VeThor
Current price
$0.000639
−5.19%24h
LiveUpdated 49s ago
TodayVeThor drops 5.2%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour+0.95%
- 24 hours−5.19%
- 7 days−4.20%
- 30 days−12.78%
- 1 year−48.22%
VeThor's move in context
Lagging the market today
−5.19% today against −3.26% for the market as a whole, a gap of 1.9 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−4.2% over 7 days and −12.8% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About VeThor
Overview
VeThor Token (VTHO) is a utility token that powers the VeChainThor blockchain, designed to facilitate transactions and provide a seamless experience for developers and enterprises in various industries. The core mission of VeThor is to create an efficient and transparent ecosystem for businesses, focusing primarily on supply chain logistics, product verification, and data management. A distinguishing feature of VeThor is its dual-token architecture, which consists of the VeChain Token (VET) and the VeThor Token (VTHO). VET is used for value transfer, while VTHO is utilized to pay for transaction fees and access to the network.
Technical Features
VeThor operates on a Proof-of-Authority (PoA) consensus mechanism, which enhances its efficiency and scalability. PoA allows a limited number of approved validators to create new blocks and maintain the network, ensuring high throughput and low energy consumption compared to Proof-of-Work (PoW) systems. The VeChainThor blockchain also integrates a robust security model, including features such as multi-party computation and role-based access controls that enhance the security of decentralized applications (dApps) built on the platform. Furthermore, VeChain employs a unique technology stack that includes the VeChain ToolChain, enabling developers to create customized blockchain solutions without the complexities often associated with blockchain development.
Use Cases
The primary use cases of VeThor include enabling decentralized finance (DeFi) applications, facilitating smart contracts, and providing identity and data management solutions. In supply chain management, VeThor is utilized for tracking products from their origin to the end consumer, ensuring transparency and authenticity. Moreover, it plays a crucial role in enabling businesses to create and manage non-fungible tokens (NFTs) and facilitate their trade, allowing for unique digital assets to be easily verified and exchanged. Cross-border payments are also streamlined through the use of VeThor, reducing transaction times and costs associated with international transfers.
Development Background
VeThor was developed as part of the VeChain Foundation, which was established in 2015 by Sunny Lu, a former CIO of Louis Vuitton China. The project initially launched as a private blockchain before transitioning to a public blockchain in 2018. Significant milestones include partnerships with major corporations such as DNV GL, PwC, and Walmart China, which have integrated VeChain’s technologies into their operations. Since its inception, VeThor has evolved through various updates, enhancing its functionalities and ecosystem.
Community and Ecosystem
The VeThor ecosystem comprises a vibrant community of developers, enterprises, and enthusiasts. Numerous projects leverage VeThor's capabilities, including supply chain tracking platforms, sustainability initiatives, and health management systems. The VeChain Foundation actively supports developer engagement through resources, grants, and hackathons, encouraging innovation within its ecosystem. Additionally, partnerships with industry leaders further bolster its reach and application in real-world scenarios.
Future Potential
VeThor’s future potential is promising, driven by its unique technology, diverse use cases, and strategic partnerships. The roadmap includes enhancements in scalability, interoperability with other blockchains, and the development of tools to simplify the creation of dApps. As industries increasingly adopt blockchain technology for transparency and efficiency, VeThor is well-positioned to be a key player in these transformations, offering robust solutions tailored for modern business challenges.
VeThor market
- Position by market cap among the coins we track.
- #203
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $66.31M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.000607High $0.000675
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.0467
- Now 1% of itReached 29 Aug 2018 · Needs +7,210% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 103.77B VTHO
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- No limit listed
- The most coins that can ever exist. Some coins have no limit.
VeThor converter
1 VeThor = $0.000639
