5 C
19 November, 2018

About VeChain

VeChain is the world\\\\\\’s leading blockchain platform that offers Blockchain-as-a-Service to companies for their products and related information. By using blockchain technology, VeChain strives to build a trust-free and distributed business environment that is self-circulating and scalable. Through effective partnerships, companies can benefit from the benefits of transparency and value streams at high speeds. The VeChain blockchain platform has been in use for more than two years. Over the years, VeChain had the privilege to work with many companies and gained a lot of experience with project implementation in different industries.

The application was developed in Agile, but VeChain announced plans at the end of 2017 to evolve into Enterprise DApp solutions similar to Ethereum and will be called VeChain Thor.

The new platform will use two different tokens:

  • VeChain Tokens (VET)
    payment currency to carry out business activities on the blockchain. The more tokens you have, the more rights you have.
  • Thor Power (THOR)
    VET holders receive THOR that they can use to execute smart contracts and execute applications on the blockchain. This is comparable to the GAS tokens of NEO.
    THOR tokens are subordinate to VET tokens.

VeChain was developed by a team led by Sunny Lu

Technical information

Start Date 19 July 2017 (appr. 10 months)
Hashing Algorithm /
Hash Rate /
Block Time /
Homepage https://www.vechain.com/
Blockchain / Supply https://etherscan.io/token/0xd850942ef8811f2a866692a623011bde52a462c1
Discussion Forum https://bitcointalk.org/‎
Availability / Total Supply 526 Million / 873 Million

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Actual coin data

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