The live price of VeChain is - per (VET / USD) with a current market cap of $2.44B USD. 24-hour trading volume is - USD. VET to USD price is updated in real-time. VeChain is -% in the last 24 hours with a circulating supply of 85.99B.
| Date Comparison | Amount Change | % Change |
|---|---|---|
| Today | - | 0% |
| 30 Days | - | 0% |
| 60 Days | - | 0% |
| 90 Days | - | 0% |
VeChain is a blockchain-based platform that aims to decentralize the supply chain industry and function as a decentralized application (DApp) ecosystem.
Initially, Vechain focused on leveraging the immutability and transparency of blockchain technology to enable supply chain industry organizations to effectively transmit and verify supply chain data. VeChain price is updated in real time on Binance.
With the launch of Vechain Thor mainnet in 2018, Vechain also began to expand its business scope from supply chain projects to developing general data solution DApps. Today, Vechain has become a widely used blockchain platform in the supply chain industry.
Vechain has currently reached cooperation with many well-known industry partners, including BMW, which uses Vechain technology to prevent car odometer fraud, and LVMH, which uses Vechain to track luxury goods.
VeChain is led by the Vechain Foundation and currently has offices in China, Europe, the United States, Singapore and Japan. VeChain is used to simplify data transfer and provenance in various industries, including consumer goods, automotive, food safety, carbon footprint tracking, and agriculture.
VeChain was co-founded by Lu Yang (former CIO of Louis Vuitton China) and Zhang Jie in 2015.
The VeChain ecosystem uses two tokens, VET and VTHOR. VET acts as a store of value and a means of transfer within the Vechain ecosystem, while VTHOR is used to pay transaction fees.
The maximum supply of VeChain tokens is 86.712 billion.
VeChain uses Proof of Authority (PoA) to reach consensus. Transactions on the Vechain blockchain are verified and committed in blocks by authoritative masternodes, which need to stake at least 25 million VET tokens and complete the identity verification process.
This architecture ensures that the Vechain network is highly secure despite being more centralized than permissionless blockchain networks.
VeChain leverages a semi-centralized permissioned consensus approach within its blockchain to provide a high level of security and reliability for mainstream organizations in the supply chain industry. As a result, Vechain has established important partnerships with major manufacturers around the world.
The VeChain to other currencies exchange rate?
