Blockchain

What is VeChain?

VeChain's mainnet was launched in June 2018, and the project has made significant progress since then, bringing many new partners into the VeChain ecosystem. Almost every month, the project announces a new collaboration or firm that is utilizing the VeChain technology.

What is VET and VETHO?

The VeChain eco-core system's token is VET. The key features of this coin are network distribution, peer-to-peer value transmission, value storage, and the generation of the gas token, VTHO.

The eco-gas system's token is VTHO. By merely holding on to their VET, they generate VTHO. Every transaction on the blockchain necessitates the completion of VTHO, particularly for individuals wishing to contribute to the network or establish smart contracts. 70% of the VTHO used in transactions is burnt, with the remaining 70% going to the node that verified the block in which the transaction took place.

How can be VeChain used?

From the manufacturing facility to the final delivery to the end user, the platform may track quality, authenticity, storage temperature, transportation medium, and last-mile delivery of a pharmaceutical pack or an alcohol bottle. VeChain achieves this purpose by employing smart chips, RFID tags, and sensors that broadcast important information onto the blockchain network, which can be viewed in real-time by authorized stakeholders.

Sensors allow all product parameters to be continuously monitored and any problems to be conveyed to the appropriate stakeholders. If a medication packet is stored outside of a defined temperature range, manufacturers and customers are notified, allowing for better service and quality control.

Website

Visit the official cryptocurrency website. It contains detailed valuable information about the coin and the project. You'll also find answers to frequently asked questions, various support and training tools, or interesting news and articles.

WhitePaper

WhitePaper is a basic informative document that contains a detailed description of a crypto project, its purpose, the idea of its creation, technical specifications, statistics, diagrams, roadmap, and other important facts, including information about the coin and its use and future potential. It is usually created by the founders or developers of a crypto project.