What is VeChain (VET)?
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Our take on VeChainSupply chains are difficult to trace and goods (e.g. luxury bags) are often counterfeited. VeChain brings IOT data onto the blockchain and thus offers a solution to these problems. The blockchain is relatively centralized because the VeChain Foundation determines the validators. However, since the blockchain is primarily focused on businesses, decentralization is not as important to them. Through this compromise, VeChain manages to enable a fast blockchain with low transaction costs.
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Interesting facts about VeChainHere are some facts you may not already know about VeChain. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
The centrally determined VeChain Foundation members decide on the VeChain governance and thereby also on the selection of the validators.
Transactions are validated by using Proof-of-Authority, with validators determined by the VeChain Foundation.
VeChain is a supply chain solution that enables the tracking and authentication of goods.
VeChain reviews from the cryptohunt communityDive deeper into the different opinions about VeChain and learn how others feels about it.
VeChain is much more than a "supply chain solution on blockchain." VeChain is a full-fledged Layer 1 solution with countless possibilities of dApps and use cases. VeChain has patented IoT solutions and several high-profile working relationships with firms like DNV, PwC, BYD, and more.
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