VeChain vet
What is VeChain?
VeChain (VET) is the native asset of VeChainThor, a public blockchain positioned as a trust layer for business, sustainability, and AI applications. It uses a dual-token economy with VTHO for fees.
What problem does VeChain solve?
Businesses need shared records verifiable across organizational boundaries. VeChain provides a public ledger for real-world workflows with predictable fee economics.
How does VeChain work?
VeChainThor uses Proof of Authority with known Authority Masternodes. VET is the value/staking asset; VTHO pays for transactions. StarGate enables validator and delegator participation.
Key facts
- Ticker: VET
- VeChainThor blockchain
- Dual-token: VET and VTHO
- Proof of Authority consensus
- ~10 second blocks
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Frequently asked questions
What is VeChain?
A public blockchain for verifiable real-world business workflows.
What is VTHO used for?
VTHO pays for transfers and smart-contract execution.
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