Today's VeChain Price Summary
VeChain's price today is $0.05 USD, with a 24-hour trading volume of $211,689,460 USD. VET
is up 0.16% in the last 24 hours. VeChain is currently ranked #39 with a
market capitalization of $3,541,540,633 USD.
VeChain is a unique blockchain platform designed to enhance the use of blockchain technology across various industries, with a particular focus on supply chain organizations. The platform addresses common issues such as lack of transparency and integration of financial and logistical services in businesses.
The VeChainThor Blockchain
The public blockchain, VeChainThor, serves as the foundation for an expandable enterprise blockchain ecosystem. Unlike Ethereum-based applications, which face challenges in governance framework and economic model, VeChain uses innovative solutions like meta-transaction features and a proof-of-authority (PoA) consensus method to address these issues.
Unique Two-Token System
The VeChain ecosystem operates on two tokens - VeChain Token (VET) and VeChainThor Energy (VTHO). VET is used for creating VTHO and making payments or remittances within the system. On the other hand, VTHO settles transaction fees and covers costs associated with the platform's operation.
Securing Transactions with PoA Consensus Algorithm
VeChain employs a PoA consensus algorithm that secures transactions on its network. This is achieved through a network of 101 Authority Masternode operators who uphold the governance rules of the VeChainThor blockchain.
Collaborative Product Development with VeChain Toolchain
One of VeChain's key offerings is the VeChain Toolchain - a product that allows companies to develop new services and products collaboratively. This tool provides platform-as-a-service (PaaS), software-as-a-service (SaaS), and blockchain-as-a-service (BaaS) capabilities.
VeChain NFT Ecosystem
In addition to its applications in supply chain management, VeChain also boasts a thriving nonfungible token (NFT) ecosystem. Its decentralized NFT marketplace, VeSea, allows for the creation and trading of VIP-181 tokens that are stored on the VeChain blockchain.
What is VeChain All-Time High price (ATH)?
On April 19th, 2021 01:08:21 AM, VeChain hit a historic high of $0.280991 USD.
It has been about 2 years ago since VeChain reached its peak.
What is VeChain All-Time Low price (ATL)?
On March 13th, 2020 02:29:59 AM, VeChain reached a bottoming price of $0.0019171300 USD.
About 3 years ago has passed VeChain has seen such a low price.