1 Level
9 Review
7 Karma
Review on VeChain by Shalini Saxena
VeChain blockchain uses the proof of authority
The VEN and VET are two coin system which is introduced in order to offer, longevity, flexibility, and stability. This will also help to prevent the transaction fees because of being in direct exposure to the volatility in the value of VET. This will make the VeChain Thor blockchain platform more suitable for performing financial and business activities in relation to the user and the government and ordinary organizations.
The VeChain blockchain has been so created as to be adopted on a wide range by the enterprises. The VeChain technology can achieve a balance between decentralization and efficiency.
Pros
- VeChain blockchain has been so created as to be adopted on a wide range by the enterprises.
- VeChain technology can achieve a balance between decentralization and efficiency.
Cons
- There are various reasons to invest in the VeChain but there are as many reasons to not invest in it.
- Balanced approach is semi-centralized and hence is not entirely decentralized like the other major cryptocurrencies.
