• About Us
  • Careers
  • Contact
No Result
View All Result
Wednesday, October 22, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home Articles

A Beginner’s Guide To Vechain

10 August 2021
in Articles, Opinion
Reading Time: 2 mins read
109 7
A Beginner's Guide To Vechain | DeFi Planet

source: Crypto Adventure

The underlying concept of Vechain is to improve the supply chain of businesses by leveraging on the innovations that blockchain technology offers. Its purpose is quite different compared to other cryptos out there because it is meant to improve the business activities like supply chain processes of both online and brick-and-mortar firms. 

This ecosystem wants to revolutionize the way businesses access information by offering them top-notch data concerning their products and activities. Vechain preaches about transparency in business activities. 

The Tokens 

In the Vechain ecosystem, two tokens reign supreme, which is VTHO and VET. Vechain is unlike other blockchain-based platforms that have only one utility token that makes the protocol function. Both tokens have different purposes within Vechain. For the VET- Vechain Token, its underlying purpose is to be the currency for transactions and market speculation on VeChain. As for its counterpart, VTHO- VeThor Token, it is the energy token that ensures that transactions and smart contracts run smoothly in the VeChain blockchain. Holders of VET can exchange their VET for VTHO on the chain. 

Vechain’s Origin Story

Vechain was created in China by BitSE in 2015 to solve the issues noticed in big businesses and startups. It leverages the features in blockchain technology to execute its incredible use cases while being built on the VeChainThor blockchain. The team behind this innovation is the Vechain Foundation, which operates from Singapore, and is in charge of ensuring that the ecosystem blossoms. 

Both the platform and its founders are respected greatly by businesses globally and have received awards. 

Why is Vechain Special? 

Every business including big and small ones can benefit from the innovative ecosystem that Vechain offers. As a BaaS (Blockchain-as-a-Service) platform, the platform allows developers to create innovative products for brands using the tools that Vechain offers like the ToolChain. 

The importance of smart contracts can’t be ignored because it is changing the way businesses carry out their activities. Businesses can incorporate smart contract transactions in their business activities with the ToolChain that Vechain offers. 

The use cases of Vechain are astronomical because they can be used in any business setting. With the innovations in this blockchain ecosystem, car owners can gather their data, own them, then use them to negotiate better terms with others like Insurance companies and other parties. 

Quality can be injected into a business through Vechain through the use of sensors and RFID, while the data gathered are sent to the immutable blockchain. Anyone can confirm the data stored on the blockchain to verify a claim. Any brand that has been fighting piracy can benefit from this. Vechain, the use cases seem to be increasing daily. 

Tags: BlockchaintechnologyCryptocurrency
Share67Tweet42Share12
Rose Nnamdi

Rose Nnamdi

Related Posts

Articles

Decentralized Timekeeping: Who Sets the Clock in Web3?

22 October 2025
Ethereum vs Bitcoin: Innovation vs Stability — Which Strategy Will Win the Next Decade?
Articles

Ethereum vs Bitcoin: Innovation vs Stability — Which Strategy Will Win the Next Decade?

19 October 2025
Should You Add Crypto to Your Retirement Portfolio or Avoid It for Its Volatility?
Articles

Should You Add Crypto to Your Retirement Portfolio or Avoid It for Its Volatility?

19 October 2025
The Ethics of Blockchain Time: Finality, Permanence, and Forgiveness
Articles

The Ethics of Blockchain Time: Finality, Permanence, and Forgiveness

19 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

Crypto in Latin America: Adoption Booms as Media Visibility Falls, Outset PR Finds

1 day ago

Your Weekend Crypto Roundup | October 2025 (Week 3)

5 days ago

Crypto in Latin America: Adoption Booms as Media Visibility Falls

1 week ago

Your Weekend Crypto Roundup | October 2025 (Week 2)

2 weeks ago

Your Weekend Crypto Roundup | October 2025 (Week 1)

3 weeks ago

What $1 Billion in Liquidations Means for Market Stability

3 weeks ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Bombastic Casino Unveils New Design and Enhanced Features

    bychainwire
    21 October 2025
    0

    Crypto Market Recovers as Liquidity Returns — Pepeto Announces $700K Giveaway and 221% Staking Rewards

    bychainwire
    21 October 2025
    0

    Limitless Prediction Market Closes $10M Seed Round Ahead of LMTS Token Launch

    bychainwire
    20 October 2025
    0

    Whale.io Introduces Crock Dentist Game and Exclusive RWA NFT Collection

    bychainwire
    20 October 2025
    0

    Bybit Card Honored as “the Best Performing Crypto Card” by Mastercard at EDGE 2025

    bychainwire
    20 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00