Launched in 2015 in Shanghai, Vechain is a Blockchain-as-a-Service (BaaS) company that helps businesses make the best out of various custom-tailored blockchain solutions. The company has established a strong international presence, launched a wide range of real-life applications, and even got certified in Europe.
Vechain blockchain – VeChainThor – is highly scalable and allows developers to build their applications on top of it. It also has a smart contract functionality and uses an advanced consensus algorithm for impeccable security.
Vechain crypto (VET) is a native currency of Vechain. It acts as fuel when executing transactions and transferring value within the VechainThor blockchain. Although Vechain value is not as high as many other coins, the platform proved itself by delivering numerous real-life applications. The platform also introduced the second token - VTHO. Similar to gas in Ethereum, VTHO is used to carry out smart contracts.VET Payment Benefits:
Vechain has a large global community of Vechain token holders supporting the platform
The new version of Vechain consensus algorithm PoA 2.0 ensures that all VET transactions are safe and secure
Vechain tokens can be bought on the majority of exchanges and kept on various custodial and non-custodial wallets.