1 Level
15 Review
1 Karma
Review on VeChain by Chidi Umelo
VET's Name-Value Storage is a simple yet powerful concept that allows you to…
VET's Name-Value Storage is a simple yet powerful concept that allows you to store arbitrary data within the blockchain. This has already allowed a range of distributed services, from a decentralized network. Although VET supports traditional PoW mining and merged mining with Bitcoin, its main mechanism is Proof-of-Stake mining. This eliminates the “arm’s race” for mining capacity.
Pros
- VET is an open-sourced peer-to-peer cryptocurrency which forked from Peercoin in 2014. It uses both Proof-of-Stake and Proof-of-Work mining protocols. Developers describe VET as more of a development platform than a cryptocurrency.
Cons
- VET also benefits from an active and creative user community, where users come together and discuss ideas, Great team and community no problems.
