A lot of things are happening in the world of blockchain and cryptocurrency right now, and no one can keep tabs on everything. Vechain is one of those projects which seemingly emerged out of nowhere and is now the 25th largest cryptocurrency by market cap. No one will deny that any blockchain - based project is of great interest to the world, although there are some question as to what sets vechain apart axactly.
THE IDEA BEHIND VECHAIN
It is not all that easy to come across information which describes what vechain does exactly. According to its website, vechain is the world's leading blockchain platform for product and information. That is a vague statement which echoes fair few companies in the blockchain industry right now. Leveraging the blockchain to build a trust - free and distributed business ecosystem doesn't explain much either. It does appear the team focuses on scable solutions, which is a positive note.
WHAT'S IN STORE FOR VECHAIN
As is always the case with blockchain - based projects, one has to wonder what the future holds for vechain. It seems the project will soon undergo a major rebranding to vechain thor blockchain. This means the existing VEN tokens will be converted to VET tokens. Moreover, there will be a proof - of - authority consensus model to ensure future development are aligned with the vision of the vechain foundation. Additionally there will be nodes and masternodes, albeit in very limited fashion. It's an interesting turn of events which may or may not have a positive impact on this particular project.