With the purpose of fostering transparent communication on our accomplishments on creating tangible ...
VeChainThor
The public blockchain that derives its value form activities created by members within the ecosystem solving real world economic problems
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ALL BUILDERS COALESCE AND CREATE VALUE FOR THE REAL ECONOMY
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No Friction for Users
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Fee delegation removes the major hindrance of onboarding projects
Better Flexibility for Enterprise
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The Governance model balances democracy and efficiency
Greater Security for Applications
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Proof of Authority provides the stable and secure environment for a high throughput for transactions
Secure
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Low cost
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High-speed
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Stable
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10s
Block Time
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101
Authority Masternode
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7,230
Stakeholders (Economic nodes & X-nodes & Authority Masternodes)
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0 Fee
Zero-fee transactions for your customers with fee delegation
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7,026,111
Best Block
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2.5431 Billion
Energy Burned (VTHO)
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9,548,467
Total Tx Count
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74,087,650
Total Clause Count
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VeChainThor
The public blockchain that derives its value form activities created by members within the ecosystem solving real world economic problems
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META TRANSACTION FEATURES FOR MASS ADOPTION
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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
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With transaction fields BlockRef and Expiration, applications can predefine the time when transaction is processed or expired if not packed with
Fee Delegation
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Multi-party Payment and Designated Gas Payer enable a freemium model within applications to onboard users without frictio
Multi-task Transaction (MTT)
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With transaction field Clause, applications can easily carry out multiple tasks in a single transaction. |
Transaction Dependency
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With transaction field DependOn, applications can swimmingly set the dependency to ensure the execution order meets the business need
PROOF OF AUTHORITY
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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.
ECONOMIC MODEL
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The unique two-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.
5x10-8 per VET per block (10s) - VTHO generation predetermined velocity from any address holding VET
70% of VTHO paid in each transaction is destroyed and the rest is awarded to the Authority Masternode Operator
Adjustable Variables
Adjustment to variables (e.g. gas price, velocity) can be made to maintain the equilibrium of VTHO demand and supply
LATEST NEWS
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