Introduction to VeChain

Overview of VeChain

VeChain is a leading blockchain platform best known for creating VeChainThor, a smart contract ecosystem built to drive real-world adoption of Web3 across industries. Founded in 2015 by Sunny Lu, VeChain has consistently worked to deliver a transparent, efficient, scalable, and adaptable blockchain solution.

Mission and Vision

VeChain's mission focuses on creating a digital ecosystem that promotes global sustainability and digital transformation.

The VeChainThor Blockchain

The VeChainThor blockchain is engineered for mass adoption, offering several key advantages:

• Interoperability: VeChainThor features an EVM and offers adapters to all major development frameworks.

• High reliability: Non-stop performance since its launch in 2018.

• Robust security: No reported hacks of the PoA consensus mechanism since its inception.

• Fee delegation: Allows sponsor accounts to pay transaction fees for users, reducing entry barriers.

• Sustainable consensus: Utilizes the eco-friendly PoA mechanism, ensuring security and scalability.

• Cost predictability: Dual-token system maintains stable transaction fees, even during high demand.

• Scalability: Supports innovative transaction models for asynchronous operations and transaction lifecycle dependencies.

Governance and Decentralization

VeChain embodies true decentralization, operating as an open, public network without centralized control. The ecosystem thrives on community support and promotion.

Strategic decisions are taken on the VeVote platform, where all stakeholders are heard to ensure the network's growth aligns with its core mission and values.

VeChain is a leading blockchain platform best known for creating VeChainThor, a smart contract ecosystem built to drive real-world adoption of Web3 across industries. Founded in 2015 by Sunny Lu, VeChain has consistently worked to deliver a transparent, efficient, scalable, and adaptable blockchain solution.