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).

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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.

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VeThor Token

#Vechain X What is it (not) $VET is not a supplychain (SC) coin. VeChain is a public blockchain (like $ETH) on-which you can build anything you want. The reason a lot of people think that $VET is a SC coin is that a lot of the first usecases built on VeChain are SC related. 1/8

MartyFly Ⓥ Ⓦ | 👨‍🎓 = 🔑 | 🦋

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A great thread from OG VeFam. 

VeChainThor is a Layer1 public Blockchain built to solve adoption hurdles faced by Ethereum & unleash the power of #SmartContracts on the real economy. 

- Paying gas fees 
- Stable Tx costs 
- Scalability & congestion 
+ much more 

Solved by $VET 

https://t.co/FeYdtTCV3N
— VeChain Foundation (@vechainofficial) May 4, 2022