Vechain Thor (VET)

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VeChain Thor (VET) is a cryptocurrency made by Sunny Lu in 2014. It is a Blockchain-as-a-Service (BaaS) platform focused on delivering Internet of Things (IoT) solutions, particularly in the supply-chain management sector.

Originally started as VeChain (VEN) on the Ethereum network, the project rebranded to VeChain Thor in June 2018 after successfully migrating to its own blockchain. The project intends to provide retailers and consumers with the ability to determine the quality and authenticity of products along the entire supply-chain. The way it works is through a process of Asset Digitization in which manufacturers can assign products with unique individual identifiers. The identifiers use VeChains Identity (VID) technology to mark and track a product along the supply chain. The VIDs are produced using a SHA256 hash function which is then implemented into NFC, RFID chips and QR Codes through their proprietary Smart Chip. 

This process allows consumers and manufacturers to be able to scan the VID at any step along the supply chain and see the authenticity of the product. As the VIDs are created using blockchain technology, this means that the data is immutable and cannot be tampered with, therefore consumers are 100% sure that the information provided about the product is accurate according to the data inputted along the supply-chain. VeChain Thor also supports authorization-based on digital ownership management in which ownership of a physical good can be represented through the use of smart contracts.

VeChain Thor is not completely decentralized; instead, it uses a Proof-of-Authority (PoA) consensus mechanism in which 101 known validators produce blocks and maintain the blockchain.

In this tag you can discover VeChain Thor (VET) news, price prediction, opinion and analysis created by users.


What is VeChain (VET)?

2 Mar 2021 1 minute read 2 comments nervi

VeChain is a company founded in 2015. It provides comprehensive blockchain-based solutions for businesses and uses its VeChainThor blockchain to do so. The company has strong ties to Chinese industry. VeChain provides manufacturers, distributors and...

5 coins for LONG TERM HODLERS

26 Feb 2021 1 minute read 2 comments Pk24

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VET Correction over?

17 Feb 2021 1 minute read 2 comments The Infinite Banker

Hey Everyone, Vet has caught my eye scrolling thru my list.  It appears that its little consolidation could be over.   Below we see a blue ABC flat correction.   That correction is a 3-3-5 movement which is carved out in yellow.  Truncated C waves ar...

VeChain VET, using Ledger with both Sync desktop app and VeChainThor mobile

16 Feb 2021 2 minute read 0 comments skcrypto

So you own a Ledger Nano and bought some VET tokens. You want to store your VET tokens on your Ledger Wallet and discovered that Ledger only supports the new VeChain Sync App, which is a desktop app for Windows, Mac or Linux Did you know you can also...

Disorientation and corrections

16 Feb 2021 1 minute read 1 comment VNFC

I am losing some what is happening in crypto lately. I have at least a week with no info, so I don't know what to do now. We are in uptrend, it is a bull trap? How is the market sentiment, the volumes? What the most important actors do? They invest i...

Look At This Vechain (VET) Is Breaking Out Right Now

10 Feb 2021 1 minute read 0 comments moon333

  Click here to create an account on Binance, the best place to buy or sell VeChain   For exact buy and sell targets for this trade, and other harmonic trading signals you can join: https://www.patreon.com/moon333     Earn 310% ROI as passive income...

Vechain (VET) Look At This Perfect Hidden Bullish Divergence

9 Feb 2021 1 minute read 0 comments moon333

  Click here to create an account on Binance, the best place to buy or sell VeChain   For exact buy and sell targets for this trade, and other harmonic trading signals you can join: https://www.patreon.com/moon333     Earn 310% ROI as passive income...

Vechain (VET) Two Amazing Bullish Reversal Moves At The Same Time

8 Feb 2021 1 minute read 2 comments moon333

  Click here to create an account on Binance, the best place to buy or sell VeChain   For exact buy and sell targets for this trade, and other harmonic trading signals you can join: https://www.patreon.com/moon333     Earn 310% ROI as passive income...

2 cryptos to scalp with low risk

2 Feb 2021 1 minute read 1 comment Makingdigital

Trading is still a very effective method to make money fast but also the most effective method to lose it if you go with a lot of confidence. It doesn't behave like a casino but it almost is. No matter how much analysis you do, you cannot know what t...

VeChain is ready to take off in 2021.

31 Jan 2021 3 minute read 5 comments Mr. Valentine ❣️

Vechain is known as one of the most oldest and a very established blockchain projects in the crypto space, with its token, VET, that is currently ranked almost at the top 30 cryptocurrency by market cap. Whether you're new to cryptocurrency or a long...