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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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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RT @NewsGagarin: 🛢 @vechainofficial technologies will help in biofuel production.

@UCONetwork began cooperating with the VeChain project t…

🛢 @vechainofficial technologies will help in biofuel production.

@UCONetwork began cooperating with the VeChain project to create a global platform for collecting, processing, and exchanging used cooking oil for biofuel production. https://t.co/oJ0WW6W9ar

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RT @NewsGagarin: @vechainofficial technologies will help in biofuel production.

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Curious about what makes #VeChain's transaction model superior to #Ethereum or other layer 1 #blockchains.

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