Launched in 2015 as a private consortium network, the VeChain Foundation went on to develop the VeChainThor public blockchain, an EVM compatible layer one smart contract platform adaptable to wide-ranging real-world needs. It has currently been deployed across supply chain, sustainability initiatives, carbon emission management, SDGs, the automotive sector, medicine, energy and more.
VeChainThor's unique two-token model ensures low and stable transaction costs while an advanced Proof-of-Authority consensus mechanism guarantees high throughput, scalability, and security with minimal energy consumption. Network performance to date has resulted in zero downtime after 3+ years of continuous operation. Other unique features include fee delegation, with users unburdened by gas fees, providing a seamless user experience.
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Launched in 2015 as a private consortium network, the VeChain Foundation went on to develop the VeChainThor public blockchain, an EVM compatible layer one smart contract platform adaptable to wide-ranging real-world needs. It has currently been deployed across supply chain, sustainability initiatives, carbon emission management, SDGs, the automotive sector, medicine, energy and more.
VeChainThor's unique two-token model ensures low and stable transaction costs while an advanced Proof-of-Authority consensus mechanism guarantees high throughput, scalability, and security with minimal energy consumption. Network performance to date has resulted in zero downtime after 3+ years of continuous operation. Other unique features include fee delegation, with users unburdened by gas fees, providing a seamless user experience.
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