About VeChain

About VeChain

• Launch: VeChain was launched in 2015 as a private consortium network.
• Platform: It evolved into the VeChainThor public blockchain, a fully programmable EVM (Ethereum Virtual Machine) compatible L1 smart contract platform. It is designed to be adaptable to real-world needs.
• Applications: VeChainThor handles various applications, including supply chain, sustainability, carbon emissions, SDGs (Sustainable Development Goals), DeFi, NFTs, and more.
• Token Model & Consensus: It uses a unique two-token model for low and stable transaction costs.
  The network operates on an advanced Proof-of-Authority consensus mechanism, providing high throughput, scalability, and security with minimal energy consumption. The network has experienced zero downtime after 10 years of continuous operation.
• Global Presence: VeChain Technology pioneers real-world blockchain applications globally, with offices in China, Singapore, Luxembourg, Japan, France, San Marino, and the United States.