VeChain (VET)
| Market Cap | $1,363,008,290 |
|---|---|
| Trading Volume | $57,350,921 |
| Volume / Market Cap | 0.0421 |
| Total Supply | 85,985,041,177 VET |
| Max Supply | 86,712,634,466 VET |
VeChain is currently trading at $0.0188, after a price change of 2.14% in the last 24 hours.
Ranked as cryptocurrency #36 by capitalization today, VET market cap is valued at $1,363,008,290. VET trading volume reached $57,350,921 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on VET coin price prediction page.
VET Coin Price PredictionWhat is VeChain?
VeChain is a public blockchain network that facilitates the transfer of information at a lightning-fast pace. It was introduced in 2015 by Sunny Liu, and after serving as a Bitse subsidiary, it gradually became an independent company. The VET crypto coin operates on the VeChainThor blockchain network, supporting smart contracts and two distinct digital assets.
Here, the coin holders can control the lifecycle of the trades, setting the processing and execution times. Developers can process transactions in batches and decide on the processing sequence. They can also program them to be processed based on the execution of other deals. This way, they ensure all business requirements are being met.
It is not possible to mine the VET coin. It follows a proof-of-authority protocol, and the authenticators are always the majority members. To become an authenticator, one must possess a solid reputation — members of the network select authenticators based on a strict set of rules.
Unlike other consensus protocols where all nodes need to place their votes, in VeChain there are a few master nodes that take care of this task. It is not possible for a node to maintain anonymity.