Deep Dive
1. Purpose and technology
VeChain is designed to make records about products and business processes easier to share and verify. Uses can include supply‑chain traceability, product authenticity, sustainability tracking, and digital product passports. Its network, VeChainThor, is an EVM‑compatible Layer‑1 blockchain—a base network that can run smart contracts and applications. (VeChain documentation, CoinMarketCap overview)
2. VET and VTHO
The network separates its token roles: VET is used for staking, which helps secure the network, while VTHO pays for transactions. According to CoinMarketCap’s overview, since the Hayabusa upgrade on December 2, 2025, VeChainThor has used Delegated Proof of Stake. In this system, VET holders can help secure the network by operating a validator or delegating their stake. (CoinMarketCap overview)
Conclusion
VeChain is a smart‑contract blockchain focused on business and real‑world data, with VET supporting network security and VTHO covering transaction fees. How effectively can it make verifiable blockchain records useful in everyday business processes?
