What is the technology behind VEN coin and how does it differentiate itself from other digital currencies?

3 answers

• Dec 19, 2021 · 3 years ago
  VEN coin utilizes a unique technology called VeChain Thor, which combines blockchain technology with IoT (Internet of Things). This allows for the seamless integration of physical assets into the digital world, enabling transparent and secure supply chain management. Unlike other digital currencies, VEN coin focuses specifically on providing solutions for businesses and industries, rather than being a general-purpose cryptocurrency. Its technology is designed to enhance efficiency, reduce costs, and improve trust in various sectors, such as logistics, retail, and healthcare.
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• Dec 19, 2021 · 3 years ago
  VEN coin's technology is built on a dual-token system, consisting of VET (VeChain Token) and VTHO (VeThor Token). VET is used for transferring value and participating in the network, while VTHO is used for paying for smart contract execution and other network fees. This dual-token system ensures that the network remains stable and scalable, while also providing incentives for token holders. This differentiation sets VEN coin apart from other digital currencies that may only have a single token or lack a clear tokenomics model.
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• Dec 19, 2021 · 3 years ago
  VEN coin, developed by VeChain, is one of the leading blockchain platforms for enterprise adoption. It offers a wide range of features and tools specifically tailored for businesses, such as asset digitization, supply chain management, and anti-counterfeiting measures. With its focus on real-world use cases and partnerships with major companies, VEN coin aims to bridge the gap between blockchain technology and traditional industries. By providing practical solutions and tangible benefits, VEN coin differentiates itself from other digital currencies that may still be in the early stages of adoption or lack real-world applications.
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