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16 Review
37 Karma

Review on VeChain by No David

Revainrating 5 out of 5

With reference to the experience of corporate governance structure, the…

With reference to the experience of corporate governance structure, the foundation will set up functional Committees, including the strategic decision-making Committee, the technical audit Committee, the remuneration and Nomination Committee and the public relations Committee. VeChain has signed up several other global enterprise-level companies that desire similar functionality, such as Kuehne & Nagel (international sea and air freight).



Pros
  • VeChain foundation introduced a two-coin system, namely, VET and VeThor. This has been done to provide stability, longevity, and flexibility. It will also help in the prevention of transactional fees being directly exposed to the volatility in the price of VET. It differentiates itself technologically both by having a centralized, top-down development process as opposed to the open contribution model favored by other cryptocurrencies and by using Proof-of-Authority.
Cons
  • where users come together and discuss ideas, Great team and community no problems.

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