March 6, 2023
Tron (TRX)
Tron is a proof of stake cryptocurrency that has been built on the Tron blockchain network.
Bright Ideas: VeChain (VET)
VeChain is a blockchain platform designed to solve real work problems by enhancing supply chain management and business processes.
Price:
$0.02368
Mkt Cap:
$1,705,607,000
View Coin Page
Project Fundamentals
- VeChain uses enterprise blockchain software through distributed ledger technology to allow clients to benefit from digital transformation on a global scale.
- VeChain uses Proof of Authority consensus mechanism, which increases speed compared to PoW or PoS.
- VeChain’s first token is the VeChain Token (VET) used to transfer value across the network. This token has a fixed supply of 86.7 billion tokens. The second token on the network is VeThor Token (VTHO) which is used as a reward for staking and gas to power smart contract transactions.
Partnerships / Implementation
- VeChain has significant investments from leading companies like PwC, DNV, Breyer Capital, Fenbushi Capital, FutureCap and Draper Dragon.
- They are also partnered with major companies worldwide such as Walmart China, BMW Group, Shanghai Gas and many more.
- VeChain has several uses, including tracking high-value retail or automotive products lifecycle to verify authenticity.
- It also provides efficient unmodifiable data collection for logistics companies.
- Food safety traceability is another solution VeChain provides as they can track the origins, transport and entire process.
- VeChain provides several more solutions, including digital footprint management, liquified natural gas solution, digital content distribution, document management and agriculture management.
Roadmap and Announcements
- VeChain has significant investments from leading companies like PwC, DNV, Breyer Capital, Fenbushi Capital, FutureCap and Draper Dragon.
- They are also partnered with major companies worldwide such as Walmart China, BMW Group, Shanghai Gas and many more.
- VeChain has several uses, including tracking high-value retail or automotive products lifecycle to verify authenticity.
- It also provides efficient unmodifiable data collection for logistics companies.
- Food safety traceability is another solution VeChain provides as they can track the origins, transport and entire process.
- VeChain provides several more solutions, including digital footprint management, liquified natural gas solution, digital content distribution, document management and agriculture management.
Technical Analysis
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Polygon (MATIC)
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Fantom (FTM)
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Polygon (MATIC)
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Cosmos (ATOM)
Cosmos is an interoperability platform operating as a “decentralised network of independent parallel blockchains"
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Bitcoin (BTC)
Bitcoin is synonymous with cryptocurrency itself and has always been the largest by market capitalisation.
