VeChainThor
The public blockchain that derives its value from activities created by members within the ecosystem solving real world economic problems
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BUILD ON VECHAINTHOR
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Innovate your enterprise
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Boost your startup
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Grow with the community
META-TRANSACTION FEATURES

Meta-transaction features native to VeChain Thor blockchain’s core protocol, such as multi-party payment, multi-task transaction, controllable transaction lifecycle, transaction dependency, make the development more user-friendly for enterprise adoption.

Controllable Transaction Lifecycle

With BlockRef and Expiration transaction fields, users can set the time when transaction is processed or expired if not being included in a block.

Multi-task Transaction (MTT)

Multi-function atomic transactions allow developers to batch payments, add multiple calls to different contract functions into one transaction and determine their sequence.


Fee Delegation

Flexible transaction fee delegation schemes (Multi-party Payment and Designated Gas Payer) enable a freemium model within a decentralized application to onboard users without friction


Transaction Dependency

Set dependencies to ensure the execution order meets the business need, transactions that specify a dependency will not be executed until the required transaction is processed.

 
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Controllable Transaction Lifecycle

With BlockRef and Expiration transaction fields, users can set the time when transaction is processed or expired if not being included in a block.  
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Fee Delegation

Flexible transaction fee delegation schemes (Multi-party Payment and Designated Gas Payer) enable a freemium model within a decentralized application to onboard users without friction.
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Multi-task Transaction (MTT)

Multi-function atomic transactions allow developers to batch payments, add multiple calls to different contract functions into one transaction and determine their sequence.
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Transaction Dependency

Set dependencies to ensure the execution order meets the business need, transactions that specify a dependency will not be executed until the required transaction is processed.
PROOF OF AUTHORITY
 Authority Masternode Operators, with the aligned interest in the development of VeChain ecosystem, maintain the VeChainThor protocol according to the Foundation's governance policy. PoA addresses enterprise' common concerns of inefficient upgrade and waste of energy.


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Low computation power required to achieve the network security and consensus integrity

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Controlled via the built-in smart contract, hard forks can be avoided in case authority mastemodes fail to upgrade

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All Authority Masternode Operator identities are strictly verified by the Foundation

 
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Controllable Transaction Lifecycle

With BlockRef and Expiration transaction fields, users can set the time when transaction is processed or expired if not being included in a block.  
2-2

Fee Delegation

Flexible transaction fee delegation schemes (Multi-party Payment and Designated Gas Payer) enable a freemium model within a decentralized application to onboard users without friction.
2-3

Multi-task Transaction (MTT)

Multi-function atomic transactions allow developers to batch payments, add multiple calls to different contract functions into one transaction and determine their sequence.
2-4

Transaction Dependency

Set dependencies to ensure the execution order meets the business need, transactions that specify a dependency will not be executed until the required transaction is processed.
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Group 34
ECONOMIC MODEL
The unique dual-token system (VET+VTHO) significantly helps separate the cost of using blockchain from market speculation. Due to the correlation with the blockchain resource utilization, the cost is more predictable with the monitoring of the VTHO supply and demand. In addition, Foundation's governance mechanism further stabilizes the cost.
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VTHO generation from any address holding VET at the predetermined velocity of 5x10-8 per VET per block (10s)
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70% of VTHO paid in each transaction is destroyed and the rest is awarded to the Authority Masternode Operator
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Adjustment to variables (e.g. gas price, velocity) can be made to maintain the equilibrium of VTHO demand and supply
BUY & SELL VET