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What is VeChain


¿What is VeChain?

VeChain is a blockchain product that aims to improve supply chain, logistics control, and product legitimacy.

It promises to speed up the flow of information and the transfer of values quickly.

Officially launched by Sunny Liu in 2015.

¿What does it offer?

VeChain offers management and logistics solutions and IoT infrastructure and blockchain technology for business clients.

It offers to be a platform for developers of decentralized applications.

It offers organizations the ability to explore vast amounts of data such as quality, temperature, storage, and transportation status.

¿How does it work?

VeChain works based on the nodes that carry out all the transfers and speed up the movement of information.

Likewise, VeChain thor is a public block chain, whose purpose is to benefit from the commercial sector in a massive way.

VeChain thor has two tokens, VET is the vechain token that is used to carry smart money from Smarts, this means that the transactions in the dapps that run on the VeChain blocks use the VET token.

VTHO (VE CHAINTHOR ENERGY), is used to raise or boost transactions in vechain, at the same value of executing transactions in its Blockchain.

¿How is VeChain regulated?

It is not a fully decentralized platform, although it is a Blockchain platform, it has certain centralized features.

These are defended by the VeChain creator team, who claim that they are essential to guarantee the security of the network.

¿Why do people use VeChain?

People use VeChain, due to its great popularity for supply chain and logistics.

¿How is VeChain different from other projects?

Unlike other projects, VeChain aims to obtain an enterprise system platform that enables clear information development, apt collaboration, and high-speed transactions.

The network gives access to participation between entrepreneurs and consumers.

In addition, it has a continuous monitoring of its products through an identity encryption that they possess.

Finally, it has governance capabilities called PoA (Proof of Authority), this is an essential algorithm used to validate the product.

¿Where can i buy it?

One of the ways where you can buy VET is through Binance, since it has a great variety tradable in trade, you can exchange a cryptocurrency, fiat cryptocurrencies or simply use a debit or credit card to buy the stablecoin, they are also allowed bank deposits.

¿Where to find more information?

For more information such as movements, prices, explorers, contracts and more, you can visit the following link:

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