We present a complete guide to understanding VeChain (VET) and VeThor (VTHO) Crypto and it’s technology in the field of cryptocurrency development. We include helpful explanations, illustrated guides, historical data, and technical details. This article is brought to you by Digital Financial Market
VeChainThor Blockchain
VeChain is an blockchain platform that aims to provide a secure and transparent method for supply chain management and business process improvement. It was originally founded as an Ethereum Token in 2015 and is headquartered in Singapore.
The VeChain community established an independent blockchain in 2018. The expanded blockchain, called VeChainThor, included a mainnet network built to support a 2 token system for the tokens VET and VTHO.
VeChain (VET) Cryptocurrency
The VeChain Cryptocurrency is platform built to utilize logistics tools and software for businesses to create solutions using cloud based blockchain integration. This includes examples such as cloud deployment and inventory warehousing systems.
VeThor (VTHO) Cryptocurrency
Intended to be a second layer to accelerate on-network transactions, the VeThor (VTHO) token is a subsidiary token that acts as a reward system for VET holders.
See VeChain Official Whitepaper
Key Points of VeChain Crypto
- Started as an Ethereum Token that now hosts its own blockchain
- Built to solve Ethereum gas/bottlenecks
- A 2 Token Ecosystem with VeChain & VeThor
- Intended for cloud solutions in Business, Logistics, Inventory, B2B & extended cloud applications
VeChain (VET) Price Chart
VeChain (VET) Historical Price Chart
VeChain Pros
- No longer a token on other chains, thus not limited to other cryptocurrency’s blockchain challenges
- Rewards of VTHO for Staking VET are beneficial
- Incentivizes to invest in VET long term, and trade VTHO frequently
- Created a successful ecosystem before establishing independent blockchain
VeChain Cons
- Formerly an Ethereum-Token
- Has 2 tokens, which may be unnecessarily complicated
- Has a lot of Corporate influences, (ex. Amazon)
- Uncertain of adoption cycle of this new technology
VeChain Crypto FAQ
VeChain Crypto Analysis
What is VeChainThor?
What is VeThor?
What is VeChain?
What is VeChain Crypto?
Is VeChain A Good Investment?
What is VET Token?
What is VTHO Token?
Is VET an Ethereum Token?
Is VET an ERC-20 Token?
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