VeChain is a leading project with blockchain enabled platform. It aims at building a bridge between blockchain technology and real world by providing a semi-decentralized governance structure, advanced IoT integration, high scalability and flexibility for Real Enterprise use.
Coin Specs
About
VeChain is a Singapore-based company with a decentralized blockchain platform enabled with smart contracts and network of Masternodes. It was established in the year 2015 and aims at building a trust-free and distributed business ecosystem platform to enable transparent information flow, efficient collaboration, and high-speed value transfers. VeChain implements Proof of Authority (PoA) consensus to its blockchain protocol which eliminates the need to spend a huge amount of electric power to validate the blocks and solves the scalability issues. Its native currency VET is used as the smart payment currency to run business activities on its blockchain.VeChainThor (VTHO)

Prominent Features of VeChain Ecosystem
Unique Governance Model

Economic Model and Design
As discussed earlier, VeChain Thor is a platform that conducts its operations using two smart currencies namely VET and VTHO. VTHO is passively generated by holding VET and thus any user with VeChain Tokens (VET) can make transactions at no extra cost if he/she holds the tokens for a considerable period. The basic principle of designing such as model is to prevent transaction fees from being directly exposed to the volatility of the price of VeChain tokens thus making it more suitable for conducting business related activities. VET can be termed as the ‘smart money’ of the platform which enables business and financial activities whereas VTHO is the ‘energy’ of the platform which executes smart contracts transactions and payment transactions.Proof of Authority (PoA) algorithm and State-of-the-art IoT Solutions
In PoA-based networks transactions and blocks are validated by selected individuals known as validators. PoA is cost and energy efficient and is also immune to 51% attacks as the trust is distributed and it only allows non-consecutive block approval from any one validator. Use of PoA algorithm makes VeChain partly decentralized and partly centralized thus reducing the risk of network attacks.Internet of Things (IoT) is a fast-growing technology which connects the real-world objects such as automobile, buildings etc with intelligent sensors to exchange and collect data. VeChain is using this technology to build its platform and develop real world applications in fields such as Fashion and Luxury, Food Safety, Automobiles, Supply Chain, Agricultural Industry, Government Affairs etc.Team

Roadmap?

Exchanges




Masternode
The VeChain Masternode is subdivided into Authority Masternodes and Economy Masternodes. It is designed to bring about a comprehensive enterprise focused blockchain ecosystem.Authority Masternodes are the full nodes that create block records and validate all blockchain transactions whereas Economic Masternodes offer stability to the network and act as distribution of voting power which influences the governance.There can only be maximum 101 Authority Masternodes each requiring staking a collateral of 25,000,000 VET (25M VET) and Verified Identity by completing the ‘Know Your Customer’ (KYC) verification in the VeVID portal.Economy Masternodes are further sub-divided into 3 categories depending upon the staking collateral amount as stated below:Mjolnir Masternode: 15,000,000 VETThunder Masternode: 5,000,000 VETStrength Masternode: 1,000,000 VETUseful links
- Website
- Whitepaper
- Explorer
- Discord channel
- Announcement
- Source code
