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

The VeChain Hackathon was launched in response to more and more projects looking to build their dApps on the VeChainThor blockchain.

VeChain Hackathon - Building the Future of VeChainThor! - BeInCrypto

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#Developers & #Web3 enthusiasts, the #VeChainHackathon is still ongoing!

Read on for details on how you could take home $30,000 $VeUSD building awesome tools or #dApps! 

Thank you, @beincrypto, for the coverage 🙌 

https://t.co/1wKlXrcsj8 $VET #SmartContract #Blockchain #Crypto
— VeChain Foundation May 3, 2022

#Developers & #Web3 enthusiasts, the #VeChainHackathon is still ongoing.