Cryptocurrency Q&A
What chain is VeChain on?
What chain is VeChain on?
GliderPulse
Sat Jun 15 2024
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7 answers
1343
Could you please elaborate on the blockchain technology that VeChain utilizes? I'm particularly interested in understanding which specific chain it's built upon. Is it a standalone blockchain, or does it rely on an existing platform? Furthermore, what are the advantages of this choice for VeChain's overall functionality and ecosystem? It would be helpful if you could provide a concise yet informative answer to these questions.
7 answers
GinsengBoostPowerBoostVitality
Mon Jun 17 2024
Initially, VEN, a cryptocurrency, was introduced onto the Ethereum blockchain, marking a significant milestone in the cryptosphere.
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amelia_harrison_architect
Mon Jun 17 2024
This launch was accompanied by a token crowdsale, successfully raising $20 million, indicating strong investor confidence in the project.
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Elena
Sun Jun 16 2024
VEN's popularity and potential were recognized by the crypto community, leading to increased interest and adoption.
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Martino
Sun Jun 16 2024
BTCC, a renowned UK-based cryptocurrency exchange, offers a comprehensive suite of services including spot trading, futures trading, and wallet storage.
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noah_doe_writer
Sun Jun 16 2024
However, as VeChain's own blockchain, the VeChainThor blockchain, was launched, a transition was necessary.
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