VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.
VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.
The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO generation rate. Such actions first require all-stakeholder community votes.
VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.
VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem which solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.
The platform uses two tokens, VET and VTHO, to manage and create value based on its VeChainThor public blockchain. VET generates VTHO and acts as the store of value and value transfer medium. VTHO is used to pay for GAS costs, separating the need to expend VET when writing data. This has the additional benefit of ensuring costs of using the network can be kept stable by tweaking certain variables such as the amount of VTHO required to service a transaction, or by increasing the VTHO generation rate. Such actions first require all-stakeholder community votes.
VeChain is leading the Real World Asset class of cryptocurrency, it is definitely going to the moon ole boy!
by VeThorVendetta December 4, 2024
Get the VeChain mug.Vecho is the most gorgeous, sweet, and freaky person you’ll ever know. She is really, really smart too. She is really good at school, very high gpa. you will never know someone like her. she is amazing. she has a really contagious smile and really really beautiful eyes, eyes you could get lost in. she has an obsession with snape from harry potter, its really cute. her hair is so soft and she gives the best hugs. she’s so funny and will always make you laugh. she has the best style, even when she doesn’t try she still looks so good. her skin is soft and she smells so so good.
Vecho is the best friend you’ll ever have
by NOAH1OLL May 16, 2025
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by Doomed Yaoi December 28, 2025
Get the Vecnut mug."Vecnaed" refers to when a character in fiction is killed by someone with psychic powers. This type of death involves the killer using their powers to make their victim levitate in mid air and then telepathically break multiple bones in their body, typically their spine, causing them to instantly die. The killer than drops their victim's lifeless body to the ground.
This is called being Vecnaed because it is famously used by Stranger Things antagonist, Vecna.
This is called being Vecnaed because it is famously used by Stranger Things antagonist, Vecna.
by Flibzy January 3, 2026
Get the Vecnaed mug."Vecna" is a character from DND popularized by Stranger Things Season 4. The Vecna Issue is when a mysterious form of media is given context, and isn't as mysterious anymore. Other examples would be giving "levels" to the Backrooms and adding random monsters into it as well.
1: Some people don't understand that fear of the unknown is the scariest type of fear.
2: Yeah, I didn't need to know Vecna created the Mind Flayer, now it's just kind of boring.
3: Yeah, I'd call that the Vecna Issue. When you add context to something that has none, making it way less scary.
1&2: I agree.
2: Yeah, I didn't need to know Vecna created the Mind Flayer, now it's just kind of boring.
3: Yeah, I'd call that the Vecna Issue. When you add context to something that has none, making it way less scary.
1&2: I agree.
by toadestool August 25, 2022
Get the the vecna issue mug.by Joe Bidones May 17, 2023
Get the Zachary Vecht mug.scalable vector graphics are images that can be scaled without loss of quality. can be shorten to SVG
by rk092 December 25, 2023
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