VeChain uses PoA for supply chain management and dApps.
VeChain is a blockchain platform for supply chain management, utilizing VET and VTHO tokens, Proof-of-Authority, and IoT integration to enhance transparency and efficiency.
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What is VeChain (VET)?
VeChain was established in 2015. Initially, it operated on the Ethereum network under the token name VEN. In 2017, the VeChain Thor mainnet was launched following a successful ICO. The platform is designed to enable businesses to develop and deploy decentralized applications, primarily focusing on supply chain management and business processes. Over time, VeChain has expanded to support various other use cases. The supply chain sector is vast and diverse, and VeChain aims to streamline complex supply chains using blockchain technology. Its system enhances efficiency, transparency, and traceability of products. Notable partners include Renault, PwC, and Microsoft. VeChain features a Proof-of-Authority (PoA) consensus mechanism, functioning as an IoT token layer that allows asset tracking on...
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VeChain price live information
As of now, VeChain is trading at 0.02954 USD, with a 24-hour trading volume of approximately 5.21M USD. The VET to USD price is updated in real time. Over the past 24 hours, VeChain has decreased by 7.95%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 2.54B USD. Currently, there are 85 985 041 177 VET in circulation out of a maximum supply of 85 985 041 177 VET.
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