Deep Dive
1. Purpose and use
VeChain aims to make records about products and business processes easier to share and verify. For example, a company could record a product’s journey through a supply chain, or publish information used for a digital product passport. The blockchain makes recorded data harder to alter, but cannot by itself confirm that the information entered was true. (VeChain documentation)
2. Network and technology
VeChainThor is a public Layer 1 blockchain: a base network on which applications and smart contracts can run. It is EVM‑compatible, meaning developers can use tools designed for Ethereum. Since the Hayabusa upgrade on December 2, 2025, the network has used delegated proof of stake, where VET holders can help secure the network by validating or delegating their stake. (VeChain overview)
3. VET and VTHO
VeChain separates its token roles. VET is the native asset used for staking and network security, while VTHO is spent on transactions and smart‑contract execution. This dual‑token design separates network fees from VET’s market price, though transaction costs can still vary with network conditions. (VeChain overview)
Conclusion
VeChain is a smart‑contract blockchain focused on business and real‑world data use cases, with VET supporting the network and VTHO paying for its use. How effectively can VeChain make product and sustainability records useful to everyday businesses and users?
