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

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Vechain whitepaper summary

We recently launched our whitepaper, co-developed with Boston Consulting Group, detailing our approach to solving global sustainability challenges with blockchain.

In our latest article we summarise how vechain will lead real-world web3 adoption & meet ESG and SDG goals:

https://twitter.com/vechainofficial/status/1639266338563670029

Vechain whitepaper summary.