VeChain VET
Applications and shared records.
VeChainThor is a public blockchain for applications and shared records. VET and VTHO have different roles in its economy.
What is VeChain?
VeChainThor runs smart contracts and records transfers. VET supports network participation, while VTHO pays transaction and smart-contract fees. Current staking rules link staked VET with VTHO generation. Holding the two tokens is not the same thing.
A blockchain record does not by itself prove that real-world input is accurate. Token and staking rules can change, and rewards are not guaranteed.
Why people pay attention
Applications
Smart contracts support services and shared records.
Two-token model
VET and VTHO perform different functions.
Network participation
Staking arrangements contribute to network operation.
Origins & development
VeChainThor mainnet began in June 2018. Later protocol upgrades changed its fee and staking arrangements; older descriptions may refer to earlier rules.
Explore more
Related stories and learning resources will be added after editorial review.
Sources & further reading
Draft — editorial review pending