VeChain is a blockchain platform that implements distributed registries to reduce entry barriers, is compatible with smart contracts and is designed to improve the supply chain and accelerate the mass adoption of blockchain technology. Using the functions of meta transactions, the method of consensus with confirmation of authority (PoA), the management mechanism in the blockchain and a unique system with two tokens, the VeChainThor blockchain hopes to solve the problem of launching large-scale commercial decentralized applications (dApps).

VET news today, VeChain crypto latest news of token ticker

VeChain

VeThor token is a VIP-180 token, is the cost of using the VeChainThor blockchain and essentially represents the level of smart contracts on the network. Its main goal is to facilitate processes and transactions in the blockchain. VTHO is an integral part of VeChainThor's work.

VeThor Token news today, VTHO crypto latest news of token ticker

VeThor Token

Block finality is an indispensable property for a modern blockchain system. It provides an absolute security guarantee for blocks (and therefore, all the transactions packed in them) that satisfy certain conditions. We, at the VeChain blockchain dev team, have been pursuing this property along the way to improving our consensus algorithm.

PoA 2.0: Finality with One Bit

Telegram

POA2.0 update 

Our consensus mechanism upgrade to POA2.0 is a huge milestone towards the mainstreaming of #blockchain technology.

Fast, scalable & with instant finality, #VeChainThor + POA2.0 solves adoption obstacles facing the two common consensus types.

Witness the rise of a behemoth.

New to VeChain & POA2.0? Read more about it in a recent article from Chief Scientist, Peter Zhou:

https://www.vechain.org/poa-2-0-finality-with-one-bit/

https://twitter.com/vechainofficial/status/1543951056392052736?s=20&t=P8e2eke2Jz3wG4VO2Fcw_Q

0 update. Our consensus mechanism upgrade to POA2. 0 is a huge milestone towards the mainstreaming of #blockchain technology.