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0x31ED92f6e7E9272aC7f2202ced8C61bB3c896D5e
Crypto Exchange
VeChain (VET)
Purpose: Supply chain blockchain
Price for 1 VET
0,0249 $
0,89 %
Rank: 39 - Market Cap: 1,81 bn $
Comprehensive management solution, for instance through co-determination via voting rights
Private individuals cannot set up nodes
Proof of authority: authority masternodes append blocks to the blockchain
Authority masternodes require KYC verification and can decide whether they are publicly known
Tracking of digital assets on the blockchain
Smart contracts or dApps record transfer of ownership from company to company
Centralized further development of the blockchain by the VeChain Foundation.
VeChain Improvement Proposals (VIP) collects suggestions for improvements from the community
VeChain Identity (VID) for each object via NFC, RFID and QR codes to track supply chain and current status.
Identities are created by "mining" an SHA256 function
VID summarized in tags activated by software and stored on the blockchain
Nodes are set up and maintained exclusively by the participating companies
4 different types of nodes
Nodes receive rewards in the form of VTHO, authority masternodes even 30% of all VTHO consumed in transactions
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