Posted January 10, 2021
About VeChain - The Future of Cryptocurrency Investment
VeChain is another blockchain technology that meets the enterprise-level requirements. It caters improve the data management system and enhancing the supply chain of any organization. The technology supports the interdepartmental functionalities and makes the business ideal to supply chain protocols. Here are some special factors of Vechain that supports the organization as a whole and serious company.
It was the first blockchain technology:
The Cryptocurrency market is backed with the advanced blockchain technology that operates the entire system. However, Vechain was the first blockchain introduced in the niche.
Focues On Product Lifecycle Management:
VeChain uses blockchain and IoT to implement the traceability factors of the entire product management cycle. Through this technology, a consumer can know every detail of the product they buy. Moreover, it supports business owners with chain logistics.
Communication And Data Management:
Apart from serving business profile clientele in their product life cycle, it serves as an awesome technology for data management. In general, delay in data transmission and lack of transparency in data is the major issues. VeChain technology eradicates such issues and resolves data communication issues.
The Philosophy Behind VeChain:
Blockchain technology is used to build a virtual platform where decentralization on the web is the ultimate goal. However, the evolution of VeChain was to build a platform that integrates the features of both sectors. It integrated the DeFi (decentralized finance) and CeFi (centralized finance) to create a balanced platform for data management for collaborations and valued data transfer.
The Cryptocurrency Of VeChain:
VeChain has the Cryptocurrency called VET and you can invest it on any crypto exchange. It ranks 22nd in the Cryptocurrencies traded globally. An investor can trade in VET and even enter into smart contracts within the parties.
The platform has also introduced a proprietary consensus mechanism known as Proof-of-Authority (PoA). It is used to maintain system continuity. The value of VeChain is USD 0.016553. Initially, the company started with blockchain technology for companies to enhance the supply chain. However, in 2017 it rebranded itself as VeChainThor blockchain for decentralized applications (dApps).
Where & How To Buy VeChain?
VeChain (VET) is available on most of the crypto exchanges. These platforms are easy to access and provide thousands of coins to trade with. However, there are three main platforms from where you can purchase them easily.
Binance: It is the world’s largest platform for Cryptocurrency exchange. You can complete the registration in ten minutes and get your account verified. After verification, you can purchase a wallet system of your choice and start trading.
Kraken: If you want to be a successful crypto trader in seconds, sign up for Kraken. This versatile platform gives you the benefit to trade in your way with flexibility.
CEX.IO: Buying crypto was never that easy. CEX.IO is a popular crypto trading platform having investors from worldwide. It is safe and secure.
Why Should You Invest In VeChain?
Investment trend forecasts had conveyed that the value of VET may reach $2.00 by 2020 making it an excellent long-term investment option for higher returns.