⚡ Today’s video is a little different! I am entering this video into a VeChain contest! I hope you enjoy and learn something new from this!
#VeChainVideoContest #VeChain #VeChainToolChain #VET #VTHO
⚡ VeChainThor Mainnet is changing the way we do business. It is helping to eliminate fraud/counterfeiting and increase accountability across many industries. Supply chain management and IOT (internet of things) are fully traceable thanks to VeChain. VeChain enables participants to collect data and store important information onto the blockchain. VeChain has two cryptocurrencies, VET and VTHO. By holding VET in your wallet, you generate VTHO. VTHO is used to power transactions, similar to putting gas in your car. VeChain has two types of nodes, authority and economic nodes. There will only be 101 authority nodes, which will be publicly known as:
⚡Authority Nodes: 25.000.000 VET
VeThor X Node – 600.000 VET
Strength X Node – 1.600.000 VET
Thunder X Node – 5.600.000 VET
Mjolnir X Node – 15.600.000 VET
Strength Node – 1.000.000 VET
Thunder Node – 5.000.000 VET
Mjolnir Masternode – 15.000.000 VET
Download VeChainThor Wallets Here:
Start Scanning Products with VeChain Pro App:
„Hey, I’m Anna. Today I’m going to be talking about how VeChain will change our future.
Let’s talk about the basics. VeChain is a verified blockchain.
The VeChain Blockchain platform supports the production of smart contracts.
These contracts take their own course of action to ensure a certain outcome, which eliminates the need of a third party.
That allows for decentralized apps which are meant to solve common enterprise issues.
VeChain runs on two cryptocurrencies, VET and VTHO.
VET is smart money, able to appreciate as the market does. It’s used to execute smart contracts, or as money to invest into ICO’s.
VET generates VTHO. So by holding VET, you will earn VTHO, which can then be used to pay for your transactions. VTHO is the element consumed by writing information to the blockchain.
When transactions rise, need for VTHO grows, and by default, so will VET, therefore increasing it’s value.
Now, let’s take a look at how it functions as a BaaS, or in other words, blockchain as a service.
This is where VeChain’s ToolChain comes in. It’s a new technology kit that has all of the vital hardware, software, and service protocols to get a business onto the VeChainThor blockchain.
Here’s an example. With food fraud on the rise, let’s use cheese. We know it comes from cows and we know it gets put into a refrigerator for us to buy. But, who can account for what happens to it during its entire lifetime?
VeChain adds RFID tags, NFC tags, or QR codes on products to be scanned to broadcast important information onto the blockchain network.
By scanning a QR code, on a desired good or product, consumers can see the sources of the ingredients, geographic locations, logistic information, and even temperature data on the specific product.
This is only a small glimpse of VeChain’s future. VeChain has solutions for the healthcare sector, sustainability products, and many other industries.
VeChain offers a solution to change the world and how we do business, by helping us trust each other again.
For more information, visit www.vechain.com“
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