VeChain price today.
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How the value of VeChain evolves
VeChain falls under the Blockchain-as-a-Service (BaaS) category because it leverages the capabilities of technology to address various challenges. Launched in 2016, it is one of the oldest platforms in the market dedicated to blockchain supply chain solutions. Additionally, VeChain (VET) operates on a proof of stake, requiring relatively low computing power to keep the network secure and maintain user consensus. You can quote, buy, and follow the Vechain price on our platform, Cryptomkt.
What is VeChain?
The VeChain blockchain and its cryptocurrency VET focus on enhancing supply chain traceability and streamlining the management process. VeChain features two internal tokens: VeChain (VET) and VeThor (VTHO). The dual-token system is designed to prevent price fluctuations and network congestion. VTHO is generated based on the VET that users hold, while VET itself has a fixed maximum supply of 86,712,634,466 tokens.
3 reasons to choose VeChain
1
Origin as a Verifier
Initially, VeChain was created to verify the authenticity of physical products, thereby solving the problem of fraud and counterfeiting. Today, thanks to the unique identifier each product possesses, VeChain enables comprehensive information tracking, a valuable factor for companies looking to optimize processes and provide greater transparency to their customers.
2
Security
VeChain focuses on supply chain security and product authenticity using advanced technologies, such as Radio Frequency Identification (RFID) technology and QR codes. These allow users to track and verify the authenticity and quality of products, helping to prevent counterfeiting and fraud.
3
Sustainability
VeChain is committed to sustainability and social responsibility, working to promote sustainable practices in the supply chain and generate environmental social value. The platform uses green technologies and aims to foster transparency and accountability at all stages of the supply chain.
