VeChain (VET) Coin – Everything You Need to Know by CoinSwitch

What is VeChain ?

VeChain (vet) is a blockchain platform that enhances business processes and supply chain management. The primary purpose of the VeChain currency is to streamline the following procedures. It uses the Distributed Ledger Technology to make the flow of information smooth for complex supply chains. 

VeChain has devised two different tokens. The VeChain (VET) token is subjected to transfer value throughout the VeChain Network, which acts as a Value layer. 

VeChainThor Energy (VTHO) is used as a fuel to provide better sustainability to a transaction presided by Smart Contract and coherently forms the smart contract layer. It offers a full view of how an organization processes its information flow by extracting it from the data silos.