• Market Cap
    $400.217B 1.43%
  • POW Market Cap
    $309.829B 2.85%
  • POS Market Cap
    $19.300B 0.45%
  • Masternodes Market Cap
    $1.212B -1.38%

Vechain is a Chinese company founded in 2015 by Sunny Lu using blockchain to ensure the authenticity of products with its own currency, VET (formerly VEN). The Vechain vision is to allow to trace from A to Z the life cycle of a product, thus, to prove its authenticity. By using blockchain, companies can be sure that the information has not been compromised. The products are traced and have an ID using QR codes, NFC chips or RFID chips. The whole system is based on a proof-of-authority consensus that does not require miners as all transactions and blocks are processed by validators that replace miners.

This data was last updated 2020-10-28 08:41:34 UTC

Details

MarketCap
731.257M
MarketCap 24hr Change
-0.82%
MarketCap Rank
30
Total Supply
86712634466
Circulating Supply
64.850B
Volume
99.164M
ATH
0.0263716
Launched
2017-08-15

Technical Details

Blockchain
Own Blockchain
Consensus
Proof of Authority (PoA)
Staking APR
0.90
Block Time
N/A
Algorithm
Proof of Stake + Masternodes
$0.01
-1.44%
$731.257M
Marketcap
$99.164M
Volume
86.713B VET
Total Supply
64.850B VET
Circ. Supply
24H
-1.44%
7D
3.90%
30D
-12.04%
Last 7D
3.90%

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