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What is VeChain (VET) & VeThor (VTHO)? | Should you buy VeChain (VET) or VeThor (VTHO)? - YouTube
Channel: FBE Capital
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today we look at what v-chain or v-e-t
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is and how it interacts with v-thor also
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known as v-t-h-o
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so what is v-chain well like many
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altcoins v-chain is a blockchain
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platform that in this case uses a
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two-token design
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one coin is called v-chain and the other
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is the energy or gas of the platform and
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this is called
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v thor or vtho now in a minute i'll get
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into the relationship between vet
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and vtho and which one you should buy
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but first let's look at what this
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blockchain platform actually does
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so the purpose of the vegan platform is
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to enhance complex supply chain
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management
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and product traceability because if you
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send the product from company a to
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company b
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you want to make sure that for instance
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one the product has not been altered
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during transport
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and two the product is actually in
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original coming from a legit factory
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to ensure this feature uses small chips
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and rfid tags to monitor and transmit
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all important product data to a
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distributed ledger making any changes to
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the product visible to everyone in the
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network this makes it near impossible to
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corrupt the data by a single entity
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and it establishes a transparent
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information flow between companies
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some real-world examples of this are
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implemented by major international
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corporations like bmw for instance who
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uses v-chain to prevent people from
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changing the odometer on a car
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and this allows you to know the true
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number of miles that were driven by that
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car
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another major company using v-chain is
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walmart who uses v-chain to ensure that
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your food is actually from the place it
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claims to be
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and this type of product verification
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usage is exactly what
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pricewaterhousecoopers is currently
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offering to its clients
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so to govern and use the platform you
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need to use vet
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and vtho coins vet is used for storing
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and transferring monetary value making
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it similar to most other
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cryptocurrencies
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in the fact that it can go way up in
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value and has a limited supply of
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86.7 billion coins in addition to this
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holding and staking vt gives users the
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ability to vote on any changes to the
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platform if you want to know more on how
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to make money staking vet
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then check out the how to stake feed
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chain video linked up here now vtho on
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the other hand is the so-called gas
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or energy of the v chain platform you
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use vtho coins to pay for transactions
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and thus the ability to read or write
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data to the ledger and the amount
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depends on the amount of data and the
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complexity of the application
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both vet and vtho can be bought on the
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open market
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however the beauty of the system is that
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holding vet will generate you
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vtho and the more vet you hold the more
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vtho you generate before you continue
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please like and subscribe to the channel
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for more finance and banking information
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so this means as more and more people
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are using the vechain network the need
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for vtho will go up and so will the
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price of vet however you should be aware
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that the price of etho is meant to be
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kept reasonably stable remember that
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holding and staking large amounts of vet
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gives you voting power and this allows
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you to vote on the amount of vtho
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generated since vtho is used to pay for
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all the transactions on the platform
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it is in everyone's interest if vtho
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remains relatively cheap you don't want
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to get a bitcoin or ethereum situation
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where transaction costs keep increasing
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to ridiculous amounts making the network
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unusable in large-scale real-world
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applications
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and this is exactly what the two-token
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design of v-chain prevents from
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occurring
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so putting all of this together it's
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clear that if you want to invest in
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v-chain and see your investment increase
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in value considerably you should buy
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vet and not vtho because in the short
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term vtho will still increase in value
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but eventually it will be slowed down
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and at some point might be actively
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devalued while vet can actually keep
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increasing in value depending on how
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much demand there is for the v
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chain platform the current v chain
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network uses a consensus model to
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validate all blockchain transactions and
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this model is called proof of authority
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which is a slight modification to the
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proof of stake model now there will only
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ever be 101 of these authority nodes
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also known as throttheim so they are the
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only ones that have actual hardware
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invested in a platform being an
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authority node gives you tons of
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benefits however to become one you must
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first have at least 25 million vet coins
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afterwards you must be handpicked by the
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vechain foundation to become part of the
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network the major benefit of operating
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the v10 platform in this way
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is that you get much higher processing
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speeds for all the blockchain
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transactions
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the downside however is that you create
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a more centralized authority
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in assigning users who are allowed to
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process the transaction so this sort of
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goes against the essence if you will of
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cryptocurrencies and causes some
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division in the world of crypto now the
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vechain foundation has acknowledged this
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flaw and is currently working on a more
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randomized way of assigning authority
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nodes this was the vechain explanation
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please like and subscribe to the channel
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for more finance and banking information
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