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

We recently spent a phenomenal few days spent at Harvard with EasyA and Boston Consulting Group, joined by 200 talented devs hacking new #sustainability products and dApps on #vechain.

$46k in prizes, 11 winning teams and a bespoke grant program launched to help project builders…

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Amazing event! Brilliant groups of devs coming together to build new products and dApps in sustainability. Incredible to see what can be achieved in 36 hours! So proud to work with vechain! #web3forbetter @vechainofficial @BCG @easya_app

Amazing event. Brilliant groups of devs coming together to build new products and dApps in sustainability.