What is VeChain and how it works.
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VeChain is a public blockchain platform designed to simplify supply chain management. Its native token, VET, is in the top 50 most popular cryptocurrencies list.
Blockchain technology has been hailed as a game-changer for businesses, with its decentralized and transparent traits offering numerous benefits.
However, the high costs of building and maintaining blockchain-powered applications have prevented many enterprises from fully tapping into their potential.
With the rise of distributed ledgers, many projects have tried to lower entry barriers. One such platform is VeChain, developed to increase the widespread adoption of blockchain technology.
In this article, we’ll look closely at VeChain, including what it is and how it works. We’ll also delve into the features that make VeChain stand out from other blockchain platforms, how to buy VeChain, and how VeChain staking works.
What is VeChain (VET)
VeChain is the brainchild of Sunny Lu, a former CIO of Louis Vuitton China. He expertly combined his knowledge of luxury goods with blockchain technology to create an internet of things (IoT) application for the supply chain management.
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