny Lu and Jehan Chu. The Foundation is a non-profit organization that aims to build a trust-free and distributed business ecosystem with the VeChainThor blockchain.
Why are VeChain (VET) Valuable?
VeChain is valuable because it is a blockchain platform that allows for the tracking of products and information throughout the supply chain. This allows for more efficient and secure transactions, as well as improved transparency. Additionally, VeChain has a strong community behind it, which helps to support its growth.
Best Alternatives to VeChain (VET)
1. NEO
NEO is a Chinese blockchain platform that provides a decentralized network for digital assets and smart contracts. It aims to create a digital economy with a distributed ledger and smart contract system.
2. IOTA
IOTA is a blockchain-based platform for the development of IoT applications. It offers developers an innovative solution for the lack of scalability and transaction fees associated with other blockchain platforms.
3. EOS
EOS is an open-source, decentralized operating system that allows for quick and easy deployment of applications on the blockchain. It offers developers more control over their data and applications, as well as higher performance than other blockchain platforms.
Investors
VET is a cryptocurrency that is based on the Ethereum blockchain. It is an ERC20 token and was created in March 2017. VET has a total supply of 100 million tokens and its price at the time of writing is $0.033.
At the time of writing, VET had a market cap of $1.2 billion and was ranked number 12 on CoinMarketCap’s list of top cryptocurrencies.
Why invest in VeChain (VET)
VeChain is a blockchain platform that aims to provide a secure and transparent platform for business transactions. The VeChainThor blockchain is designed to enable efficient and secure transactions between businesses. VeChain also offers a suite of services that allow companies to track products from production to consumption, manage data integrity, and create a trust network for business interactions.
VeChain (VET) Partnerships and relationship
VeChain is partnered with a number of organizations, including DNV GL, PwC, and Microsoft. These partnerships help VeChain to develop its technology and expand its reach. DNV GL is a global quality assurance and risk management company that works with businesses in the maritime, oil and gas, food and beverage, and other industries. PwC is a multinational professional services firm that provides audit, tax, consulting, and financial advisory services. Microsoft is a multinational technology company that develops software products for businesses and consumers. These partnerships help VeChain to develop its technology and expand its reach.
Good features of VeChain (VET)
1. VeChain is a blockchain platform that allows for the tracking of products and assets from production to consumption.
2. VeChain’s blockchain platform can be used to create a tamper-proof record of products and assets.
3. VeChain has partnerships with some of the world’s largest companies, including PwC, DNV GL, and Microsoft Azure.
How to
VeChain is a blockchain platform that allows for the creation of a digital asset management system. The VeChainThor platform allows for the tracking of products and assets from production to consumption.
How to begin withVeChain (VET)
VeChain is a blockchain platform that aims to provide a secure and transparent platform for business transactions. The VeChainThor blockchain is designed to provide a robust infrastructure for data management, financial services, and other applications.
Supply & Distribution
VeChain is a blockchain platform that allows for the secure, transparent and efficient management of assets. VeChain operates a decentralized network of nodes that allows for the creation of a tamper-proof ledger. The VeChainThor blockchain is used to track transactions and contracts. VeChain also has a proprietary coin, VET, which can be used to pay for services on the platform. The VeChain Foundation oversees the development of the VeChain platform.
Proof type of VeChain (VET)
The Proof type of VeChain is a proof-of-stake.
Algorithm
The algorithm of VeChain is a distributed public blockchain platform with a native token, VET. It uses a Proof-of-Authority consensus mechanism and has an adjustable block time of 2.5 minutes.
Main wallets
There are a few VeChain (VET) wallets available, but the most popular ones are the VeChainThor Wallet and the VeChain Explorer.
Which are the main VeChain (VET) exchanges
The main VeChain (VET) exchanges are Binance, Huobi, and OKEx.
