What is vechain vtho?

VET is the VeChain token that is used to carry value or “smart money” from smart contracts. In other words, transactions on decentralized applications occurring on VeChain’s blockchain will use VET. It is available for investing by the general public. The VTHO token stands for VeChainThor Energy and is also known as VeThor Energy.

What is vechain (vet)?

VeChain is a blockchain platform designed to enhance supply chain management and business processes. Its goal is to streamline these processes and information flow for complex supply chains through the use of distributed ledger technology (DLT). The Vechain platform contains two distinct tokens: VeChain Token (VET) and VeChainThor Energy (VTHO).

What is vechainthor blockchain?

The VeChainThor blockchain platform is a public blockchain intended for “mass business adoption.” It has two tokens: VET and VTHO. VET is the VeChain token that is used to carry value or “smart money” from smart contracts. In other words, transactions on decentralized applications occurring on VeChain’s blockchain will use VET.

How does vechain work?

In another example, the VeChain platform can enable automobile owners to own their data and use it to negotiate better terms and policies with their insurance companies. VeChain was founded in 2015 by Sunny Lu, the former chief information officer (CIO) of Louis Vuitton China.