VeChain
VETRank #93Data provided by CoinGecko
Performance
About VeChain
People use VeChain for supply chains, product provenance, sustainability and verifiable data, according to its developers. It is a public Layer-1 blockchain, run on its VeChainThor network, and VET is its native token, used as staking collateral.
VeChainThor runs EVM-compatible smart contracts, the self-executing programs behind those applications, and lets one transaction hold several clauses, with the option for another party to pay a user's fees. VeBetter, an app platform on the network, rewards actions the blockchain has verified as positive.
- Launched
- Aug 15, 2017
- Consensus
- Proof of Authority
- Created by
- Sunny Lu
- Category
- Layer 1
- Max supply
- 86.71B VET
VeChain news
All newsVeChain FAQ
VTHO is the second token on the VeChain network, and it is used to pay transaction fees and run smart contracts.
VeWorld is VeChain's wallet, where users hold their own keys, and VeWorld.ai is its platform for AI agents.
